Remuneration data

Fees of the Board of Directors

The directors’ fee was determined by the Shareholders’ Meeting at a total yearly amount of € 140,000, i.e. € 20,000 for each director.
The Board of Directors, at the proposal of the Remuneration Committee and after having heard the opinion of the Board of Statutory Auditors, also determined a fee for the office of Chairman totalling € 30,000 per year and for the office of Chief Executive Officer totalling € 150,000 per year.
The Board of Directors determined additional remuneration for the members of the Control and Risks Committee, the Remuneration Committee and the Supervisory and Control Body.
The total remuneration of the executive directors – who at present means the Chief Executive Officer exclusively – comprises also a variable portion linked to the net result achieved by the company (MBO).
The executive director is also beneficiary of the stock grant plan for the 2017/2018/2019 three-year period, whose implementation is conditional on the pursuit of specific and measurable financial and economic performance objectives and of other type on an annual basis. Non-executive directors are not among the beneficiaries of the stock grant plan.
The table below shows the fees paid in 2017 to the members of the Board of Directors.