Chairman

The Chairman is vested by the bylaws with the powers to represent the Company and to sign on its behalf, presides over Shareholders’ Meetings, convenes Board of Directors meetings, establishes their agenda, presides over them, and endeavors to ensure that the documentation related to the items on the agenda is circulated to the Directors and Statutory Auditors in due advance prior to the date of each meeting, and ascertains that the Board resolutions are carried out. The Chairman is also vested, according to a Board resolution adopted on May 23rd 2014, with the powers to supervise audit activities (although the head of that function continues to report hierarchically to the Board of Directors), to drive and oversee the application of corporate governance rules concerning the running of the Board of Directors, and to maintain, in agreement and coordination with the Chief Executive Officer, relations with institutional bodies and authorities.

Last updating as of: May 26, 2014

CO2 Neutral