In the first meeting after the appointment, the Board of Directors ascertained that seven directors met the independence requirements according to the criteria defined by the TUF and the Corporate Governance Code for Listed Companies.
The independence requirements are subject to an annual assessment.
In compliance with the guidelines of the Corporate Governance Code, the Board of Directors has appointed an independent director as Lead Independent Director (LID) since the President of the Board of Directors, at the time of election of this Board, held control of Banca Ifis as majority shareholder of La Scogliera S.p.A.
The LID represents a person of reference and coordination for non-executive directors (and independent ones in particular) and collaborates with the President to guarantee complete and timely information flows for the directors. The LID also has the power to convoke specific meetings solely for independent Directors for significant matters relating to Board operations and/or to company management in general.
Simona Arduini is the Lead Independent Director for the three-year period 2019/2021.
After the changes to the figure of the indirect parent company and communicated to the market by La Scogliera S.p.A. on 23rd May 2020, there were no changes to the presence, in the context of the Issuer, of the Lead Independent Director in office.