The Board of Directors may appoint an Executive Committee to have responsibility for the ordinary management of the company, with all powers – including to extend credit – not reserved by the applicable regulations or the Articles of Association to the Board of Directors, or which the Board has not otherwise delegated to the Managing Director. In the performance of its management duties, the Executive Committee implements the guidelines and strategies formulated by the Board of Directors, without prejudice to those powers which are reserved solely to the Board’s own jurisdiction.
Save in cases of incompatibility and up to the limits set by the regulations in force, the Directors who are members of the Mediobanca Group’s management are members of the Executive Committee de jure.
Executive Committee members who are members of the Mediobanca Group’s management are bound to devote themselves solely to performance of activities involved in such office, and unless otherwise provided by the Board of Directors, may not perform duties of administration, management or control or of any other kind at companies or entities which are not investee companies of Mediobanca. The other members of the Executive Committee, save otherwise provided by the Board of Directors, may not perform duties of administration, management, control or of any other kinds for banking groups or insurance companies.
The Executive Committee is chaired by the Managing Director. The Committee remains in office for the entire duration of the Board of Directors which appointed it.
The Chairman of the Board of Directors takes part in Executive Committee meetings as a guest, as does the Statutory Audit Committee.
The Executive Committee is currently made up as follows:
|Alberto Nagel (Chairman)||X|
|Francesco Saverio Vinci||X|
|Maurizia Angelo Comneno *<>|
|Angelo Casò *<>|
|Gian Luca Sichel||X|
|* Independent as defined in Code of conduct for listed companies.
<> Independent as defined in Article 148, para. 3 of Italian legislative decree 58/98.
Last update: 05/07/2016