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FINANCIAL STATEMENTS AND MANAGEMENT REPORT 2015
Directors and senior executives
During the year, the members of the Board of Directors and other senior executives of the Company, and the individuals
and entities that they represent, did not carry out transactions with the Company or with other Group companies
unrelated to normal trading activity or not on an arm’s length basis.
a) Compensation and other benefits
1. Remuneration of the members of the Board of Directors in 2015 and 2014:
The breakdown of the remuneration earned by members of the Company’s Board of Directors is as follows:
Thousands of euros
2015
2014
Compensation
4,865
4,394
Attendance fees
560
600
5,425
4,994
In addition to the information given in this section, the compensation earned by each director in 2015 is indicated below,
in euros:
Mr.Alejandro Echevarría Busquet –
Chairman of the Board of Directors
Fixed Board compensation:
............................................................................
75,000.00
Attendance fees:
......................................................................................................
72,000.00
Fixed compesation:
.............................................................................................
634,649.52
Variable compensation:
...................................................................................
245,400.00
Total:
.........................................................................................................................
1,027,499.52
Option rights granted:
............................................................................................................
0
Option rights exercised:
.....................................................................................................
0
Mr. PaoloVasile –
CEO
Fixed Board compensation:
..............................................................................
75,000.00
Attendance fees:
......................................................................................................
36,000.00
Fixed compesation:
.............................................................................................
929,695.00
Variable compensation:
...................................................................................
790,800.00
In-kind remuneration:
.................................................................................
21,669.69 (*)
Total:
.........................................................................................................................
1,853,164.69
Option rights granted:
............................................................................................................
0.
Option rights exercised:
......................................................................................
134,500
(*) Excluding the base of the in-kind compensation, 78,725.69 euros