Governance

The Ordinary and Extraordinary Shareholders’ Meeting resolves upon the matters reserved to it by law and these By-Laws.

In particular, the Ordinary Shareholders’ Meeting appoints and revokes the appointment of the directors, statutory auditors and the independent firm, establishing their remuneration and approving the financial statements, while the Extraordinary Shareholders’ Meeting revolves upon By-Law changes and corporate transactions, such as share capital increases, mergers and spin-offs.

In accordance with Article 15 of the By-Laws, subject to the applicability of any special laws regarding companies with shares listed on regulated markets, the Ordinary Shareholders’ Meeting should be called at least once a year, within 120 days from financial year-end. Where the company is required to prepare the consolidated financial statements or where special requirements regarding the structure and the scope of the company require it, the meeting may be called within 180 days from financial year-end. In such cases, the directors outline the reasons for the delay in the Directors’ Report.

The Shareholders’ Meeting is overseen by the Chairperson of the Board of Directors or, in his/her absence or impediment, by another person indicated by the Board of Directors, failing which the Shareholders’ Meeting shall elect its Chairperson.  The Shareholders’ Meeting appoints a secretary, including from among non-members, chosen from among the directors present and one or more tellers, including non-shareholders.

In order to permit the proper running of the Shareholders’ Meeting’s business and to ensure that shareholders can take the floor regarding the matters under discussion, on July 31, 2018, the Shareholders’ Meeting approved its Shareholders’ Meeting Regulation (Link to pdf).

It is specified that the 2021 Annual Financial Report was prepared in XHTML format in accordance with the Delegated Regulation of the European Commission no. 2019/815 subsequent amendment. 

The taxonomy used for the marking of the document is that provided for by the Delegated Regulation (EU) 2020/1989 of the European Commission of 18 December 2020 (Taxonomy 2020). In continuity with the past and with the aim of facilitating reading, the PDF format of the 2021 Annual Financial Report is also made available on a voluntary basis.

It is specified that this version does not comply with the provisions of the Delegated Regulation (EU) 2019 / 815 of the European Commission (European Single Electronic reporting Format - ESEF). This version constitutes a supplementary and unofficial version of the 2021 Annual Financial Report compared to the version in single electronic format of the ESEF communication and has not been subject to verification by the statutory auditors.