Board of Directors
The company is administered by the board of directors, which as of 29 April 2011 consists of 12 members, seven 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 2013.
The board has the power to undertake any action it considers opportune in order to carry out and achieve the company’s objectives.
Composition of the board of directors
| Name | Position | Exec/non-exec | Independence (Code of Conduct) | Independence TUF |
|---|---|---|---|---|
| Carlo De Benedetti | Honorary Chairman & Director | Non exec | ||
| Stefano Micossi | Chairman | Non exec | ||
| Rodolfo De Benedetti | CEO | Exec | ||
| Dominique Senequier | Director | Non exec | x | x |
| Michael Pistauer | Director | Non exec | x | x |
| Silvia Giannini | Director | Non exec | x | x |
| Maristella Botticini | Director | Non exec | x | x |
| Giampio Bracchi | Director | Non exec | x | x |
| Franco Debenedetti | Director | Non exec | ||
| Franco Girard | Director | Non exec | ||
| Claudio Recchi | Director | Non exec | x | x |
| Guido Tabellini | Director | Non exec | x | x |
Key:
Independence (Civil Code and TUF): indicates whether a director can be qualified as independent on the basis of the criteria established by the Code of Conduct (March 2006 edition) and by art. 148 paragr. 3 of the TUF
The board of directors meeting of 29 April 2011 renewed the members of the board of directors and checked the existence of the requisites of independence set out in the code.
The shareholders meeting of 29 April 2011 decided that the board of directors would consist of 12 members.
