• The Board of Directors is composed solely of independent directors

The Board of Directors established51 the "Committee for Internal Control and Corporate Governance" in 2000, and renamed it the "Committee for Internal Control, Risks and Corporate Governance" on 1 September 2009.

In line with the best corporate governance practice, the Committee, appointed by the Board of Directors in its meeting on 29 April 2008 (composed of Carlo Angelici, Franco Bruni and Carlo Secchi) and subsequently extended in its meeting on 29 July 2009, effective from 1 September 2009 (with the appointment of directors Cristiano Antonelli and Luigi Roth), is composed solely of independent directors, two of whom are considered by the Board of Directors to be in possession of adequate experience of accounting and finance matters52.

At the Date of the Report, the Committee for Internal Control, Risks and Corporate Governance had the following members:

  • Carlo Secchi (Chairman);
  • Carlo Angelici;
  • Cristiano Antonelli;
  • Franco Bruni;
  • Luigi Roth.

The Secretary of the Board of Directors, Anna Chiara Svelto, acts as Secretary to the Committee.

51 Also in accordance with the recommendations of the Self-Regulatory Code, Principle 8.P.4.
52 Specifically, Directors Bruni and Secchi.