Board of Directors
The Board of Directors plays a central role in the Company's governance structure. Management of the Company is the exclusive responsibility of the Directors, who shall carry out the actions necessary to achieve the corporate purpose.
In line with the recommendations set forth by the Italian Corporate Governance Code, the Board of Directors approved in February 2021 specific Regulations defining the role, composition and functioning of the Board itself, including the procedures for scheduling, convening and holding its meetings, as well as for drafting the relevant minutes. Furthermore, the Regulations of the Board of Directors set forth procedures for managing the information to be provided to Directors, also considering the role assigned in this respect to the Chair of the Board of Directors and to the Secretary of the Board itself, as well as confidentiality obligations related to information received in connection with Board meetings. Finally, specific provisions are laid down with regard to the self-evaluation process carried out by the Board of Directors, to the Board induction programme and to the contingency plan drawn up for the role of Chief Executive Officer.
The current Board of Directors was appointed by the Shareholders' Meeting of May 14, 2020 for a term of three financial years. The Board's mandate will therefore expire with the Shareholders' Meeting to be convened for the approval of the financial statements for the year ending December 31, 2022.
(1) Independent Director pursuant to articles 147-ter paragraph 4, and 148 paragraph 3 of the Consolidated Financial Act, as well as to Recommendation 7 of the Italian Corporate Governance Code.
Last update: March 6, 2023