Strategic supervision is performed by Banca Ifis’ Board of Directors. The Board of Directors was formed in compliance with precise criteria regarding minority directors, independent directors and gender balance. The current Board, appointed in 2019, is made up of 12 members.
The Board of Directors is appointed by the Shareholders’ Meeting on the basis of lists presented by shareholders who have at least 1% of the share capital. The Articles of Association can be made up of five to fifteen members
The current Board was appointed by the Shareholders’ Meeting of 19 April 2019 and will remain in office until approval of the financial statements on 31 December 2021. On that occasion, the number of directors was increased from nine to twelve.
Details of the current Board:
The Shareholders’ Meeting of 23 April 2020 approved the proposal of the majority shareholder La Scogliera S.p.A. to appoint Riccardo Preve as new director, to replace the resigning director Alessandro Csillaghy De Pacser.
The Board of Directors defines the strategic guidelines of the Bank and continuously checks their implementation, guaranteeing sound and prudent management.
Besides the duties that cannot be delegated by law, the matters deemed to be the exclusive prerogative of the Board of Directors include in particular:
Reducing the share capital in the event of withdrawal;
20 meetings were held in 2019: 5 for the expiring Board of Directors and 15 for the Board elected by the Shareholders’ Meeting of 19 April 2019.
The participation of the directors was on average 97%.
The average duration was 4 hours and 52 minutes.
Attendance at meetings: details are shown in the individual CVs.