Remuneration Information • Apr 1, 2015
Remuneration Information
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pursuant to article 123-ter of Legislative Decree No. 58/98
Issuer: Vianini Lavori S.p.A. Website: www.vianinigroup.it
Year: 2014 Approved by the Board of Directors on 11 March , 2015
Pursuant to Article 123-ter of the CFA the present Report is prepared in accordance with Attachment 3A statement 7-bis.
The report is available at the company's registered office, on the Company's website www.vianinigroup.it and Borsa Italiana in accordance with the procedures established by applicable regulations.
The remuneration of the Directors is established as follows:
No stock option plans were adopted and there are no non-monetary benefits.
The Company has not signed agreements with any Directors which provide indemnity in the case of resignation, dismissal, revocation of office without just cause or termination following a public purchase offer, or agreements which provide for nonmonetary benefits on termination of office and no consultancy contracts have been signed for a period after the termination of office.
No agreements are in place with directors concerning payments for non-competition commitments.
The Board did not set up a Remuneration Committee.
The Board of Directors established an Executive Committee which was delegated powers relating to the analysis and the approval of the deeds more specifically relating to business operations.
The current members of the Executive Committee are the Chairman, the Chief Executive Officer and the Directors Alessandro Caltagirone, Albino Majore and Massimiliano Capece Minutolo. No specific remuneration is established for this committee.
A fixed remuneration is established for the Board of Statutory Auditors, on an annual basis, by the Shareholders' AGM.
No remuneration policy is drawn up for the General Manager.
At the date of the approval of the present report, the Company does not have other Senior Managers with strategic responsibilities as defined by Attachment 1 of Consob Regulation No. 17721 of March 12, 2010 concerning provisions with related parties.
2. Remuneration of the Board of Directors, the General Manager and the members of the Board of Statutory Auditors
The remuneration of the members of the Board of Directors is comprised of:
The Shareholders' Meeting, on appointment, approved for all of the Directors, for the duration of their mandate and for each Board of Directors meeting, a fee of Euro 1,000.
The Board of Directors established, in accordance with Article 2389, third paragraph of the Civil Code, a fixed remuneration, on an annual basis, for the Chairman and the Chief Executive Officer, respectively of Euro 120,000 and Euro 100,000 for the respective offices held.
The Chief Executive Officer receives a fixed remuneration which guarantees sufficient and guaranteed remuneration for the activities carried out.
The remuneration of the members of the Board of Directors generally is not related to the corporate results or the reaching of specific objectives.
The Directors shall be reimbursed for all expenses incurred by them during the course of their duties.
Monetary benefits These are not provided for.
Expenses reimbursement The General Manager shall be reimbursed for all expenses incurred during the course of their duties.
The Shareholders' Meeting on the appointment of the members of the Board of Statutory Auditors approved a fee per annum of Euro 22,500.00 for the Chairman of the Board of Statutory Auditors and Euro 15,000.00 for each standing member.
In the present part, the remuneration is broken down for each member of the Board of Directors, the Board of Statutory Auditors and the General Manager for 2014.
| Fixed Remuneration | Remunerations | Fringe benefits |
Other Emol. |
TOTAL | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| for participation in committees |
|||||||||||
| Name | Office | Period | Expiry | Board Emol. | Attendance Emol. |
Specific office | Employee remunerations |
||||
| Vittorio Di Paola |
President | 01/01/2013- 31/12/2013 |
April 2014 |
||||||||
| Compensation in the company that drafts the financial statements (Vianini Lavori Spa) |
5.000 | 800.000 | 805.000 | ||||||||
| Compensation from subsidiaries and affiliates | - | - | - | - | - | - | - | - | |||
| Total | - | 5.000 | 800.000 | - | - | - | - | 805.000 | |||
| Vice | 01/01/2013- | April | |||||||||
| Mario Delfini | Chairman | 31/12/2013 Compensation in the company that drafts the financial statements (Vianini Lavori Spa) |
2014 | 5.000 | 120.000 | 125.000 | |||||
| Compensation from subsidiaries and affiliates | - | 6.000 | - | - | 10.000 | - | - | 16.000 | |||
| Total | - | 11.000 | 120.000 | - | 10.000 | - | - | 141.000 | |||
| Franco | Managing | 01/01/2013- | April | ||||||||
| Cristini | Director | 31/12/2013 Compensation in the company that drafts the financial statements (Vianini Lavori Spa) |
2014 | 5.000 | 100.000 | 202.007 | 3.115 | 310.122 | |||
| Compensation from subsidiaries and affiliates | 160.000 | 15.000 | - | - | - | - | - | 175.000 | |||
| Total | 160.000 | 20.000 | 100.000 | 202.007 | - | 3.115 | - | 485.122 | |||
| Alessandro | 01/01/2013- | Aprile | |||||||||
| Caltagirone | Director | 31/12/2013 Compensation in the company that drafts the financial |
2014 | ||||||||
| statements (Vianini Lavori Spa) Compensation from subsidiaries and affiliates |
- | 2.000 | - | - | - | - | 80.000 - |
80.000 2.000 |
|||
| Total | - | 2.000 | - | - | - | - | 80.000 | 82.000 | |||
| Massimiliano | |||||||||||
| Capece Minutolo |
Director | 01/01/2013- 31/12/2013 |
April 2014 |
||||||||
| Compensation in the company that drafts the financial statements (Vianini Lavori Spa) |
3.000 | 82.034 | 623 | 85.657 | |||||||
| Compensation from subsidiaries and affiliates | - | - | - | - | - | - | - | - | |||
| Total | - | 3.000 | - | 82.034 | - | 623 | - | 85.657 | |||
| Carlo Carlevaris |
Director | 01/01/2013- 31/12/2013 |
April 2014 |
||||||||
| Compensation in the company that drafts the financial statements (Vianini Lavori Spa) |
5.000 | 5.000 | |||||||||
| Compensation from subsidiaries and affiliates | - | 6.000 | - | - | - | - | - | 6.000 | |||
| Total | - | 11.000 | - | - | - | - | - | 11.000 | |||
| Franco Ceccarani |
Director | 01/01/2013- 31/12/2013 |
April 2014 |
||||||||
| Compensation in the company that drafts the financial statements (Vianini Lavori Spa) |
5.000 | 5.000 | |||||||||
| Compensation from subsidiaries and affiliates | - | - | - | - | - | - | - | - | |||
| Total | - | 5.000 | - | - | - | - | - | 5.000 | |||
| Albino | 01/01/2013- | April | |||||||||
| Majore | Director | 31/12/2013 Compensation in the company that drafts the financial statements (Vianini Lavori Spa) |
2014 | 5.000 | 5.000 | ||||||
| Compensation from subsidiaries and affiliates | - | - | - | - | - | - | - | - | |||
| Total | - | 5.000 | - | - | - | - | - | 5.000 |
| Arnaldo Santiccioli |
Director | 01/01/2013- 31/12/2013 |
Aprile 2014 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Compensation in the company that drafts the financial | |||||||||||
| statements (Vianini Lavori Spa) | 5.000 | 5.000 | |||||||||
| Compensation from subsidiaries and affiliates | - | - | - | - | - | - | - | - | |||
| Total | - | 5.000 | - | - | - | - | - | 5.000 | |||
| Maurizio Urso |
General Manager |
01/01/2013- 31/12/2013 |
revocation | ||||||||
| Compensation in the company that drafts the financial | |||||||||||
| statements (Vianini Lavori Spa) | 232.748 | 3.967 | 236.715 | ||||||||
| Compensation from subsidiaries and affiliates | 25.000 | - | - | - | - | - | - | 25.000 | |||
| Total | 25.000 | - | - | 232.748 | - | 3.967 | - | 261.715 | |||
| Antonio Staffa |
President Statutory Auditor |
01/01/2013- 31/12/2013 |
April 2014 |
||||||||
| Compensation in the company that drafts the financial | |||||||||||
| statements (Vianini Lavori Spa) | 15.000 | 15.000 | |||||||||
| Compensation from subsidiaries and affiliates | - | - | - | - | - | - | - | - | |||
| Total | 15.000 | - | - | - | - | - | - | 15.000 | |||
| Maria | |||||||||||
| Assunta Coluccia |
Statutory Auditor |
01/01/2013- 31/12/2013 |
April 2014 |
||||||||
| Compensation in the company that drafts the financial | |||||||||||
| statements (Vianini Lavori Spa) | 10.000 | 10.000 | |||||||||
| Compensation from subsidiaries and affiliates | 2.000 | - | - | - | - | - | - | 2.000 | |||
| Total | 12.000 | - | - | - | - | - | - | 12.000 | |||
| Vincenzo Sportelli |
Statutory Auditor |
01/01/2013- 31/12/2013 |
April 2014 |
||||||||
| Compensation in the company that drafts the financial | |||||||||||
| statements (Vianini Lavori Spa) | 10.000 | 10.000 | |||||||||
| Compensation from subsidiaries and affiliates | 9.000 | - | - | - | - | - | - | 9.000 | |||
| Total | 19.000 | - | - | - | - | - | - | 19.000 |
The shareholders with holdings as per the shareholder register and the communications received in accordance with Article 120 of the CFA, and other information available at December 31, 2014 are:
SHARES HELD IN THE ISSUER AND ITS SUBSIDIARIES
| NOME | COMPANY | CAT. | HOLDING | NNUMBER OF SHARES HELAD AT 31.12.13 |
OPERATION CODE |
No. of shares purchased |
No. of shares sold |
number of shares held at 31.12.2014 |
|---|---|---|---|---|---|---|---|---|
| CALTAGIRONE ALESSANDRO Director |
VIANINI LAVORI S.p.A. |
ORDIN. | FULL OWNERSHIP RIGHTS |
865.150 | - | - | 865.150 | - |
| VIANINI LAVORI S.p.A. |
ORDIN. | INDIRECT THROUGH SUDSIDIARIES |
- | 865.150 | 865.150 |
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