Page 25 - MEDIASET ESPAÑA / 2013. Corporate Responsibility Report
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25
CORPORATE RESPONSIBILITY REPORT 2013
executive directors may receive stock options, dependant
on the fulfilment of other performance objectives
established to this end. Indicators related to variable
remuneration are approved by the Board of Directors,
subject to a prior favourable report by the Appointments
and Remuneration Committee.
Three objectives were set by the Board of Directors for
the managing directors in 2013, assigning each objective a
percentage weighting:
The managing director who also holds the position of
general manager is entitled to a bonus of up to 50% of
his/her fixed remuneration. 36% of this figure is subject
to the achievement of individual objectives, 36% to the
achievement of corporate objectives and 28% to the
director’s performance evaluation.
Another area in which Mediaset España has made
progress in the integration of the CNMV governance
recommendations concerns Board member dedication. In
this respect, the necessary measures have been taken to
ensure that Board members devote the time and effort
needed to their duties to ensure that they are efficiently
carried out. to this end, rules have been established
concerning the number Boards that the Mediaset España
directors can be members of.
The limits are set based on the type and characteristics
of each of the Board member categories. The rules for
executive directors and nominee directors are more
restrictive and the number of Boards of directors to
which they may belong is lower than for other director
categories, there also being limits on the number of Boards
they may belong to within the companies of the Mediaset
Group. The involvement of independent directors in
other Boards is linked to their own director category,
distinguishing whether they are nominee, executive or
independent directors, with limits varying on this basis.
All information concerning corporate governance issues
is available in greater detail in the Annual Corporate
Governance Report and the investor portal of the
Company’s web site, which can be accessed through this
link:
50%
25%
25%
Advertising income
Consolidated Group
EBIT
Free cash flow
