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Directors and Auditors compensation

Compensation to non-executive directors and statutory auditors 

 

The remuneration of non-executive directors and members of the Board of Statutory Auditors of UniCredit:

  • is represented only by a fixed component
  • determined on the basis of the importance of the position and the time required for the performance of the tasks assigned.

 

The compensation paid to non-Executive Directors and Statutory Auditors is not linked to the economic results achieved by the Group and they do not take part in any incentive plans based on stock options or, generally, based on financial instruments.

 

Chief Executive Officer compensation

 

 

The Chief Executive Officer is the only executive director on the Board and an employee of the company. For 2023 the CEO's fixed remuneration has been increased from €2.5 million to €3.25 million, total target remuneration remains unchanged at €7.5 million, and any over-performance can be recognized up to a maximum total comp of €9.75 million, based on performance achievements according to 2023 Group Incentive System rules.

Compensation paid for the year 2022

 

The Annex 1 to 2023 Group Remuneration Policy and Report contains the compensation paid to members of the administrative and auditing bodies.

 

 

Updated on 01 March 2023.