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.

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Orientation towards the maximum number of appointments

Last revised: 26 Feb 2019