In particular, the variable remuneration for the Chief Executive Officer/General Manager is made up of: > a short-term variable component (MBO) which considers both internal financial indicators (such as consolidated net income from continuing operations, the ratio between operating cash flows (FFO – Funds from Operations) and net financial debt, and value of consolidated cash cost), and non-financial indicators (such as occupational health and safety); > a long-term variable component (LTI) which considers both Enel’s average TSR (Total Shareholder Return) com pared to the average TSR of the EURO STOXX Utilities EMU index over a lated ROACE (Return on Average Capital Employed) for the same 3-year period.