Lead independent director

In November 2005, to further extend the role of the independent directors, the Board of Directors decided to introduce a Lead Independent Director.

The Lead Independent Director (identified as Independent Director Carlo Secchi, Chairman of the Committee for Internal Control, Risks and Corporate Governance) is the key figure for coordination of the requests and contributions made by independent directors.

In this role, the Lead Independent Director has the option of calling meetings of independent directors specifically to discuss the issues considered of interest in relation to the functioning of the Board of Directors or management of the company.

The Lead Independent Director serving as of the Date of the Report attended all meetings of the Board of Directors and the Committee for Internal Control and Corporate Governance.