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NOMINATION AND REMUNERATION COMMITTEE

3 External directors appointed by the Board of Directors.

Review of the management remuneration policy and the results of the previous year s objectives (2014).

Proposal of the management remuneration policy and objectives for 2015.

Proposal for the replacement of Board members.

Proposal for Board member compensation.

Review of CEO and CFO s contracts.

In 2015 the Company focused on aligning the management compensation model with the single shareholder s interests, paying particular attention to the variable component of their remuneration.

1 meeting a year with no fixed date.

Analyse, report on and propose the remuneration policy for Board members and Company management.

Meetings

Functions

3 Members

2015 Summary

ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2015