Remuneration

Enel's remuneration policy is consistent with the recommendations of the Corporate Governance Code. Such policy is aimed at attracting, keeping and motivating those persons that have the skills to manage successfully the Company, aligning their remuneration with market standards, in order to ensure an adequate level of competitiveness on the labor market.

The remuneration of the Chief Executive Officer/General Manager and of the Executives with strategic responsibilities is defined so as to align their interests with the priority objective of creating value for Enel's shareholders over the medium-long term, ensuring that the remuneration is based upon results effectively achieved by the persons in question and by the Group as a whole.

The remuneration policy applicable to such persons is therefore aimed at enhancing sustainable performance.
Such policy is also structured so as to guarantee an adequate balance between fixed and variable components and, with regard to variable components, between short-term and medium/long-term components, in order to ensure equilibrium between such components and the implementation of conducts in line with the sustainable performance of the Group.

The remuneration of non-executive Directors, in accordance with the recommendations of the Corporate Governance Code, is linked with the commitment required of each of them, also taking into account their respective participation on one or more committees established within the Board of Directors.

The policy is described in the first section of the Report on the remuneration policy and compensations paid approved by the Board of Directors of Enel, upon proposal of the Remuneration Committee, and made available to the public pursuant to article 123-ter of Legislative Decree No. 58/1998. The first section of such Report is submitted to the Shareholders' Meeting for a binding vote according with the combined provisions of paragraphs 3-bis and 3-ter of Article 123-ter of Legislative Decree no. 58 of February 24, 1998.

The Report also provides in the second section - submitted to the Shareholders' Meeting for a non-binding vote pursuant to the paragraph 6 of Article 123-ter of Legislative Decree no. 58 of February 24, 1998 - information on the compensation paid to Directors, to the General Manager, to Executives with strategic responsibilities and to the regular Auditors.

Last update: May 2, 2020

Archive of the report remuneration

Report on the remuneration policy for 2020 and compensations paid in 2019 – updated text

PDF (1.5MB) Download

Report on the remuneration policy for 2020 and compensations paid in 2019 – changes in evidence with respect to the text of April 2, 2020

PDF (1.52MB) Download

Remuneration Report 2019

PDF (1.28MB) Download

Remuneration report 2018

PDF (1.26MB) Download

Remuneration report 2017

PDF (0.0MB) Download

Remuneration report 2016

PDF (0.96MB) Download

Remuneration report 2015

PDF (1.07MB) Download

Remuneration report 2014

PDF (0.81MB) Download

Remuneration report 2013

PDF (0.63MB) Download

Remuneration report 2012

PDF (0.43MB) Download
This site uses both first and third party analytics and profiling cookies to send you advertisements tailored to your personal preferences. By closing this banner, scrolling down this page, clicking on a link or continuing to navigate the site in any other way, you are consenting to the use of cookies. If you would like more information or wish to withdraw your consent to all or certain cookies, then please consult our cookie policy. Accept and close