Remuneration
NUMBER OF MEETINGS OF THE COMPENSATION COMMITTEE AND ATTENDANCE RATE
PART I - REMUNERATION POLICY
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Short-term incentive systems |
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No |
Yes |
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Existence of a short-term incentive system |
x |
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Long-term incentive systems |
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Two medium-/long-term incentive systems are in place, both cash-based |
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STI parameters for the CEO |
Weight |
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Free Cash Flow |
30% |
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Investments |
30% |
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Operating efficiency |
30% |
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Accident frequency rate for employees and contract workers |
10% |
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DEFERRED MONETARY INCENTIVE |
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Parameter |
Weight |
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Ebitda |
100% |
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LONG-TERM MONETARY INCENTIVE |
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Parameters |
Weight |
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Adjusted net profit |
60% |
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TSR |
40% |
THEORETICAL PAY MIX FOR THE CEO AND THE STRATEGIC EXECUTIVES
OTHER ELEMENTS OF THE REMUNERATION POLICY
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Yes/No |
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Does the company use a peer group? |
yes |
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Planned one-off bonus for CEO and strategic executives |
N/A |
INDEMNIFICATION AND NON-COMPETE AGREEMENTS
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Yes/No |
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Severance pay |
yes |
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Non-compete agreement |
yes |
Information on remuneration can be found in the 2015 Remuneration Report