We have adopted a remuneration system that can attract, retain and motivate highly qualified resources, in compliance with the principles of financial sustainability and sound and prudent risk management.
In order to attain challenging targets and continue to be a competitive player in the financial market, we must avail ourselves of highly qualified and motivated personnel who act in accordance with the ethical principles for sustainable business.
The remuneration and incentive policy is defined by the Parent Company in order to attract, motivate and retain people holding the professional qualities required to profitably pursue, in accordance with corporate values and according to a policy of prudent risk management, the short and/or medium-long term objectives, related to the Group’s strategic objectives, thus contributing to achieving results aimed at strengthening the operational, economic and financial solidity of the Company in the long term and safeguarding the sustainability of the Banca Ifis Group.
Banca Ifis Group’s remuneration and incentive system is based on the following principles:
The corporate bodies that prepare and approve the remuneration and incentive policies are:
The remuneration policies were updated by the Shareholders’ Meeting of 28 April 2022. In light of the positive results of last year’s Shareholders’ Meeting vote, Banca Ifis decided to submit a remuneration policy for the year 2022 to the Shareholders’ Meeting that is essentially consistent with the past, except for new legislation envisaged in particular by the Supervisory Provisions in transposition of the CRDV (Directive 2019/878/EU). Therefore, among the main changes introduced by the Group’s remuneration and incentive policies for 2022, the following should be noted: