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. 

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 current Board of Directors, appointed on 28 October 2017, reflects the shift in this direction with a total of fifteen members (compared to eighteen members in the previous term of office), one-third of who are women and more than half of who qualify as independent according to the definition provided in Article 19 of the Articles of Association, plus two Directors appointed by minority shareholders.



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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Alberto Pecci
Deputy Chairman
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César Alierta Izuel
Director
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Marie Bolloré
Director
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Maurizio Carfagna
Director
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Maurizio Costa
Director
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Angela Gamba
Director
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Valérie Hortefeux
Director
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Alberto Lupoi
Director
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Elisabetta Magistretti
Director
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Massimo Tononi
Director
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Gabriele Villa
Director
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HOW THE BOARD OF DIRECTORS HAS CHANGED

  PREVIOUS TERM CURRENT TERM AVG. FTSE MIB COMPANIES*
No. of directors 18 15 12,8
Directors appointed from minority shareholders 1 2 2,3
No. of women directors (%) 33% 33% 30,3%**
No. of independent directors (%) *** 44% 60% 48,4%
Average age of directors 59 58 59,3
Executive Chairman 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.