Board of directors
The company is administered by the Board of Directors and consists of 11 members, 6 of which are independent. Directors may remain in office for no longer than three financial years and are appointed and can be re-elected at the Shareholders’ Meeting. The mandate of the current board will expire at the approval of the financial statements as of 31 December 2019.
The board has the power to undertake any action it considers opportune in order to carry out and achieve the company’s objectives.
The Honorary Chairman of CIR is the company’s founder Carlo De Benedetti.
Composition of the board of directors
: Independence (Code of Conduct and TUF): indicates whether a director can be qualified as independent based on the criteria established by the Code of Conduct (July 2015 edition) and by art. 148 paragr. 3 of the TUF. The Shareholders’ Meeting held on April 28 2017 set 11 as the number of members of the Board of Directors. The Board of Directors meeting held on April 27 2018 checked the existence of the requisites of independence set out in the Code of Conduct.