Management remuneration

SEA Group remuneration policy reflects its characteristics as a service company focused on operational performance excellence and on the quality of service offered to customer, aiming to align corporate interests with value creation for shareholders. The remuneration policy is defined in order to attract, motivate and retain highly qualified managerial personnel.
The variable incentive system (MBO), intended for the Group's Management, is consistent with the Business Plan and is designed to implement it. The variable remuneration component recognizes the achieved results by establishing a correlation between performance and remuneration.
The annual targets are predetermined by the budget approved by the Board of Directors and assigned to the positions in relation to areas of performance and responsibility of each role.
The Group's profitability is Management's main objective, shared at all levels, and is the condition of access to the recognition of the individual bonuses. Performance is measured not only on economic and financial terms, but also on achieving department targets linked to indicators of operational excellence and customer service levels.