The compensation of directors consists of a fixed fee of 50,000 euros per year and an attendance fee of 3,000 euros for every board or committee meeting attended by directors, excluding those vested with executive powers. The Board of Directors, with the approval of the Board of Statutory Auditors, granted the Chairman, the Vice Chairman and the Chief Executive Officer a compensation for their office pursuant to Article 2389 of the Italian Civil Code. Furthermore, the Chief Executive Officer was granted a variable compensation that is linked to the achievement of specific economic objectives that are set annually, as well as two stock option plans whose exercise is partially subject to satisfaction of profitability targets, whose value and reference period are set in advance.