Related-Party Committee

The Board of Directors on 24 April 2024 appointed  a Related Party Committee consisting of three independent, non-executive directors:

• Riccardo Perotta – Chairman, non-executive, independent Director;
• Elena Biffi – non-executive, independent Director;
• Marina Rubini – non-executive, independent Director.

Members of the Related-Party Committee hold office until the expiry of their mandate as directors and, therefore, until the approval of the financial statements for the year ending 31 December 2026.

The Board of Directors has tasked the Related Parties Committee with the following functions and duties:

• to issue an opinion on the resolutions of the Board with regard to the adoption and amendment of the procedures for transactions with related parties, pursuant to art. 4 paragraphs 1 and 3 of the Regulation;
• subject to application of the alternative controls envisaged by the Regulation and the relevant procedure in cases where a committee member has been identified as a related party to a particular transaction, to issue opinions on transactions of lesser significance and those of greater significance pursuant to articles 7 and 8 of the Regulation.