General Remuneration policy

The Company defines and applies a General Remuneration Policy to attract, motivate and retain people who possess the professional qualities required to profitably achieve the Group’s objectives.

The Policy is defined in a way which aligns the interests of Management with those of shareholders, pursuing the primary goal of creating value in a way which is sustainable in the medium to long term through creation of strong links between remuneration, individual performance and Group performance.

The Policy was defined in a clear, transparent process in which a central role was played by the Remuneration Committee and the Company’s Board of Directors.

At the end of this Report the reader will find not only the Company’s General Remuneration Policy for 2011 but a Report on Remuneration in 2010.