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CONSOLIDATED FINANCIAL STATEMENTS AND CONSOLIDATED MANAGEMENT REPORT 2015
26.2. Remuneration of directors
The Company’s Board members earned total remuneration of 5,425 thousand euros and 5,585 thousand euros in 2015
and 2014, respectively, in the form of salaries and other compensation in kind.
The Company has not granted the directors any advances or loans and it does not have any pension or other obligations
to them.
At December 31, 2015, the most significant information on the share options granted by the Company to its directors
is summarized as follows:
Number of share
options
Number of share
options exercised
Number of outstanding
options/shares
Total Board of Directors
656,275
534,125
122,150
Options granted in 2010
433,250
433,250
-
Options granted in 2011
223,025
100,875
122,150
Other disclosures on the Board of Directors
Insofar as article 229 of the Capital Companies Law, management has communicated that they do not have any conflicts
of interest with the Company.
26.3. Compensation to key management personnel
Compensation paid to General Directors of the Company and individuals who discharge similar functions, excluding
those who are also members of the Board of Directors, is summarized as follows:
Number of persons
Total compensation
(Thousands of euros)
2015
2014
2015
2014
21
21
7,511
7,459
A list of the key management personnel is included in the accompanying Corporate Governance report.The
remuneration consists of a fixed amount and a variable amount.The variable remuneration is determined by applying
a percentage to the fixed remuneration in each case, based on the extent to which certain annual targets are met.
In 2014 and 2015, management was not assigned share options.