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 2021.

Remuneration paid to directors in 2021

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 2021
31 Dec 2021
18,333.33a
500,000b
518,333.33
Ernesto MauriCEO1 Jan 2021
27 Apr 2021
3,333.33a
370,000b
9,930116,666.67l499,930
Antonio PorroCEO27 Apr 2021
31 Dec 2021
76,666.64a-b
400,000.44c
357,3006,226.22133,333.36l859,579.30149,552.23
Alessandro FranzosiDirector1 Jan 2021
31 Dec 2021
13,333.33a
400,000.04c
240,0006,245.93200,000l859,579.30149,552.23
Paolo AinioDirector1 Jan 2021
27 Apr 2021
3,333.33a3,333.33
Pier Silvio BerlusconiDirector1 Jan 2021
31 Dec 2021
13,333.33a13,333.33
Elena BiffiDirector1 Jan 2021
31 Dec 2021
13,333.33a20,000e
27,000f
60,333.33
Valentina CasellaDirector27 Apr 2021
31 Dec 2021
10,000a10,000o20,000
Francesco CurròDirector1 Jan 2021
31 Dec 2021
13,333.33a13,333.33
Martina Forneron MondadoriDirector1 Jan 2021
27 Apr 2021
3,333.33a3,333.33
Paola Elisabetta GalbiatiDirector27 Apr 2021
31 Dec 2021
10,000a20,00030,000
Patrizia GiangualanoDirector1 Jan 2021
27 Apr 2021
3,333.33a6,666.67g10,000
Danilo PellegrinoDirector1 Jan 2021
31 Dec 2021
13,333.33a13,333.33
Roberto PoliDirector1 Jan 2021
27 Apr 2021
3,333.33a3,333.33
Alceo RapagnaDirector27 Apr 2021
31 Dec 2021
10,000a13,333.33g23,333.33
Angelo RenoldiDirector1 Jan 2021
31 Dec 2021
13,333.33a25,000e
23,000f
23,333.33g
20,000i104,666.67
Mario RescaDirector1 Jan 2021
27 Apr 2021
3,333.33a3,333.33
Chairperson Mondadori Retail S.p.A.1 Jan 2021
31 Dec 2021
120,000a120,000
Cristina RosselloDirector1 Jan 2021
31 Dec 2021
13,333.33a20,000e
2,000f
21,666.67g
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
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 2021
n) in relation to two-years non-compete agreement, as described in Remuneration report 2021 (section II, head 2b)
o) remuneration as Lead Independent Director