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Aerostar S A : Remuneration policy for the management structure of AEROSTAR SA Bacau (item 5 on the agenda)
Aerostar S A : Remuneration policy for the management structure of AEROSTAR SA Bacau (item 5 on the
About this update from Aerostar Sa
[{"type":"text","content":"REMUNERATION POLICY FOR THE MANAGEMENT STRUCTURE OF\n AEROSTAR SA Bacău\n 1. SCOPE, VALIDITY AND APPLICABLE LEGAL FRAMEWORK\n 1.1. Scope\n 1.1.1. This Remuneration Policy establishes the principles governing the remuneration of the administrators and directors of AEROSTAR S.A.\n 1.1.2. The Remuneration Policy is based on the following key principles:\n (a) To contribute to the successful implementation of the Aerostar S.A. strategy in the short, medium, and long term;\n (b) To ensure the appropriate involvement of the shareholders in setting the remuneration policy and monitoring its implementation;\n (c) To contribute to promoting Aerostar S.A.'s mission and values;\n (d) To prevent situations of conflict of interest;\n (e) To provide the necessary and flexible tools to remunerate the directors in line with their responsibilities, competencies, and performance;\n (f) To ensure compliance with the applicable legal requirements.\n 1.2. Validity\n This Remuneration Policy is valid for a period of 4 years, starting from the date of approval in AGOA (April 24, 2025 - April 23, 2029).\n The first remuneration policy was approved in the AGOA of April 21, 2021.\n 1.3. Applicable legal framework\n This Policy has been formulated taking into account the following normative acts:\n (a) Law 31/1990 on Companies, as subsequently amended and supplemented;\n (b) Law 24/2017 on issuers of financial instruments and market operations, as subsequently amended and supplemented.\n 2. DEFINITIONS\n The terms below will have the following meanings throughout the procedure:Administrators\n Members of the Board of Directors of Aerostar S.A. who carry out their activities based on a management (mandate) agreement.\n AGOA\n The Ordinary General Meeting of Shareholders of Aerostar S.A.\n ARS\n AEROSTAR, a shareholding company, a Romanian legal person with the head office in Bacau, 9, Condorilor Street, Bacău County, Romania, unique registration number 950531, registration number in the Trade Register J/04/1137/1991, whose shares are accepted for transactions on the regulated market administered by the Bucharest Stock Exchange.\n CA\n The Board of Directors of Aerostar S.A.\n Advisory Committees\n Committees organized within CA in accordance with the provisions of art. 1402,\n Law 31/1990.\n Special Committees\n Special committees operating within Aerostar...