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Report on Coporate Governance
The Board of Statutory Auditors verifies the proper application of the assessment criteria and procedures adopted by
the board in order to annually assess the independence of its members, communicating the outcome of such controls
in its report to the shareholders.
In 2010 it was not necessary for the independent Directors to convene in specific individual meetings as they periodically
meet when the Internal Control Committee and Remuneration Committee meetings are convened representing
as a whole such bodies.
F. Lead Independent Director
The Code requires that, in case the Chairman of the Board of Directors is the key person in charge of the running
of the company, and even when office is held by the person that controls the Company, the Board must designate a
“Lead Independent Director”, that represents a reference and coordination point of the motions of the non executive
Directors and more specifically the independent ones; for this scope, should these circumstances occur, in accordance
to article 2.C.3 of the Code, the role of Lead Independent Director is head by the non Executive and Independent
Director, Mr. Fuasto Forti.
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