The Remuneration Policy described in the first section of the Report has been prepared in line with the recommendations on remuneration of the Italian Corporate Governance Code for listed companies, in the version last approved in July 2018, which Eni adopted, as well as with recent recommendations by the Corporate Governance Committee.
The two sections of the Report are preceded by an Executive Summary in order to provide a prompt overview of the key elements of the Policy approved for the new term.
The Executive Summary also provides some additional information on the context in which remuneration choices have been made (with reference to the performance measures used to support the policies set out in the Company’s Strategic Plan, performance indicators, including sustainability objectives, the results of the vote on the Remuneration Report at last Shareholders’ Meetings).
Finally, the Report lists the shareholdings held by Directors, Statutory Auditors, Chief Executive Officer and General Manager and other Managers with strategic responsibilities and explains how the terms of the 2017-2019 Long Term Incentive Plan were applied in 2019, in accordance with applicable regulation.
The Report on remuneration policy and remuneration paid, together with the Consob Informative Documents regarding the new 2020-2022 LTI share based Plan, subject to Shareholders’ Meeting approval on May 13, 2020, the 2017-2019 Long Term share based Incentive Plan and the 2014-2016 Long Term Monetary Incentive Plan.