Remuneration for the Directors has been determined by the Shareholders’ Meeting as a fixed amount of 10,000 euro per Director (15,000 euro for the Chairman).
The Board of Directors, upon proposal by the Remuneration and Appointments Committee, and approval by the Board of Statutory Auditors, has also defined the remuneration for the office of Chairman, equal to a total of 500,000 euro per year, and for the CEO, equal to a total of 1,100,000 euro per year.
The Board of Directors has defined additional remuneration for the members of the Control and Risks Committee, the Remuneration and Appointments Committee and the Supervisory and Oversight Body.
The total remuneration amounts for the executive directors also include a variable portion linked to the economic results achieved by the company (MBO).
The executive directors are also beneficiaries of the stock option plan, whose implementation is conditional on the pursuit of specific, annual economic-financial performance objectives. Non-executive directors are not beneficiaries of the stock option plan.
The table below indicates the remuneration paid to members of the Board of Directors in 2015.

Remuneration paid to directors in 2016

Name and surnameOfficeTerm of officeBase payCompensation for participation in committeesBonuses and other incentivesNon-monetary benefitsOther compensationTotal
Marina BerlusconiChairperson1 Jan 2016
31 Dec 2016
15,000 a)
500,000 b)
515,000
Ernesto MauriChief Executive Officer1 Jan 2016
31 Dec 2016
10,000 a)
1,100,000 b)
576,000350,000 h)2,036,000
Paolo Ainio (*)Director28 Jul 2016
31 Dec 2016
4,167 a)4,167
Pier Silvio BerlusconiDirector1 Jan 2016
31 Dec 2016
10,000 a)10,000
Pasquale CannatelliDirector1 Jan 2016
31 Dec 2016
10,000 a)10,000
Bruno Ermolli (*)Director1 Jan 2016
28 Jul 2016
5,833 a)11,666 d)17,499
Martina Forneron MondadoriDirector1 Jan 2016
31 Dec 2016
10,000 a)10,000
Alfredo MessinaDirector1 Jan 2016
31 Dec 2016
10,000 a)8,333 d)18,333
Danilo PellegrinoDirector1 Jan 2016
31 Dec 2016
10,000 a)10,000
Roberto PoliDirector1 Jan 2016
31 Dec 2016
10,000 a)10,000
Oddone PozziDirector1 Jan 2016
31 Dec 2016
10,000 a)
420,000 c)
626,600 g)7,9971,064,597
Angelo RenoldiDirector1 Jan 2016
31 Dec 2016
10,000 a)3,000 e)
25,000 f)
20,000 i)58,000
Mario Resca
Director

Presidente Mondadori Retail S.p.A
1 Jan 2016
31 Dec 2016


1 Jan 2016
31 Dec 2016
10,000 a)

120,000 a)
40,000 c)
120,000


40,000
Cristina RosselloDirector1 Jan 2016
31 Dec 2016
10,000 a)20,000 f)
20,000 d)
2,000 e)
52,000
Marco SpadaciniDirector1 Jan 2016
31 Dec 2016
10,000 a)20,000 f)
25,000 d)
2,000 e)
57,000

(*)On 28 July 2016, with its resolution that was approved by the Board of Statutory Auditors, the Board of Directors co-opted Paolo Ainio as a new non-executive member of the Board of Directors, replacing the departing director Bruno Ermolli. The co-opted director will remain in office untile the Shareholders’ Meeting held to approve the financial statements as at 31/12/2016.

Key
a) emoluments approved by the competent bodies
b) compensation for the performance of key roles
c) base salary and/or fixed employee or associate remuneration
d) Remuneration and appointments committee
e) Related parties committee
f) Internal control and risk management committee
g) the amount includes the one-off amount paid as a bonus for the successful outcome of the acquisition of 99.99% of Rizzoli Libri S.p.A. and 100% of Banzai Media Holding S.r.l.
h) non-compete agreement for 2016
i) remuneration as member of the Supervisory and Oversight Body