- Corporate governance system
- Bylaws
- Code of Ethics
- Shareholders' meeting
- Board of directors
- Committees
- Statutory auditors and independent auditors
- Internal control system
- Administrative responsability (231)
- Reporting irregularities
- Market abuse procedure
- Filing Models
- Transactions with related parties
- Compensation
- Annual Information Document
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Topics
Documents
Contacts
Corporate societary
Ph.: +39 02 52069235
Fax: +39 02 52069232
segreteriasocietaria@snamretegas.it
Investor Relations
Ph.: +39025201
Fax: +390252069227
investor.relations@snamretegas.it
postmaster@snamretegas.it
The keywords used
dividend history sustainability principles of the model 231 network meeting board of directors
Compensation
Top Management Fees
The Directors' fees are resolved by the Shareholders' Meeting. The Shareholders' Meeting of 26 April 2007 resolved on an annual gross fee of € 30,000.00 for the term of office, to be paid to each Director, in addition to reimbursement of expenses incurred. It also resolved on an attendance fee of € 500.00 for the Directors, for each meeting of the internal Board Committees, in addition to reimbursement of expenses incurred.
The compensation of the Chairman and Chief Executive Officer, taking into consideration the responsibilities that they bear, is set by the Board of Directors, which resolves on the proposals of the Compensation Committee, having heard the opinion of the Board of Statutory Auditors. This compensation is comprised of a set amount, including the fees set by the Shareholders' Meeting for the company position of Director, and a variable amount, which includes, in addition to the monetary component, the commitments assumed by Snam Rete Gas to sell treasury shares (stock options) once three years have passed from assignment.
The monetary part of the variable compensation of the Chairman and the Chief Executive Officer, as well as the Top Management, is linked to the achievement of specific corporate (economic-financial, operational and strategic) and individual targets, while the stock options are linked to the positioning of the total shareholder return (T.S.R.) compared to that of 6 leading listed European Utilities operating in regulated markets.
The information regarding the amount of fees paid to Directors, Statutory Auditors, the General Manager and, in aggregate form, managers with strategic responsibilities, and the participation in the stock grant and stock option plans by the Chairman, the Chief Executive Officer, the General Manager and, in aggregate form, managers with strategic responsibilities, is illustrated in the section
“Fees and other information” of the Annual Report as at 31 December 2008.
The investments in Snam Rete Gas and its subsidiaries held by Directors, Statutory Auditors, the General Manager and, in aggregate form, by managers with strategic responsibilities are contained in the section
“Fees and other information” in the Directors’ Report on the Annual Report as at 31 December 2008.
Information regarding the Snam Rete Gas Share-Based Payment Plans (Article 84-bis of Consob Regulation no. 11971)
