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Remmuneration program 2006

Remmuneration program 2006. Claudine Laake Julien Dal Palu Estafania Molina Alvarez Patricia Villa Velasco. The Remuneration Committee :. Consists of at least 3 members and the number of CEO’s is limited to ensure sufficiently independence of the committee

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Remmuneration program 2006

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  1. Remmunerationprogram 2006 ClaudineLaake Julien Dal Palu Estafania Molina Alvarez Patricia Villa Velasco

  2. The Remuneration Committee: • Consists of at least 3 members and the number of CEO’s is limited to ensure sufficiently independence of the committee • Has control of all aspects of the engagement of specialist remuneration consultants • Integrates all components that support the objectives of the company ( short-term and long-term-components and financial targets and non- financial targets and other relevant information like peer group benchmarking) • Communicates with the shareholders, provide them with full disclosure and seek input from them.

  3. Remuneration Plan Design • Appropriate balanced structure. • Each plan tailored to the unique circumstances of the market and of the firm.

  4. Compensation plans : • Cash and Short-term incentives • Equity and Long-term incentive tools • Performance-basedMethodologies • Post Employment and Other Benefits

  5. Employmentcontracts -> strictlylimited -> maximunduration -> automatics basis • Disclosures -> Committeeistheoneresponsible -> done onan anual basis -> Presentedonanspecific place, clearlyandeasilyunderstood

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