Compensation Committee 

The Committee’s Charter sets out the minimum requirements for its composition, functioning, and principal advisory functions, which are as follows:

• presenting proposals to the Board in relation to compensation policies for directors and executives with strategic responsibilities
• presenting proposals to the Board in relation to individual compensation plans for the Chairman, Chief Executive Officer and other directors with specific responsibilities, as well as in relation to the establishment of performance targets for their variable compensation and, on an annual basis, verifying the level of achievement
• examining proposals from the Chief Executive Officer concerning compensation and performance evaluations for executives with strategic responsibilities
• periodically evaluating the adequacy, overall coherence and concrete application of compensation policies for directors and, on the basis of information provided by the Chief Executive Officer, for executives with strategic responsibilities
• carrying out the functions of the committee for transactions with related parties, where related to compensation