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In the event the director is a legal entity, remuneration is received by the company
holding such position.
With respect to the relevant significance of variable remuneration with respect to fixed
remuneration, maximum variable remuneration (which accrues annually and is tied to the
obtainment of the Atresmedia Group's global economic targets) is 80% of the fixed salary
of the director receiving it: 50% of the incentive is paid on accrediting compliance with the
annual target, and the other 50% in two years, provided that the director continues to
provide its services at the Group, since that additional percentage is tied to the loyalty
building, seniority and personal commitment of the director vis-à-vis the Company's long-
term targets.
Variable remuneration only depends on the Group's economic results and it is the
maximum percentage of the fixed salary. Accordingly, unforeseen variations are
impossible.
A.2 Information on the preparatory work and the decision-making process to be followed
to determine the remuneration policy and the role performed, where appropriate, by the
Remuneration Committee and other control bodies in the establishment of the
remuneration policy. This information will include, where appropriate, the term of office
granted to the Remuneration Committee, its breakdown and the identity of the external
advisers whose services were used to define the remuneration policy. Likewise, the type of
the directors which, where appropriate, have intervened in the definition of the
remuneration policy will be identified.
In conformity with article 26.10 of the Board of Directors' Regulations, the Appointments
and Remuneration Committee proposes the following to the Board of Directors: (a) The
remuneration policy of directors and senior executives, (b) The individual remuneration of
the executive directors and the remaining conditions of their contracts (c) The basic
conditions of senior executive contracts. It also ensures compliance with the remuneration
policy and informs the Board on the Directors' Annual Remuneration Report.
External advisors have not been recruited to define and develop the general remunerations
policy.
This policy was approved by the Board of Directors, upon the proposal of the
Appointments and Remuneration Committee, which ensures that it is line with market
conditions, the activity sector and with the directors' professional profiles, having also
considered the degree of devotion required for each position, the responsibility assumed
and the professional experience and qualifications required in order to obtain such
remuneration.
The breakdown of the Appointments and Remuneration Committee is as follows:
Chairman:
Mr. Pedro Ramón y Cajal Agüeras
(Independent director)
Deputy Chairman:
Mr. Nicolás de Tavernost
(Non-executive significant shareholder-appointed director)