Where to find board of directors compensation

These principles and criteria are regularly reviewed by the Compensation Committee and the Board of Directors with the aim of keeping the company's compensation policy in line with best market practices and trends. Principles taken into account in the compensation of executive directors for the performance of their executive functions:. Furthermore, the compensation of the directors in their roles as such is based on the following principles:.

Principles taken into account in the compensation of executive directors for the performance of their executive functions: Ensure that the compensation, in terms of structure and global amount, complies with best practices and is competitive in relation to other comparable entities in order to attract, retain, and motivate the best professionals. Establish compensation with objective criteria related to the individual performance of the executive directors and the achievement of the business objectives of the company and the Group.

Maintain an annual variable component linked to the achievement of specific and quantifiable objectives that are aligned with social interest, with control and measurement systems to determine the payment of variable compensation in accordance with evaluations that measure individual performance and personal contribution to the achievement of the objectives set. Incorporate a long-term performance-based compensation system to encourage the sustained achievement of goals and to retain key persons linked to those goals.

Maintain an adequate balance between the different components of the compensation package in line with best practices worldwide. With pay structure in mind, what are board members doing to deserve their pay? Board members are responsible for steering the company in order to maintain profitability.

Members of a board, while focused on the larger picture, ensure that the mission and vision of a company are being upheld. Officers and executives, as well as new board members, are all elected and overseen by board members. Board members are responsible for reviewing the actions of officers and executives in order to ensure that the aforementioned company vision is being adhered to. Board members bring value to companies, and should be compensated as such.

Board members are highly qualified individuals with expertise in associated fields. The hiring of new board members relies on the current board; and new decisions are heavily scrutinized. The money was vested over a year period to ensure long-term loyalty from its board members. Skip to Content We use cookies to ensure that we give you the best experience on our website.

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