The Articles of Association provide for the power - in lieu of the obligation - to establish an Executive Committee – considering, inter alia, the size of the Board of Directors, the complexity of the banking group’s operations and the range of the business areas covered.
Currently comprised of four members – including the CEO and General Manager - the Executive Committee manages the bank’s day-to-day operations.
The four Board Committees were set up in accordance with the recommendations in the Code of Conduct and the requirements established by the Bank of Italy on corporate governance. They mainly serve advisory and consultation functions.
100% independent member
|The Risk Committee assesses the internal control system, risk management and the accounting/reporting model. In addition, it currently performs the duties of the Related Parties Committee.|
75% independent member
The Remuneration Committee performs advisory and consultation functions on remuneration policies, the calculation of remuneration for senior management positions, the remuneration of employees and incentive and retention plans.
60% independent member
|The Appointments Committee supports the Board in the appointment of Directors (when new members are co-opted), the outgoing Board’s presentation of the list of directorship candidates, the Board assessment and the drafting of succession plans for senior management positions.|
|Corporate Social Responsability Committee||The Corporate Social Responsibility Committee, was established in 2019 and advises the Board on sustainability issues.|
The Corporate Social Responsibility Committee, was established in 2019 and advises the Board on sustainability issues.
In addition the committees required by regulations and the Code of Conduct, the Board of Directors has established the committee required by article 18, paragraph 4 of the Articles of Association. This specific committee passes resolutions on the appointment of the governing bodies at the general meetings of listed investees in which the group holds an interest of at least 10% and the interest is worth more than 5% of the group’s consolidated supervisory capital.