The Remuneration Report is annually approved by the Board of Directors, at the Remuneration Committee’s proposal.
The Remuneration Report is divided into two sections:
- The first section describes the policy of FINCANTIERI S.p.A. regarding the remuneration of the members of the Board of Directors, General Managers and Key Executives and the procedures for the adoption and implementation of this policy;
- The second section provides an adequate representation of each of the items comprising the remuneration of persons who have held the position of members of the Board of Directors, members of the Board of Statutory Auditors, General Managers and Key Executives with reference to the previous year.
Under the provisions of art. 123-ter, paragraph 6, of the Consolidated Fincancial Law (TUF), the policy described in the first section of the Remuneration Report is submitted to non-binding resolution of the Ordinary Shareholders' Meeting convened in accordance with art. 2364, second paragraph, of the Civil Code.