The Board, at the proposal of the Remuneration Committee, approved on 23 February 2012 the Remuneration Policy for Directors and key management personnel in compliance with principle 6.P.4 of the Corporate Governance Code for listed companies.
The Remuneration Policy was confirmed during the Board Meetings held on 27 February 2015 and submitted to the advisory vote of the Shareholders Meeting.
For a description of the Remuneration Policy please refer to the Remuneration Report issued pursuant to article 123-ter of the Consolidated Law on Finance.
During 2014 is terminated the share-based remuneration plan (stock options) in place for Piaggio Group managers, approved by the Shareholders meeting of 7 May 2007, as subsequently modified by the Shareholder meeting of 16 April 2010 (“2007-2009 Stock Option Plan”), as all effects have ceased following the exercise of all Stock Options granted and that have not expired.
For further information, please refer to previous information about the Plan in previous updates to the Informative Document.
The Company approved an incentive plan for executives of Piaggio and of its Italian and/or foreign subsidiaries, in compliance with article 2359 Italian Civil Code, as well as for directors having powers in the subsidiaries. The Plan is considered as terminated, as all effects have ceased following the exercise of all Stock Options granted and that have not expired.
|Stock Options Document|
|January - 2015|
|March, 24 - 2014|
|September, 30 - 2012|
|August, 4 - 2010|
|January, 25 - 2010|
|May, 20 - 2009|
|March, 3 - 2009|
|October, 7 - 2009|
|August, 5 - 2008|
|September, 14 - 2007|