Compensation Committee
The basic rules governing the composition, duties, and functioning of the Committee are provided in the Charter of the Compensation Committee. On the basis of this Charter, the Committee is entrusted with the following advisory duties:
• submit to the Board of Directors proposals with respect to individual compensation plans for the Chairman, the Chief Executive Officer and other Directors vested with particular offices;
• examine proposals presented by the Chief Executive Officer regarding compensation and performance evaluation of members of the Group Executive Council and managers with strategic responsibility;
• examine proposals presented by the Chief Executive Officer with respect to performance evaluation criteria and general fixed and variable compensation plans applicable at Group level as well as incentives and stock option plans.
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