Subject index (CONSOB Resolution 18049, SECTION I)

Bodies or parties involved in the preparation and approval of the remuneration policy, specifying the respective roles, as well as the bodies or parties responsible for the correct implementation of this policy

Any intervention by a remuneration committee or other competent committee, describing the composition (with a distinction between non-executive and independent directors), expertise and operating methods

The appointment of independent experts who may have been involved in the preparation of the remuneration policy

The aims pursued through the remuneration policy, the underlying principles and any changes to the remuneration policy compared with the previous financial year

Description of the policies on fixed and variable remuneration components, with special reference to the weighting in the overall remuneration and making a distinction between the short-term and medium-/long-term variable components;

The policy followed with regard to non-monetary benefits;

With reference to the variable components, a description of the performance targets based on which they are assigned, distinguishing between short-term and medium-/long-term variable components, and information on the connection between the change in results and the change in remuneration;

The criteria used for the evaluation of the performance targets underlying the granting of shares, options, other financial instruments or other variable remuneration components;

information aimed at highlighting the consistency of the remuneration policy with the pursuit of the company’s long-term interests and with the risk management policy, where formalised;

the vesting periods of the rights, any deferred payment systems, with an indication of the deferment periods and criteria used for calculating these periods and, if there is provision, the ex-post correction mechanisms;

information on any provision of clauses for keeping the financial instruments in the portfolio after their acquisition, with details of the periods and the criteria used for calculating these periods;

the policy relating to the terms if the office is vacated or the employment is terminated, specifying which circumstances create the right and any possible connection between these terms and the performance of the company

information on the presence of any insurance cover, or healthcare or pensions, other than the mandatory ones

the remuneration policy followed with regard to independent directors

any remuneration policy followed with reference to participation on committees

any remuneration policy followed with reference to holding specific positions (Chairman, Vice Chairman, etc.)

Information regarding the use of remuneration policies in other companies as a benchmark, if it is positive, the criteria used for selecting these companies.