During the first meeting after the appointment, the Board of Directors ascertained that seven directors meet the independence requirements according to the criteria defined by the TUF and the Corporate Governance Code for Listed Companies: Simona Arduini, Monica Billio, Beatrice Colleoni, Roberto Diacetti, Divo Gronchi, Antonella Malinconico and Daniele Umberto Santosuosso.
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.