remuneration Policy 2020
The remuneration system recognises responsibilities assigned, results achieved and the quality of the professional contribution, and it adheres to the principles of personal development and equal opportunity that have always formed a part of Snam’s organisational culture.
The Compensation Committee undertook its annual assessment of Snam’s remuneration policy in early 2020. In making its decisions, with a view to consistency, the Committee took into account the decisions taken by the Shareholders’ Meeting of 2 April 2019 and by the Board of Directors in 2019, following an evaluation of the regulatory framework regarding remuneration, as well as the practices in the preparation of the remuneration report in a national and international context.
The Snam Remuneration Policy for 2020 for Directors, Auditors and Managers with Strategic Responsibilities was approved by the Board of Directors, on the recommendation of the Remuneration Committee, at the meeting of 18 March 2020 and subsenquently approved with a binding vote by the Shareholders' Meeting of 18 June 2020.
At-a-glance: Snam’s remuneration policy
Connection between the Company’s Strategic Plan and the incentive system.
Incentive systems
Annual Monetary Incentive (AMI) 2020 parameters for the CEO - Weight
For further details on the Annual Monetary Incentive (AMI) parameters for the CEO please refer to page 25 of the Remuneration Report 2020
Long Term share-based Incentive Plan (LTI) 2020-2022 parameters - Weight
CYCLE OF ACTIVITIES OF THE COMPENSATION COMMITTEE
2020 Remuneration Policy guidelines
The remuneration instruments are summarised and explained in the following diagram:
27 August 2020 - 10:51 CEST