ORIENTATION OF THE BOARD OF DIRECTORS TOWARDS THE MAXIMUM NUMBER OF APPOINTMENTS
With the resolution adopted on 14 February 2019, the Board of Directors of the Company modified the Orientation taken by the same during the meeting on 31 August 2017, in relation to the maximum number of appointments held in other companies considered compatible with the appointment of director of Pirelli & C. S.p.A.
In particular, given the outcomes of the monitoring conducted on the implementation status of best practice in Corporate Governance matters, the Board of Directors deems appropriate to reduce from five to four the limit on the number of director and statutory auditor positions that, in principle, a Director of Pirelli may take on within companies other than those for which Pirelli is the parent company, i.e. its subsidiaries or affiliates.
On 17 March 2022, the Board of Directors made the necessary formal changes to the Orientation, in order to take into account the provisions of the Corporate Governance Code which replaced the previous Self-Regulatory Code.
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Orientation towards the maximum number of appointments |