Compensation

The table presents the salaries distributed in 2022 to the directors, auditors and executives with strategic responsibilities.

First name
and surname		 Position
in CIR S.p.A.		 Period in which
the position
was held 2022 		End of mandate Company that prepares
the financial statements and
subsidiaries and associates 		Fixed fee
or salary (in €)		 Fees for sitting
on committees (in €)		 Variable compensation
(non-equity) (in €)
Bonuses and
other
incentives		 Profit
sharing
Non-monetary
benefits (in €)		 Other pay (in €) Total (in €) Fair value of equity renumeration (2) (in €) Notes
Rodolfo
De Benedetti		 Chairman 1.1-31.12 Appr. Fin. Stat. 2022
CIR S.p.A.
Subsidiaries
Total
1,680,000
20,000
1,700,000
 
 
 
 
   
   
40,029
 
40,029
165,000
 
165,000
1,885,029
20,000
1,905,029
 
 
 
1a, 1b, 3
4
 
Monica
Mondardini
 CEO and General Manager 1.1-31.12 Appr. Fin. Stat. 2022
CIR S.p.A.
Subsidiaries
Total
1,120,965
300,000
1,420,965
 
 
 
519,817  
   
519,817  
 
 
 
 
 
 
1,640,782
300,000
1,940,782
1,057,144
 
1,057,144
1a, 1b, 1c, 1d
5
 
Philippe
Bertherat		 Director 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 30,000 5,000
 
   
    35,000   1a, 1f
Maristella
Botticini		 Director 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 30,000 8,000
   
   
    38,000   1a, 1e
Edoardo
De Benedetti		 Director 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 20,000  
   
   
    20,000   1a
Marco
De Benedetti		 Director 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 20,000  
   
    20,000   1a
Franco
Debenedetti		 Director 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 20,000  
   
   
    20,000   1a
Paola
Dubini		 Director 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 30,000 7,000
   
   
    37,000   1a, 1e
Silvia
Giannini		 Director 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 40,000 14,000
   
   
    54,000   1a, 1e, 1f
Francesca
Pasinelli		 Director 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 40,000 10,000
   
   
    50,000   1a, 1e, 1f
Maria Serena
Porcari		 Director 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 40,000 12,000
   
   
    52,000   1a, 1e, 1f
Francesco
Mantegazza		 Chairman of
Board of
Statutory Auditors		 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 75,000  
   
   
    75,000    
Maria-Maddalena
Gnudi		 Statutory Auditor 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 50,000  
   
   
    50,000    
Gaetano
Rebecchini		 Statutory Auditor 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 50,000  
   
   
    50,000    
Michele
Cavigioli		 Executive with strategic responsibilities     CIR S.p.A. 251,040  
47,944  
5,000 304,184 178,687 1c, 7, 8, 9

Notes

  1. Fixed fees or salaries and fees for sitting on committees in the company that prepares the financial statements and in the incorporated company (CIR S.p.A. pre-merger):
    1. fee pro-rata temporis for the position of Director of € 20,000 approved by the Shareholders’ Meeting;
    2. special positions as per Art. 2389 paragraph 3 approved by the Board of Directors in favour of Rodolfo De Benedetti and Monica Mondardini;
    3. employee salary;
    4. bonus as variable compensation linked to reaching objectives in terms of result;
    5. fee pro-rata temporis for sitting on the Control, Risk and Sustainability Committee;
    6. fee pro-rata temporis for sitting on the Appointments and Remuneration Committee.
  2. Fair value of equity compensation: this is the notional cost for the Company recognized to the income state in personnel costs, with offset in the appropriate equity reserve; IAS carrying values not received and for the moment just potential.
  3. Non-monetary benefits in favour of the Chairman: insurance policies covering accident, illness and life (€ 26,144) and valuation of Company cars for business and leisure use (€ 13,885).
  4. Fixed fee for the position of Director in Sogefi S.p.A.
  5. This does not include the amounts for the position of Director of Sogefi S.p.A. (€ 20,000) and KOS S.p.A. (€ 10,000), as they are paid to CIR S.p.A.
  6. Other compensation: end of mandate indemnity in the form of an insurance policy.
  7. Non-monetary benefits: valuation of Company car for business and leisure use.
  8. Other compensation: Company welfare programme.
  9. This does not include the amounts for the position of Director with executive powers in CIR Investimenti S.p.A. (€ 120,000) and of Director of KOS S.p.A. (€ 10,000), as they are paid to CIR S.p.A.