Annual Accounts and Report as at 30 June 2011 Draft - Mediobanca

Remunerations committeeIndependent (Code) Independent (Finance Act)Remunerations committee***Angelo Casò (Chairman) X XTarak Ben Ammar X XRoberto Bertazzoni X XVincent BollorèJonella LigrestiXXRenato PagliaroCarlo PesentiX* Independent as defined in Code of conduct for listed companies.** Independent as defined in Article 148, para. 3 of Italian Legislative Decree 58/98.The Committee is made up seven non-executive members, with duties ofconsultation and enquiry to determine the remuneration of Directors vested withparticular duties and the General Manager, as well as on the remuneration andstaff retention policies operated by the Group.Although the “independent” component of the committee is not in linewith the Code of conduct’s recommendations, this is not considered to be anobstacle to objective, balanced assessment of the activities performed by thecompany’s management and their subsequent remuneration.The Chairman of the Statutory Audit Committee, the Managing Directorand the General Manager take part in meetings of the Remunerations Committee(the latter two in an advisory capacity).The Committee met six times in the period from 1 July 2010 to 30 June 2011.554 –