Approval process for the 2017 Remuneration Policy

In exercising its powers, the Remuneration Committee defined the structure and the contents of the Remuneration Policy, for the purpose of preparing this Report, specifically at the meeting of 6 March 2017, in line with the recommendations of the Code of Corporate Governance.

In making its decisions, with a view to consistency, the Committee took into account the decisions taken by the Shareholders’ Meeting of 27 April 2016 and by the Board of Directors in 2016.

The above-mentioned activities were conducted following an evaluation of the regulatory framework regarding remuneration, as well as the practices in the preparation of the remuneration report in a national and international context.

The Snam 2017 Remuneration Policy for Directors and Managers with Strategic Responsibilities was then approved by the Board of Directors, at the recommendation of the Remuneration Committee, at the meeting of 6 March 2017, at the same time as the approval of this Report.

The implementation of the remuneration policies defined consistent with the guidelines of the Board of Directors, is carried out by the delegated bodies, with the support of the competent corporate functions.

Information on the remuneration of the Directors and management is also ensured through the updating of the pages specially dedicated to these subjects in the “Ethics and Governance” section of the Company’s website.