The appointments committee assists the board of directors in the appointment of directors, in the board evaluation process, and in the succession planning for senior executive positions.
The committee is made up of five non-executive members, the majority of whom qualify as independent as defined by the art. 19 Articles of Association.
|Maurizio Costa||Chairman of the committee*|
|Alberto Lupoi||director *|
|Elisabetta Magistretti||director *|
* Independence requirements according to Articles 19 of Article of Association and a 148.3 of the Italian consolidated finance act.
The committee performs:
- information gathering in respect of proposals for the submission of lists for the board of directors, the co-opting for the replacement of directors, and the appointment of the executive committee, the chief executive officer and, upon proposal by the latter, the general manager
- advisory duties for identifying the optimal qualitative and quantitative composition of the board of directors, and checks that this corresponds to the actual composition resulting from the appointment process
- information gathering with regard to the succession plans for executive directors
The Committee met ten times in the period from 1 July 2017 to 30 June 2018 to adopt resolutions regarding the Board of Directors’ self-assessment process, to verify the requirements and on succession planning issues, plus the “Policies for the selection, appointment, succession and performance assessment of company representatives and Group Key Function Holders”.