Board Committees

The Committees set up in the Board are entrusted with investigation, advance and/or consultation in relation to issues particularly requiring in-depth study to ensure effective, informed discussion of opinions.

In Pirelli, in line with best practices, it is consolidated practice for the Board to officially define the specific committee's tasks and powers when setting it up (in a written charter) and publish them on the Company's website, reporting on them in this Report.

The Board of Directors set up two committees in its next meeting (29 April 2008): the Committee for Internal Control, Risks and Corporate Governance44 and the Remuneration Committee. The Committees are made up entirely of independent directors. The composition of Board Committees is shown in Table no. 4.

44 Name effective from 1 September 2009, replacing the previous name of "Committee for Internal Control and Corporate Governance".