Remuneration for the Directors has been determined by the Shareholders’ Meeting as a fixed amount of 15,000 euro per Director (20,000 euro for the Chairman).

 

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 Performance Share plan, whose implementation is conditional on the pursuit of specific, annual economic-financial performance objectives. Non-executive directors are not beneficiaries of the Performance Share plan. There are no incentive plans based on stock options.

The table below indicates the remuneration paid to members of the Board of Directors in 2020.

Remuneration paid to directors in 2020

Name and surnameOfficeTerm of officeBase payCompensation for participation in committeeBonuses and other incentivesNon-monetary benefitsOther compensationTotalFair value of equity remunerationSeverance pay (office or employment)
Marina BerlusconiChairperson1 Jan 2020
31 Dec 2020
15,000a
500,000b
515,000
Ernesto MauriCEO1 Jan 2020
31 Dec 2020
10,000a
1,100,000b
290,000 9,930350,000g1,759,930 577,487 800,000i
Paolo AinioDirector1 Jan 2020
31 Dec 2020
10,000a10,000
Pier Silvio BerlusconiDirector1 Jan 2020
31 Dec 2020
10,000a10,000
Elena BiffiDirector1 Jan 2020
31 Dec 2020
10,000a20,000d
2,000e
32,000
Francesco CurròDirector1 Jan 2020
31 Dec 2020
10,000a10,000
Alessandro FranzosiDirector14 May 2020
31 Dec 2020
 6,311a
229,824c
69,0674,543116,667426,41191,416
Patrizia GiangualanoDirector1 Jan 2020
31 Dec 2020
10,000a20,000f30,000
Martina Forneron MondadoriDirector1 Jan 2020
31 Dec 2020
10,000a10,000
Danilo PellegrinoDirector1 Jan 2020
31 Dec 2020
10,000a10,000
Roberto PoliDirector1 Jan 2020
31 Dec 2020
10,000a10,000
Oddone PozziDirector1 Jan 2020
22 Apr 2020
3,087a
178,682c
4,579186,348 700,000i
Angelo RenoldiDirector1 Jan 2020
31 Dec 2020
10,000a25,000d
3,000e
20,000f
20,000h78,000
Mario RescaDirector


Chairman of Mondadori Retail S.p.A

1 Jan 2020
31 Dec 2020


1 Jan 2020
31 Dec 2020

10,000a


120,000a

10,000


120,000

Cristina RosselloDirector1 Jan 2020
31 Dec 2020
10,000a20,000d
2,000e
25,000f
57,000

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) non-compete agreement for 2019
h) remuneration as member of the Supervisory and Oversight Body
i) in relation to two-years non-compete agreement, as described in Remuneration report 2020 (section II, head 2b)