The duty of the remuneration committee is to put forward to the board of directors the remuneration plan for chief executive officers or those holding special positions and of the personnel belonging to top management, stock option plans and, at the indication of the chief executive officers, the criteria for establishing the remuneration of the management of CIR.

Members of the remuneration committee, appointed by the Board of Directors of 29 April 2011, are:

• Giampio Bracchi
• Claudio Recchi
• Guido Tabellini