Company departments

  • Group Human Resources
    Responsible for the process, coordinates the units involved in checking the performance and equity figures.
  • Audit
    Examines the data and controls the process.
  • Accounting – Planning and Control (P&C)  
    Supplies the data to determine the performance of the business areas based on actual figures.
  • Compliance
    Assesses the compliance of policies with the legislative and regulatory framework.
  • Risk Management
    Helps determine the metrics used to determine risk-adjusted performance.

Remuneration Committee

This Committee has an advisory role for the remuneration and incentives of the CEO, senior management and staff. In particular, it:

  • proposes the remuneration of personnel whose remuneration and incentive models are decided by the Board of Directors;
  • advises on the determination of remuneration calculation criteria for all the most important personnel;
  • monitors the correct application of the rules applicable to the remuneration of the heads of control functions, liaising closely with the board of Statutory Auditors;
  • monitors the adequacy, fairness and effective application of the remuneration policies;
  • handles the preparation of the documentation to be submitted to the Board of Directors for its decisions;
  • collaborates with other internal Committees, particularly with the Risk Committee;
  • ensures the involvement of the relevant company functions in the preparation and control of remuneration and incentive policies and practices;
  • expresses its opinion - based on, inter alia, the information received from the relevant company functions - on the achievement of the performance targets to which the incentive plans are linked and the assessment of whether the other conditions for the payment of remuneration have been met;
  • reports on its work to the governing bodies, including the general meeting.

General Meeting

The General meeting’s, duties include:

  • establishing the Directors’ annual base fees whenever the new Board of Directors is appointed;
  • approving the remuneration policies and the equity-based payment plans for the group’s Directors, employees and freelancers;
  • approving the criteria for the determination of severance pay in the event of early termination of employment or office;
  • upon the proposal of the Board of Directors, the General Meeting may set the group employees’ and freelancers’ performance-based pay up to 200% of their base salary or fees or up to any other threshold that has been set.
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