In order to attain challenging targets and continue to be a competitive player in the financial market, we must avail ourselves of highly qualified and motivated personnel who act in accordance with the ethical principles for sustainable business.
This policy is defined by the Parent Company with the aim of aligning the conduct of management and staff with the interests of all stakeholders, guiding their action towards the achievement of sustainable medium to long-term objectives – including sustainable finance objectives that take into account, amongst others, environmental, social and governance (ESG) factors, within the framework of prudent current and prospective risk-taking.
Banca Ifis Group’s remuneration and incentive system is based on the following principles:
- Promote sound, effective risk management, which does not encourage the assumption of risks exceeding the tolerated risk level;
- Promote the Group’s competitiveness and good governance of the Group, attract and retain individuals with professionalism and skills appropriate to the needs of the Group, in particular if they hold relevant roles in the company organization;
- Promote compliance with all legal and regulatory provisions, as well as transparency and fairness in relations with customers, discouraging any violation and/or unfair commercial practice;
- Make corporate objectives consistent with the Group’s sustainable growth objectives;
- Search for the best alignment between the interests of the various stakeholders;
- Focus attention on risk containment policies;
- Avoid altering or undermining the risk alignment effects inherent in remuneration mechanisms;
- Avoid creating conflict of interest situations.
