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 2023.

Remuneration paid to directors in 2023

Name and surnameOfficePeriod for which the position was heldBase payCompensation for participation in committeeBonuses and other incentivesNon-monetary benefitsOther compensationTotalFair value of equity remunerationSeverance pay (office or employment)
Marina BerlusconiChairperson1 Jan 2023
31 Dec 2023
20,000a
500,000b
520,000
Antonio PorroCEO1 Jan 2023
31 Dec 2023
115,000a-b
400,000c
544,6086,547.27200,000l1,266,155.27381,633.12
Alessandro FranzosiDirector1 Jan 2023
31 Dec 2023
15,000a-b
400,000c
250,0004,875.83200,000l869,875.83286,224.84
Pier Silvio BerlusconiDirector1 Jan 2023
31 Dec 2023
15,000a15,000
Elena BiffiDirector1 Jan 2023
31 Dec 2023
15,000a20,000e
20,000f
55,000
Valentina CasellaDirector1 Jan 2023
31 Dec 2023
15,000a10,000o25,000
Francesco CurròDirector1 Jan 2023
31 Dec 2023
15,000a15,000
Paola Elisabetta GalbiatiDirector1 Jan 2023
31 Dec 2023
15,000a10,00025,000
Danilo PellegrinoDirector1 Jan 2023
31 Dec 2023
15,000a15,000
Alceo RapagnaDirector1 Jan 2023
31 Dec 2023
15,000a20,000g35,000
Angelo RenoldiDirector1 Jan 2023
31 Dec 2023
15,000a25,000e
10,000f
25,000g
20,000i90,000
Cristina RosselloDirector1 Jan 2023
31 Dec 2023
15,000a20,000e
20,000g
40,000

KEY
a) emoluments approved by the competent bodies
b) compensation for the performance of key roles
c) base salary and/or fixed employee
e) Remuneration and appointments committee
f) Related parties committee
g) Control, Risk and Sustainability Committee
i) remuneration as member of the Supervisory and Oversight Body
l) non-compete agreement for 2023
o) remuneration as Lead Independent Director