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Report on operations

The articles of association require the Board of Directors to meet once a month and
in any case whenever the Chairman deems appropriate or once requested by the
Chief Executive Officer .or by at least one third of its members or by the Board of
Statutory Auditors.
In 2015 the Board of Directors held a total of twelve meetings, six of which in
the three members composition as appointed by the Shareholders’ Meeting of 19
September 2014, and other six in the five members composition as appointed by the
Shareholders’ Meeting of the 30 June 2015.
Board Committees
The Remuneration Committee was set up by a Board resolution of the 7 July 2015
with the task of making recommendations to the Board of Directors for determining
remuneration pursuant to the provisions of Paragraph 3 of Article 2389 of the Civil
Code and, whenever deemed useful, upon request of the Chief Executive Officer,
acting with advisory function on the top management remuneration and incentives
policy.
The duration of the Committee is aligned with the duration of the Board of Directors,
it is made up of no less than three Directors.As determined by the Board of Directors,
the Committee reports to the Board of Directors.
Currently, members of the Remuneration Committee are Alessandro Tonetti as
Chairman, and Maria Teresa Di Matteo and Nicola Maione as members.
Pursuant toArticle 19 of the articles of association, the members of the Remuneration
Committee are additionally paid with an amount equal to 30% of the non-executive
Director remuneration.

ENAV - Annual financial report 2015 13