Board of Directors

With the approval of the new Articles of Association, the Board’s composition has been streamlined to provide for a maximum of fifteen members, at least one-third of whom must be women and one-third independent. As from 2017 two directors will also be appointed by minority shareholders.

Mediobanca’s tireless efforts at improving its governance are well reflected in the changes made to the composition of the Board of Directors, the governing body with responsibility for the Group’s strategic supervision.

The composition of the Board, appointed in October 2014, has changed from the previous term of office. The number of directors has reduced from 20 to 18*, and doubled the number of women directors.

Work on innovating the Group’s governance will continue with the next term of office. With the next set of reappointments a further reduction will be made in the number of Board members, to a maximum of fifteen (with a minimum of nine). At the same time, the number of directors to be appointed by minority shareholders will double, with two posts assigned to directors appointed from a single minority voting list, rather than one.

(*)Currently 17 for the resignation of Dr. Marina Natale



BOARD OF DIRECTORS: MEMBERS

Renato Pagliaro
Chairman
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Alberto Nagel
Chief Executive Officer
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Francesco Saverio Vinci
General Manager
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Maurizia Angelo Comneno
Deputy Chairman
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Marco Tronchetti Provera
Deputy Chairman
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Tarak Ben Ammar
Director
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Gilberto Benetton
Director
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Mauro Bini
Director
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Marie Bolloré
Director
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Maurizio Carfagna
Director
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Angelo Casò
Director
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Maurizio Costa
Director
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Vanessa Labérenne
Director
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Elisabetta Magistretti
Director
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Alberto Pecci
Director
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Gian Luca Sichel
Director
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Alexandra Young
Director
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HOW THE BOARD OF DIRECTORS HAS CHANGED

  PREVIOUS TERM CURRENT TERM PROPOSED NEW ARTICLES AVG. FTSE MIB COMPANIES*
No. of directors 20 18 15 12,8
Directors appointed from minority shareholders 1 1 2 2,3
No. of women directors (%) 15% 33% at least 1/3 30,3%**
No. of independent directors (%) *** 50% 44% at least 1/3 48,4%
Average age of directors 60 59 - 59,3
Executive Chairman No No No -

* Source: Assonime – Emittenti Titoli, La Corporate Governance in Italia: autodisciplina, remunerazioni e comply-or-explain, November 2016. The 2016 survey covers the 227 Italian companies listed at 31 December 2015, whose annual statements on corporate governance and ownership structure were available as at 15 July 2016.
** Data as at 30 June 2016 taken from Consob’s 2016 Report on corporate governance of Italian listed companies, December 2016.
*** As defined by the Articles of Association.