Governance SEAT PG Share Capital Increase

Compensation Committee

In accordance with the principle 5P1 and the criterion 5C1 of the Code of Conduct, the Board of Directors has established the following internal committees:
  • the Compensation Committee
  • the Internal Audit Committee
with propositive and consultive functions.
 
Both the Committees are composed of three members; duties are defined by resolution of the Board of Directors may be supplemented or changed by a subsequent resolution of the Board.
Committees are entitled to access corporate information and departments as necessary for the performance of their functions.
 

Members of the Committee

The Board of Directors appointed the Directors Lino Benassi (Chairman), Dario Cossutta and Luigi Lanari as members of the Compensation Committee (all non-executive Directors and an independent Director acting as Chairman).
In accordance with criterion 7C3 of the Code of Conduct, the Compensation Committee was assigned by the Board of Directors the duty of:
(i) making recommendations to the Board of Directors concerning the managing director’s compensation and that of other directors holding particular positions, also as regards determination of stock option plans, monitoring application of the decisions adopted by the board itself;
(ii) periodically assessing the criteria adopted for the remuneration of executives with strategic responsibilities, supervising their application based on the information provided by managing directors and making general recommendations to the board of directors concerning this issue.
The Board also revolved to authorise the Compensation Committee to access corporate information and departments as necessary for the performance of its functions.
 
Compensation Committee
 
Chairman
 
 
 
 
For the description of the Internal Audit Committee, please see the specific section.

Last Update: Wed 22 Apr 2009 | 01:00 PM