Board committees

The Corporate Governance Code for listed companies adopted by Borsa Italiana assigns a central role to the Board's committees in outlining provisions in line with the governance of listed companies.

The Board of Directors has consequently set up two committees which can carry out preliminary, consultative and / or proposal functions:

• Appointments and Remuneration Committee
   
• Risks, Related Party Transactions and Sustainability Committee

The Appointments and Remuneration Committee, made up of five non-executive directors, three of whom independent, supports the Board of Directors as regards to:

• composition of the Board of Directors and the appointment of its members;
   
• remuneration and incentive systems of directors and executives with strategic responsibilities.

Composition of the Committee

• Fotini Ioannou - Independent Chairman
• Francesco Colasanti - Member
• Elena Lieskovska - Independent Member pursuant article 148 TUF
• James B. Corcoran - Independent Member
• Isabella de Michelis di Slonghello - Independent Member

Risks, Related Party Transactions Committee and Sustainability, made up of three non-executive independent directors, supports the Board of Directors with adequate preliminary activity for decisions related to the internal control and risk management system, including those related to the approval of periodic financial reports.
It also ensures the oversight of issues regarding related party transactions and those related to sustainability.

Composition of Committee

• Camilla Cionini Visani - Independent Chairman
• Cristina Alba Ochoa - Independent Member
• Giuseppe Pisani - Independent Member