Source: Unicredit
The UniCredit Remuneration Committee, which met today, acknowledged the decision of UniCredit top management to waive their entire bonus for the year 2020.
The equivalent amount will be contributed to UniCredit Foundation to support social initiatives. The Committee welcomed and appreciated the responsible managerial decision, considering the uncertain impact on the European economy of the current COVID-19 epidemic and its evolution over the next months.
"The decision taken by UniCredit's top management is another good demonstration of the Group's commitment to doing the right thing" said Lamberto Andreotti, Deputy Chairman of the UniCredit Board of Directors and Chairman of the Remuneration Committee.