The Related-Party Transactions Committee, established by the Board of Directors, is composed of three independent directors and is entrusted with advisory, propositional, and monitoring functions.
Composition
Functions
The committee performs advisory, propositional, and monitoring functions and supports the Board of Directors on related-party transactions, pursuant to the Procedure. In particular, the RPTC has the following tasks (capitalized terms are defined in the Procedure):
- to assess and issue an opinion on all Related-Party Transactions other than so-called Exempt Transactions;
- to assess and issue an opinion on Exempt Transactions if so requested by the Chair of the Board of Directors, the Chief Executive Officer, or the Company’s Board of Directors as a whole;
- to verify the correct application of the exemption conditions with regard to Ordinary Transactions concluded on terms Equivalent to those of Market or Standard that qualify as Material Transactions;
- to verify, at least annually, the adequacy of the “Rules on Related-Party Transactions”;
- to perform any additional tasks possibly assigned to it by the Company’s Board of Directors and/or provided for by the “Rules on Related-Party Transactions” (as possibly amended from time to time).
Participation in meetings of the Committee for Operations with Related Parties
The table presents the participation of directors, in percentages, in meetings of the Committee for Operations with Related Parties. In the 2018, COFIDE’s committee met five times, while CIR’s met once.
Participation in 2019 meetings of the Committee for Operations with Related Parties
COFIDE PRE-MERGER
| società | Name | Role | % of participation |
| COFIDE PRE-MERGER | Massimo Cremona | Chairman | 100% |
| COFIDE PRE-MERGER | Paola Dubini | Committee Member | 100% |
| COFIDE PRE-MERGER | Francesco Guasti | Committee Member | 100% |
| COFIDE PRE-MERGER | Pia Hahn Marocco | Committee Member | 100% |
| COFIDE PRE-MERGER | Maria Serena Porcari | Committee Member | 100% |
| CIR PRE-MERGER | Giannini Silvia | Chairman | 100% |
| CIR PRE-MERGER | Botticini Maristella | Committee Member | 100% |
| CIR PRE-MERGER | Francesca Pasinelli | Committee Member | 100% |
| CIR PRE-MERGER | Claudio Recchi | Committee Member | 80% |
