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 on 28 April 2022, is made up of 13 members.
The Board of Directors is appointed by the Shareholders’ Meeting on the basis of lists submitted by shareholders who have at least 1% of share capital. According to the Articles of Association it can be made up of five to fifteen members.
19 meetings were held in 2021.
Director participation was on average 93.73%. The average duration was 3 hours and 15 minutes.
Meeting attendance: the details are reported in the individual CVs.
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:
At its meeting on 9 February 2022, the Board of Directors completed its annual process of self-assessment of the size, composition and functionality of the Board and its Committees for its third year in office.
For more information, see the Report on corporate governance and ownership structure in chapter 6.1
Diversity in terms of gender, age and geographic origin favours multiple approaches and perspectives to analysing problems and making decisions, also avoiding the risk of mere alignment with the main internal or external positions of the Bank.
Within the Board, the least represented gender must be two fifths of its members at a minimum.