In the year ended 30 June 2019, the Board of Directors met 10 times, in addition to induction and training sessions.
The level of participation by the board members is high, with average attendance of over 95%.
The average duration of board meetings was three hours and thirty-five minutes.
The Board of Directors is called to meet by the Chairman or upon the request of at least three Board members. The Board of Statutory Auditors, or even only one of its members, may call a meeting of the Board of Directors by notifying the Chairman. The Board may pass binding resolutions even if it has not been formally called provided that the meeting is attended by all board members and all the standing auditors in office. Board meetings may also be held via video or telephone conference call.
Each Board member’s attendance at the meetings is indicated below:
|ATTENDANCE AT BOARD MEETINGS (2018/2019)|
|MAURIZIO ANGELO COMNENO||100%|
|FRANCESCO SAVERIO VINCI||100%|
|VITTORIO PIGNATTI MORANO||85,7%|
Induction and training
The Board offers induction and training programs to sharpen Directors’ expertise and round out their knowledge of the group or specific areas of interest to the Directors. The Chairman sets the agenda based on the findings of the Board assessment, and considering any recommendations gathered from Directors, as well as the suggestions of area and control function heads.
Six training sessions were held for the entire Board in the year ended 30 June 2019 on:
- Wealth Management and sales networks: controls and main risks;
- Investor Relations and analyst reports;
- outsourcing by Mediobanca and the subsidiary banks, related risks;
- the group’s IT systems;
- Corporate Social Responsibility.
We also held four induction meetings specifically for newly appointed members and two sessions for the Risk Committee.
Five training sessions were offered on more general aspects:
- the geopolitical scenario;
- the liability of non-executive directors;
- Security, Cybercrime and Fintech;
- the provisioning calendar.
Minutes of the board meetings
The minutes of the Board meetings are available in Italian