The Management Board, having taken account of any proposals from the Remuneration Committee in those cases where it is required by the regulations in force, also determines the remuneration of the Senior Management of UBI Banca and all personnel belonging to the “Material Risk Taker” perimeter and indicates the amount of the remuneration for Senior Management and Personnel belonging to the Material Risk Taker perimeter of subsidiary companies to be submitted to the Boards of Directors of those companies.