Related parties transactions committee

The Committee for Transactions with Related Parties, instituted by the Board of Directors, is composed of six independent directors and endowed with functions of consultation and proposal.

CIR has furnished itself with a specific procedure for operations with related parties to establish the principles of behavior that the company is required to adopt in order to guarantee the correct management and conduct of these operations.

In the context of this procedure, the Committee for Transactions with Related Parties, the composition of which matches that of the Control, Risks and Sustainability Committee, has a fundamental role.

Composition

Silvia Giannini

CHAIRMAN – NON-EXECUTIVE AND INDEPENDENT DIRECTOR

Maristella Botticini

NON-EXECUTIVE AND INDEPENDENT DIRECTOR

Paola Dubini

NON-EXECUTIVE AND INDEPENDENT DIRECTOR

Pia Hahn Marocco

NON-EXECUTIVE AND INDEPENDENT DIRECTOR

Francesca Pasinelli

NON-EXECUTIVE AND INDEPENDENT DIRECTOR

Maria Serena Porcari

NON-EXECUTIVE AND INDEPENDENT DIRECTOR

Functions

The Committee for Operations with Related Parties:

  • expresses a motivated, non-binding opinion on the company’s interests on the fulfillment of operations of lesser importance, as well as on the convenience and substantive fairness of their relative conditions
  • in the case of more important operations, the Committee involves itself in the phases of negotiation and enquiry. Once this phase has ended, it gives a binding opinion on the interests of the company at the conclusion of the operation, as well as regarding the convenience and fairness of the relative terms.

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

societàNameRole% of participation
COFIDE PRE-MERGERMassimo CremonaChairman100%
COFIDE PRE-MERGERPaola DubiniCommittee Member100%
COFIDE PRE-MERGERFrancesco GuastiCommittee Member100%
COFIDE PRE-MERGERPia Hahn MaroccoCommittee Member100%
COFIDE PRE-MERGERMaria Serena PorcariCommittee Member100%
CIR PRE-MERGERGiannini SilviaChairman100%
CIR PRE-MERGERBotticini MaristellaCommittee Member100%
CIR PRE-MERGERFrancesca PasinelliCommittee Member100%
CIR PRE-MERGERClaudio RecchiCommittee Member80%