In accordance with the Electrica’s Corporate Governance Code, the Nomination and Remuneration Committee (NRC) established within the Board of Directors has the following responsibilities in terms of remuneration: y Formulates recommendations to the BoD regarding the Company’s remuneration, incentive and compensatory payments policies; y Advises the members of the BoD on the structure of the remuneration framework for directors; y Makes recommendations to the Board regarding the remuneration of the CEO and other senior executives, inclusively on the main components of remuneration, performance objectives and evaluation methodology; y Makes recommendations to the BoD on the remuneration of the members of the board of directors of the subsidiaries and the general remuneration limits for the management of subsidiaries; y Monitors the remuneration trends in industries relevant to the Group.