Montebalito outlines conservative, internally set pay policy for directors

The latest update is out from Montebalito ( (ES:MTB) ).

Montebalito has detailed its directors’ remuneration policy for the 2025 financial year, confirming that the General Shareholders’ Meeting approves the policy based on a report from the Board of Directors. The company states that no comparable peers were used to benchmark pay levels, no external advisers participated in designing the remuneration scheme, and the current policy does not allow for temporary exceptions or special clauses for variable pay, underscoring a relatively simple and internally driven pay framework for directors.

The report also explains that the policy governs both compensation for board membership and any executive functions, aiming to balance fixed and variable elements while aligning with long-term objectives, values and risk considerations. However, the document notes that there are no specific mechanisms such as vesting or deferral-based exceptions built into the current framework, suggesting a conservative and straightforward approach to director incentives that may limit flexibility in response to changing market or risk conditions.

More about Montebalito

Montebalito, S.A. is a listed Spanish public limited company based in Las Palmas de Gran Canaria. It operates under a governance structure in which director remuneration policies are approved by the General Shareholders’ Meeting following a report from the Board of Directors.

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