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14 April 2020

Supervisory board members waive part of their remuneration

In order to ease the financial impact of the COVID-19 epidemic, all the members of the Sava Re supervisory board and all the external members of supervisory board committees of Sava Re have decided to waive 30% of their remuneration relating to their memberships of the Company’s bodies. The waiver of 30% of remuneration is valid from the beginning of March 2020 up until the end of the month in which the epidemic in the Republic of Slovenia is declared over.

The example was followed by the members of the supervisory boards and external members of supervisory board committees of the other Slovenian members of the Sava Insurance Group who are remunerated for performing their roles.

As a rule, employees of the Sava Insurance Group who, as shareholder representatives, serve on supervisory boards of Sava Insurance Group members receive no remuneration for performing their roles in supervisory bodies.