Remuneration reports


According to article 123-ter of the Consolidated Law on Finance (Legislative Decree no. 58/1998) companies with listed shares shall make public available a yearly remuneration report laid out in two sections.

The first section explains:

a) the company's policy on the remuneration of the members of the administrative bodies, general managers and executive with strategic responsibilities with reference to at least the following year;

b) the procedures used to adopt and implement this policy.

The second section:

a) provides a suitable representation of each of the items comprising remuneration, including treatment provided for in the event of cessation of office or termination of employment, highlighting the coherence with the company's policy in terms of remuneration approved the previous year;

b) analytically illustrates the fees paid during the financial year of reference, for any title and in any form by the company and by subsidiaries or associates, noting any components of said fees that refer to activities performed in years prior to that of reference, in addition to highlighting the fees to be paid in one or more subsequent years in exchange for the work performed in the year of reference, potentially specifying an estimated value for components that cannot objectively be quantified in the year of reference.

For the remuneration reports published by listed companies during 2013, click here (in Italian only) 

For the remuneration reports published by listed companies during 2012, click here (in Italian only)

Last update:  July 25 2013 - 09:59

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