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Remuneration of directors

The following report outlines the principles and basic characteristics of the remuneration policy as applied to the top figures of the Hera Group, a category which includes the Operations General Director.

The fundamental principle which underpins the Group's culture and directs its choices is its commitment to combining economic and social value with the ultimate goal of satisfying the legitimate expectations of all stakeholders. Hera seeks to be a business that withstands the test of time and to improve society and the environment for future generations to come.

The sense of responsibility that is the hallmark of its corporate culture and mission translates into an approach to remuneration that is similarly responsible. The remuneration policy was conceived as a factor that contributes to improving corporate performance and the creation of value in the medium to long-term.

With a view to responsible reward and in keeping with the recommendations contained in Article 6 of the Borsa Italian SpA Code of Conduct, the Board of Directors, with the support of the Remuneration Committee, has therefore defined the remuneration policy for 2018

Pursuant to paragraph 6 of article 123-ter of the TUF, the meeting is called on to decide on this Section I of the Remuneration Report.

The Shareholders' Meeting decides the value of the fees for the Board of Directors.

The remuneration policy for Executive Directors is proposed to the Board of Directors by the Remuneration Committee. The Board of Directors then approves any type of supplementary remuneration.

The CEO proposes policies for Group directors to the Remuneration Committee, which expresses its opinion and presents the policies to the Board of Directors.

This process is supported, as far as the technical aspects are concerned, by the Group Director of Human Resources and Organization, who takes care of the implementation of these policies.

Chairman and CEO remuneration is composed of the fixed and the variable monetary compensation based on the degree of achievement of the targets set in the previous year (more on Balanced scorecard system).

BOD REMUNERATION IN 2018 (€)
  Emolument for the officeEmoluments for cometees attendanceBonus
& other incentives
Non-monetary benefitsOther considerationsTotal
Tomaso Tommasi di VignanoExecutive chairman
since 01/01/2014
Termination of Assignment: approval of financial results as at 31/12/2019
380.000 170.2405,9171,798557,955
Stefano VenierCEO
since 24/04/2014
Termination of Assignment: approval of financial results as at 31/12/2019
381,549-170.24024,2372,243578,269
Giovanni BasileVice President
since 24/04/2014
Termination of Assignment: approval of financial results as at 31/12/2019
85.000--4.157- 89.157
Francesca FioreDirector
since 27/05/2017
Termination of Assignment: approval of financial results as at 31/12/2019
40.00020.000-441-60.441
Giorgia GagliardiDirector
since 24/04/2014
Termination of Assignment: approval of financial results as at 31/12/2019
40.00020.000-308-60.308
Massimo GiustiDirector
since 24/04/2014
Termination of Assignment: approval of financial results as at 31/12/2019
40.00020.000-518-60.518
Sara LorenzonDirector
since 27/04/2017
Termination of Assignment: approval of financial results as at 31/12/2019
40.00020.000-308-60.308
Stefano ManaraDirector
since 01/01/2014
Termination of Assignment: approval of financial results as at 31/12/2019
40.00020.000-499-60.499
Danilo ManfrediDirector
since 24/04/2014
Termination of Assignment: approval of financial results as at 31/12/2019
40.00020.000-394-60.394
Alessandro MelcarneDirector
since 08/11/2017
Termination of Assignment: approval of financial results as at 31/12/2019
40.00020.000-305-60.305
Erwin P. W. RaucheDirector
since 27/04/2017
Termination of Assignment: approval of financial results as at 31/12/2019
40.00020.000-866-60.866
Duccio RegoliDirector
since 27/04/2017
Termination of Assignment: approval of financial results as at 31/12/2019
40.00020.000-618-60.618
Federica SegantiDirector
since 27/04/2017
Termination of Assignment: approval of financial results as at 31/12/2019
40.00020.000-468-60.468
Marina Vignola Director
since 27/04/2017
Termination of Assignment: approval of financial results as at 31/12/2019
40.00020.000-389-60.389
Giovanni Xilo Director
since 27/04/2017
Termination of Assignment: approval of financial results as at 31/12/2019
40.00020.000-719-60.719
 

 

PositionCompensationeurosComposition of the compensation package
Executive ChairmanAnnual gross salary380,000Composizione
Maximum target RGA554,800
Maximum target RDA554,800
Maximum target RDA + Maximun social incentive plan563,920
CEOAnnula gross salary380,000Composizione
Maximum target RGA554,800
Maximum target RDA681,467
Maximum target RDA + Social incentive plan690,972

 

 
Cost of the Hera Board of Directors


Page updated 19 April 2019

 
 
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