The Compensation Committee is assigned the fol lowing advisory and proactive duties: > to present to the Board of Directors proposals on the pay policy for directors and executives with strategic responsibilities, and periodically assess the adequa cy, overall coherence and concrete application of the policy adopted and draw on the information provi ded by the Chief Executive Officer as regards the im plementation of this policy for executives with strate gic responsibilities; > to present to the Board of Directors proposals for the remuneration of executive directors and other direc tors who have particular roles, as well as proposals on setting the performance-related objectives for the variable part of pay.