Compensation

The table presents the salaries distributed in 2020 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 2020 		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
1,707,443
27,847
1,735,290
 
 
 
 
   
   
23,796
 
23,796
 
 
 
1,731,239
27,847
1,759,086
 
 
 
1a, 1b, 3, 4
7
 
Monica
Mondardini
 CEO and General Manager 3.2-31.12 Appr. Fin. Stat. 2022
CIR S.p.A.
Subsidiaries
Total
1,275,747
139,236
1,414,983
 
 
 
400,000  
   
400,000  
 
 
 
 
 
 
1,675,747
139,236
1,814,983
1,087,529
 
1,087,529
1a, 1b, 1c, 1d
5
 
Philippe
Bertherat		 Director 8.6-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 13,973 8,986
 
   
    22,959   1a, 1f
Maristella
Botticini		 Director 8.6-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 13,973 11,986
   
   
    25,959   1a, 1e
Edoardo
De Benedetti		 Director 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 18,344  
   
   
    18,344   1a
Marco
De Benedetti		 Director 1.1-31.12 Appr. Fin. Stat. 2022
CIR S.p.A.
Subsidiaries
Total
18,344
70,625
88,969
 
 
 
   
   
   
 
 
 
 
 
 
18,344
70,625
88,969
 
 
 
1a
6
 
Franco
Debenedetti		 Director 8.6-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 13,973  
   
   
    13,973   1a
Paola
Dubini		 Director 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 15,659 20,015
   
   
    35,675   1a, 1e
Silvia
Giannini		 Director 8.6-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 13,973 19,630
   
   
    33,603   1a, 1e, 1f
Pia
Marocco		 Director 1.1-31.12 30.04.2021 CIR S.p.A. 15,659 13,830
   
   
    29,489   1a, 1e, 10
Francesca
Pasinelli		 Director 8.6-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 13,973 19,630
   
   
    33,603   1a, 1e, 1f
Maria Serena
Porcari		 Director 1.1-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 15,659 22,473
   
   
    38,133   1a, 1e, 1f
Francesco
Mantegazza		 Chairman of
Board of
Statutory Auditors		 8.6-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 42,329  
   
   
    42,329    
Maria-Maddalena
Gnudi		 Statutory Auditor 8.6-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 28,219  
   
   
    28,219    
Gaetano
Rebecchini		 Statutory Auditor 8.6-31.12 Appr. Fin. Stat. 2022 CIR S.p.A. 28,219  
   
   
    28,219    
Giuseppe
Gianoglio		 Executive with strategic responsibilities    
CIR S.p.A.
Subsidiaries
Total
197,721
 
197,721
 
 
 
   
   
   
3,282
 
3,282
5,000
7,808
12,808
206,003
7,808
213,811
131,913
 
131,913
1c, 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. Fees pro-rata temporis for the position of director of € 20,000 approved by the AGM;
    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 part of compensation linked to reaching objectives in terms of result;
    5. Fees pro-rata temporis for being on the Control and Risk Committee;
    6. Fees pro-rata temporis for being on the Appointments and Compensation Committee.
  2. Fair value of equity remuneration: this is the notional cost for the Company recognized to the income statement in personnel costs, with offset in special equity reserve; IAS carrying values not yet received by the director and for the moment just potential.
  3. Remuneration in non-monetary benefits in favour of the Chairman: insurance policies covering accident and illness plus life insurance.
  4. Fixed fees pro-rata temporis for the positions of: Director of GEDI S.p.A. (€ 7,847), mandate ended on April 23 2020, and Sogefi S.p.A. (€ 20,000).
  5. Fixed fees pro-rata temporis for the positions of: Director (€ 7,847) and Deputy Chairman (€ 31,389) of GEDI S.p.A., mandate ended on April 23 2020, and Chairman of Sogefi S.p.A. (€ 100,000).
    Not included are the amounts for the position of Director of Sogefi S.p.A. (€ 20,000) and KOS S.p.A. (€ 10,000) as these were paid to CIR S.p.A.
  6. Fixed fees pro-rata temporis for the positions of: Director (€ 7,847) and Chairman (€ 62,778) of GEDI S.p.A., mandate ended on April 23 2020.
  7. To the compensation of the Chairman stated in the chart a gross annual amount of € 165,000 should be added. This is paid by the company in the form of an insurance premium and constitutes an end of mandate indemnity.
  8. Non-monetary benefits: value of company car for mixed use.
  9. Other benefits: company welfare programme; fee for being member of the Supervisory Body of the GEDI Group, mandate ended on April 23 2020.
  10. Mandate ended on April 30 2021.