The Remuneration Policy of Mondadori Group provides that the remuneration package of the Executive Directors (CEO and CFO) and the Key Management Personnel meet the following minimum requirements:

  • The weighting of the fixed component may not exceed 70% of total remuneration.
  • The variable component by target accounts for at least 30% of total remuneration:
    • the short-term variable remuneration by target may not exceed 75% of the total variable;
    • the long-term variable remuneration (LTI) by target may not be less than 25% of the total variable.

The Remuneration Policy is approved and defined by the Board of Directors upon proposal by the Remuneration and Appointments Committee.
The Policy sets forth principles and guidelines that must be respected in its definition and implementation. This is the responsibility of the following figures:

  • the Board of Directors, for the remuneration of Executive Directors and other Directors who have been appointed to key positions,
  • the Chief Executive Officer, who is supported by the Department of Human Resources and Organisation, for the remuneration of Key Management Personnel.

The Policy sets forth principles and guidelines that must be respected in its definition and implementation. This is the responsibility of the following figures:

  • the Board of Directors, for the remuneration of Executive Directors and other Directors who have been appointed to key positions,
  • the Chief Executive Officer, who is supported by the Department of Human Resources and Organisation, for the remuneration of Key Management Personnel.

Incentive plans

Name and surnameOfficeBonuses and other incentivesNon-monetary benefitsOther remunerationFair value of financial instruments accrued during the yearSeverance pay (office/employment)
Ernesto MauriCEO 290,000 9,930 350,000 577,487 800,000
Oddone PozziCFOa 4,579 700,000
Alessandro FranzosiCFOb 69,067 4,543 116,667 91,416
Key management personnel 5 people in office at 31 December 2020470,60043,239 266,244

ain office until 22 April 2020
bin office since 14 May 2020