REMUNERATION POLICY
Remuneration is the total compensation received by an employee. It includes not only base salary but any bonuses, commission payments, overtime pay, or other financial benefits that an employee receives from an employer.
The Company defines and applies a General Policy on Remuneration designed to attract, motivate and retain resources which possess the professional qualities needed to effectively pursue the Group’s objectives.
The Policy is defined in such a way as to align the interests of management with those of shareholders, with the main goal being the creation of sustainable success in the medium to long-term, through the consolidation of the link between reward and performance, both of individuals and the Group.
PURPOSE OF REMUNERATION POLICY
- Increasing value for shareholders;
- Achieving sustainable success in a stable manner in the short and medium-long terms;
- Retaining employees who hold positions that are strategic for governance and the business;
- Promoting the corporate mission and values, also in terms of sustainability;
The objective of the remuneration policy is to attract, motivate and retain key and strategic resources and, at the same time, to align the interest of Management with the priority objective of creating value for shareholders in the medium-long term, contributing to the achievement of sustainable results over time, enhancing the performance achieved and recognizing the quality and effectiveness of individual contribution.