The FCA Bank Group, coherently with its values, manages the remuneration policies processes according to the principles of equity, honesty and cautious risk management, with the purpose of attracting and retaining in the Company employees with appropriate professionalisms and competencies.
The goal is to reach – in the shareholders’ interest – remuneration systems, in line with strategies and company long term objectives, linked to company results, conveniently risk adjusted so to take into consideration all risks, coherent with capitalization levels and liquidity needed to face enterprise activity and, anyhow, such to avoid distorted incentives that could persuade to violation of regulations or to accept too much risks for the Bank.
The FCA Bank Group approach is based on a balanced package of fixed and variable elements, acting on the motivation and retention of employees and guaranteeing fairness and the consistency of the remuneration systems:
- Fixed remuneration is the most relevant component; it remunerates the role and responsibilities covered, reflecting the experience and skills of each human resource.
- Variable remuneration is related to the achieved results, linking the remuneration with the short and long term performance, in order to strengthen the alignment between the shareholders and management/employees interests.
For more details see the document "2017 Remuneration Policy" of the FCA Bank Group.