Board Committees

Within the scope of the powers conferred by the Articles of Association, the Board of Directors established specific internal committees with advisory purposes in order to increase the Board’s efficiency and effectiveness, whose functions and duties are also defined on the basis of the criteria set forth the in current Corporate Governance Code. 

Appointments and Corporate Governance Committee

The Appointments and Corporate Governance Committee ensures the sufficient independence of Directors from management, playing a proactive and advisory role in identifying the optimal composition of the Board of Directors and defining the corporate governance system of the Company.

The Committee, appointed by the Board of Directors on 17 April 2019, consists of the following Directors, all of whom are independent: 

  • VELLA Francesco (Chairman)
  • PICCHI Nicla
  • RIGHINI Elisabetta

Internal Auditing and Risks Committee

The Internal Auditing and Risks Committee carries out a propositional, advisory, preparatory and supporting role for the Board of Directors regarding the assessments and decisions made by the administrative body, mainly in relation to the internal auditing and risk management system, as well as the approval of the interim financial reports.

The Committee, appointed by the Board of Directors on 17 April 2019, consists of the following Directors, all of whom are independent: 

  • MASOTTI Massimo (Chairman)
  • RIZZI Antonio
  • TADOLINI Barbara

Remuneration Committee

The Remuneration Committee carries out a preparatory, propositional and advisory role with regard to remuneration, responsible, among other things, for submitting proposals to the Board of Directors in relation to the Remuneration Policies for Directors and key management personnel (including the managers in charge of the Audit, Compliance, Anti-Money Laundering and Risk Management functions) adopted by the Company.

The Committee, appointed by the Board of Directors on 17 April 2019, consists of the following Directors, all of whom are independent:

  • VELLA Francesco (Chairman)
  • DE BENETTI Cristina
  • PICCHI Nicla

Committee for Related Party Transactions

The Committee carries an advisory, dialectic and propositional role for the Board of Directors, the corporate departments of UnipolSai and its subsidiaries with regard to Related Party Transactions, in accordance with the provisions of CONSOB Regulation issued with resolution number 17221 of 12 March 2010, as subsequently amended, and with the internal procedures adopted by UGF for the performance of such transactions.

The Committee, appointed by the Board of Directors on 17 April 2019, consists of the following Directors, all of whom are independent:

  • MASOTTI Massimo (Chairman)
  • DE BENETTI Cristina
  • RIGHINI Elisabetta
  • RIZZI Antonio