The Remuneration and Nomination Committee is currently composed of four non-executive directors, three of which independent.
Responsibilities of the Remuneration and Nomination Committee
The Remuneration and Nomination Committee prepares the Board’s decision-making (including, if applicable, proposals of the Board for the General Meeting) in particular regarding:
- the remuneration of each Director according to the remuneration policy that has been established.
- the drawing up of selection criteria and appointment procedures for Executive Directors and Non-Executive Directors;
- the periodical assessment of the size and composition of the Board and the making of proposal for a composition profile of the Board;
- the periodical assessment of the performance of individual Executive Directors and Non-Executive Directors;
- the drawing up of a succession plan for Executive Directors and Non-Executive Directors;
- the proposal for appointment and reappointment of Executive Directors and Non-Executive Directors;
- supervision of the policy of the Board regarding the selection criteria and appointment procedures for senior management;
- the drawing up development of the Company's diversity policy for the composition of the Board.