The process related to the definition, adoption and implementation of the Remuneration Policy takes into account the delegation of authorities of the various corporate bodies and functions involved and aims at ensuring that each delegated corporate body or function fully exercises the responsibilities defined by external regulations, the articles of association or internal regulations.

The Remuneration Policy is reviewed by doValue’s Board of Directors based on a proposal from the Appointments and Remuneration Committee and is later submitted for approval to the Shareholders’ Meeting in line with the requirements of the current regulatory framework. The Group Human Resources Function examines the Policy at least annually and eventually makes a proposal to revise this document. In making the proposal, the Function considers, in particular, the evolution of the market, strategies and risk profile, liaising to that end with the competent Functions and Corporate Bodies, which provide their contribution to the process according to their respective remits as described in more detail below.