The executive committee is delegated the task of the day-to-day management of the bank with all the powers, also in terms of lending, that are not assigned by the legislation or the articles of association to the board of directors or have not been delegated to the chief executive officer.
In performing its management role, the executive committee implements the guidelines and policies drawn up by the board of directors, except for the tasks reserved to the board. The executive directors of the group are automatically eligible as members of the executive committee, subject to the incompatibilities and limits set by the current legislation.
The members of the committee who are executives of companies of the Mediobanca group are required to devote themselves exclusively to the performance of the activities relating to their post, and – unless otherwise decided by the board – they cannot perform duties of management, direction, control or of any other nature in companies or entities other than those owned by Mediobanca. The other members of the executive committee – unless otherwise decided by the board – cannot perform duties of management, direction, control or of any other nature in other banking or insurance groups.
The executive committee is chaired by the chief executive officer and the committee remains in office for the entire term of the board of directors that appoints it.
The meetings of the committee are attended by the chairman of the board of directors, as a guest, and by the statutory audit committee.
Composition (30 June 2018)
|Alberto Nagel||Chairman of the committee and executive member|
|Maurizia Angelo Comneno||Non executive member|
|Francesco Saverio Vinci||Executive member|
|Gabriele Villa||Non executive member|
MEETINGS AND ACTIVITIES
Meetings of the executive committee are called by its chairman based on the needs of the business, and the committee usually meets once a month. The committee met twelve times in the period from 1 July 2017 to 30 June 2018, with 100% attendance.
|MEMBERS OF THE EXECUTIVE COMMITTEE*||ATTENDANCE AT EXECUTIVE COMMITTEE MEETINGS|
|Maurizia Angelo Comneno||100%|
|Francesco Saverio Vinci||100%|
* Composition as at 30 June 2018