Corporate Governance Report
II.3.4.
Approval of plans for the allotment
of shares and/or options to acquire shares
or based on share price variation to board
members shall be submitted to the General
Meeting. The proposal shall contain all the
necessary information in order to correctly
evaluate said plan.
Not applicable
Part I
Numbers 70. and
73. and 85. of
this Corporate
Governance
Report.
II.3.5
Approval of any retirement benefit scheme
established for members of corporation
members shall be submitted to the General
Meeting. The proposal shall contain all the
necessary information in order to correctly
evaluate said system.
Not applicable
There are no
approved or
submitted for
approval by the
General Assembly
any systems
of retirement
benefits
established for
members of
governing bodies.
III . REMUNERATION
III.1
The remuneration of the executive
members of the board shall be based on actual
performance and shall discourage taking on
excessive risk-taking.
Adopted
Part I
Numbers 69 to 79
of this Corporate
Governance
Report.
III.2
The remuneration of the non-executive
board members and the remuneration of the
members of the Audit Committee shal not
include any component whose value depends on
the performance of the company or of its value.
Adopted
Part I
Numbers 69,
70.e 71. of this
Corporate
Governance
Report.
III.3
The variable component of remuneration
shall be reasonable overall in relation to
the fixed component of the remuneration
and maximum limits should be set for all
components.
Not applicable
Part I
Numbers 69. to 76.
of this Corporate
Governance
Report.
III.4
A significant part of the variable
remuneration should be deferred for a period
not less than three years, and the right of the
payment shall depend on the continued positive
performance of the company during that period.
Not applicable
Part I
Numbers 69. to 76.
of this Corporate
Governance
Report.
III.5
Members of the Board of Directors shall
not enter into contracts with the company of
with third parties which intend to mitigate the
risk inherent to remuneration variability set by
the company.
Not applicable
No such contracts
exist. Part I
Numbers 69. to 76.
of this Corporate
Governance
Report.
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