Nominations and Remuneration Committee

Silvia Merlo
President
Barbara Cominelli
Member
Paolo Francesco Lanzoni
Member
In accordance with the provisions of the Corporate Governance Code, the current Nominations and Remuneration Committee is comprised of three non-executive Directors, all independent as per the Consolidated Finance Law and mostly independent as per the Corporate Governance Code, appointed by the Board of Directors during the meeting of 23 April 2018. The members of the Committee have adequate financial and remuneration policy expertise.

The Committee appointed a Secretary from outside of its members. Together with the Secretary, the Chairman coordinates the activities of the Committee and chairs its meetings.

The Nominations and Remuneration Committee makes recommendations to the Board of Directors regarding the remuneration of the Chairman and of Directors with powers or specific duties and, upon indication by the Chief Executive Officer, regarding the determination of criteria for the remuneration of the Company's top management and for the definition of incentive plans for the Group management. Whenever the Committee discusses recommendations for the remuneration of the Chairman, the Executive Deputy Chairman and the Chief Executive Officer, such individuals must leave the meeting.

During financial year 2017, the Committee held 6 meetings - all duly recorded in minutes. The average duration of the meetings held by the Committee was around 50 minutes.
* tali caratteristiche sono state valutate dal Consiglio di Amministrazione nel corso dell' adunanza del 23 aprile 2018
(Source: Executive Summary, ERG Report on Corporate Governance and Ownership at 31.12.2017)

Frequency

Frequency
(Source: ERG Report on Corporate Governance and Ownership at 31.12.2017)
(Source: Executive Summary, ERG Report on Corporate Governance and Ownership at 31.12.2017)

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