Market benchmarks and pay mixes
The preparation of the guidelines and the evaluation of the policies implemented are carried out with the support of highly specialist independent advisors using specific remuneration benchmarks (Mercer and Willis Towers Watson).
The remuneration benchmarks used for the various types of positions are indicated in the table:
FIGURE 4 - PANELS USED FOR REMUNERATION BENCHMARKS
The 2017 Remuneration Policy guidelines create a pay mix consistent with the managerial position held, with a greater weighting for the variable component for roles which have a greater impact on company results.