Board of Directors' meetings

As envisaged by the Articles of Association, the Board of Directors meets on at least a quarterly basis to inform the Board of Statutory Auditors on the Group’s activities and on the most important business, financial and capital transactions undertaken by the company or its subsidiaries, and particularly those where there may be a potential conflict of interest.

During the 2010 financial year the Board of Directors held 9 meetings, while for the year 2011 there are expected to be no fewer than 8 meetings.

Number of meetings during year 2010:

  • Board of Directors 9
  • Internal Control Committee 13
  • Nominations & Remuneration Committee 7
Board of Directors       Internal Control Committee Nomination & Remuneration Committee  
 Office Members   Executive Non Executive  Indipendent   %Attendance(1)

N.° of other offices(2) 

  (3)  (1)  (3)  (1)
 Chairman  Edoardo Garrone  yes      100% 2        
 Deputy Chairman  Pietro Giordano  yes      89% 1        
 Deputy Chairman  Giovanni Mondini  yes      100%  -        
 Chief Executive Officer  Alessandro Garrone  yes      100%  2        
 Director  Massimo Belcredi      yes  100%  1  yes  100%  yes  100%
Director Luca Bettonte yes       1        
 Director  Lino Cardarelli      yes  89%  1     yes  71% 
 Director  Aldo Garozzo   yes    100%          
 Director  Giuseppe Gatti  yes      100%  1        
 Director  Antonio Guastoni      yes 100%  5  yes  100%    
 Director  Paolo Francesco Lanzoni      yes  89%  1  yes  100%  yes  100%
Director Graziella Merello yes     100% -        

 From Corporate Governance Report 2010

* The presence of the star indicates whether the director was designated through lists submitted by the minority

1) This column shows the percentage of director's attendance at meetings, respectively, of the Board of Directors and of the Committees

2) This column shows the number of offices as director or auditor held by the Directors in other companies listed on regulated markets, also

abroad, in financial, banking, insurance or large companies. In the Report on corporate governance the duties are indicated in full

3) This columns indicates whether the Board member belongs to the Committee