Section II – Pay and other information

Implementation of 2016 remuneration policies

Below is a description of the remuneration measures implemented in 2016 in favour of the Chairman of the Board of Directors, the Non-executive directors, the CEO and Managers with Strategic Responsibilities.

The implementation of the 2016 Remuneration Policy, in accordance with what was verified by the Remuneration Committee during the regular evaluation laid down by the Code of Corporate Governance, remained in line with the general principles in the resolutions adopted by the Board of Directors. Based on the evaluation made by the Committee, the 2016 Policy was essentially in line with the market benchmarks.