The current Related Parties Committee was formed by resolution of the Board of Directors of 30 April 2015. It comprises the following 3 non-executive Directors, all of whom are independent:

Name and surname Role
Catherine GĂ©rardin Vautrin Independent Director and Chairman
Alessandro Foti Independent Director
Robert Kunze-Concewitz Independent Director

 

Functions attributed to the Related Parties Committee

The Related Parties Committee is responsible for undertaking all the activities required by the Procedure on related parties transactions. This procedure was approved by the Board of Directors to implement the “Related Parties Transactions” Regulation adopted by Consob by resolution 17221 of 12 March 2010 (amended by subsequent resolution 17389 of 23 June 2010). Specifically, the Related Parties Committee is responsible for issuing non-binding reasoned opinions on the Company’s interests in carrying out transactions with related parties and on the substantive propriety and correctness of the related conditions prior to the approval and/or execution of such transactions.

The meetings of the Related Parties Committee are duly minuted.