Artículo 9.16. PS 1 Paragraph 9.16

Material information about progress in implementing the strategy (see paragraph 9.5(f) ) could include: (a) an analysis of progress made towards reaching the milestones and achieving the aims, supported by metrics and covering, for example: (i) the aims and the milestones that have been achieved and progress towards those that have not yet been achieved; (ii) progress made in the reporting period and cumulative progress since the beginning of the earliest period covered by the aim or since the last milestone was reached; and (iii) variances—how progress has met, exceeded or fallen short of management’s previous expectations; (b) an explanation of the factors affecting that progress; (c) an explanation of how management has adapted the strategy in response to variances; and (d) an explanation of how incentive schemes for management or other employees are linked to progress in implementing the strategy, covering, for example: (i) whether and how the metrics used to measure progress in implementing the strategy relate to those used to determine incentive payments; and (ii) how and why incentive schemes have changed during the reporting period.