Executive Compensation

The CEO’s short-term incentives are paid in accordance with performance indicators (e.g. cash flow, EBITDA and revenues, etc. for the concerned year) and comprehensive appraisal criteria that consist of contributions made to business performance (e.g. attainment of strategic tasks). Long-term incentives are calculated according to business performance over a three-year period and are paid every three years in consideration of sales growth rates, share price, and TSR¹⁾ disparities.

¹⁾ TSR (Total Shareholder Return): Total rate of returns for shareholders during a specific period of time