Compensation Report

Compensation policy 2016

Overarching principles

For the Board of Directors, the compensation policy is designed to ensure their independence in exercising their supervisory duties and foresees a fixed compensation only.

For the Executive Committee, the compensation policy is designed to attract, retain and motivate talented individuals, along the following principles:

  • Fairness and transparency
  • Pay for performance and strategy implementation
  • Long-term orientation and alignment to shareholders’ interests
  • Market competitiveness

Compensation principles 2016