Related Parties Committee

The Committee assists the Board of Directors on matters pertaining to transactions with related parties.

Chairman of the Committee: Tiziana Togna

Composition:

  • Ines Gandini
  • Sandro Panizza

The Committee is comprised of three Directors, all of whom are not executive and independent pursuant.

The Committee, instituted pursuant to the Regulations for transactions with related parties (approved on 27 June 2012 and updated most recently on 24 June 2021):

  1. Expresses opinions in advance on the adoption of, and possible amendments to, the Regulations;
  2. Is informed of the state of progress in negotiations, and is involved in the processing of, the most significant transactions with related parties, by receiving thorough and prompt reporting on them with the right to request further information and make comments;
  3. Expresses reasoned opinions (binding only in respect of the largest transactions) on the Bank’s interest in executing the transaction with related parties and the convenience and substantial correctness of the financial terms, including with the help of independent experts.