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Remuneration

The definition of the proposal of the remuneration policy for the members of the Board of Directors is incumbent on Nominations and Remunerations Committee which is appointed by the Board of Directors. This Committee defined the remuneration to be attributed to Directors and members of the Executive Committee, with the purpose that it reflects the performance of each of the members in each year of their term of office (variable annual remuneration), and also their performance during their term of office establishing a variable component which is consistent with the maximisation of the Company’s long term performance (variable multiannual remuneration for a three-year period), thereby guaranteeing the alignment of the performance of the governing bodies with the interests of the shareholders.

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Check the declaration on the remuneration policy approved by Shareholders Meeting.

Know more on EDPR 2015 Annual Report: Remuneration.