The board also granted the chairman the power to supervise the efficiency of the internal controls system.
The board of directors granted the vice chairman the powers to coordinate and follow the group’s external relations including with banking and financial institutions and with the media as well as to explore and evaluate opportunities for extraordinary transactions and investments.
The board following the assessment of the independence requirements of Gilberto Callera, Giancarlo Cerutti and Mario Greco, also appointed Callera as lead independent director, appointed the remuneration committee (composed of Callera, Greco and Previati), appointed the internal control committee (composed of Callera, Cerutti, Greco and Previati) as well as the Organismo di Vigilanza (Controlling Body) pursuant to legislative decree 231/2001 (composed of Previati, as chairman, Claudio Massimo Fidanza and Concetto Siracusa).
