Market benchmarks and pay mix
The policies implemented have been evaluated, in terms of positioning and pay mix, using salary benchmarks provided by highly specialised providers (Hay, Mercer and Towers Watson).
The remuneration benchmarks used for different types of positions are indicated in the table below:
PANELS USED FOR SALARY BENCHMARKING
|
|
Hay |
Mercer |
Tower Watson |
|
Chief Executive Officer |
Executive, large Italian companies (37) |
Panel of listed Italian companies comparable to Snam in terms of capitalisation and/or turnover (26) |
Panel of companies comparable to Snam in terms of turnover, capitalisation, employees, complexity of business and/or stock exchange segment (14) |
|
Chairman |
|
Panel of listed Italian companies comparable to Snam in terms of capitalisation and/or turnover (17) |
|
|
Executives, large Italian companies (37) |
|
|
The 2015 Remuneration Policy guidelines call for a pay mix in line with the managerial position held, with greater weighting for the variable component for posts typically having a greater impact on corporate results, as shown in the pay-mix chart set out below and calculated considering the enhancement of short - and long-term incentives in the event of on-target results, in terms of a minimum level (non-achievement of the threshold value specified in all short - and long-term variable incentive plans) and a maximum level.
