Chrysler 2007 Annual Report Download - page 58

Report on Operations Corporate Governance 57
Group Automobiles S.p.A., Ferrero S.p.A., Emilio Lavazza e C.
S.a.p.A., Alberto Lavazza e C. S.a.p.A., Ersel Finanziaria S.p.A.
and Ersel Sim S.p.A., of regular auditor at Ferrero e C. S.p.A.
and at Banca Passadore S.p.A. and of director at Autostrada
Torino Milano S.p.A. and at Davide Campari Milano S.p.A.
Giuseppe Camosci holds the position of Chairman of the Board
of Statutory Auditors of Samsung Electronics Italia S.p.A., and
of regular auditor at BNP Paribas Leasegroup Italia S.p.A. and
Trussardi S.p.A.
As prescribed in the Consolidated Financial Act and in
accordance with Article 17 of the Company’s By-laws, properly
organised minority groups have the right to appoint one
regular auditor, to whom the chairmanship is assigned, and
one alternate auditor. In accordance with the By-laws, the
minimum equity interest required for submission of a list of
candidates is set at a percentage no lower than that required
by applicable laws for the submission of lists of candidates for
the appointment of the Board of Directors of the Company. In
accordance with the communication published by Consob with
regard to fiscal 2007, this percentage is currently equal to 0.5%
of the ordinary shares. The lists presented, together with the
documentation required by law and the Company’s By-laws,
must be deposited at the Company’s offices at least fifteen
days prior to the date set for the Meeting on first call, or, in
specific cases, up to five days after that date. The appointment
of the current Board of Statutory Auditors, resolved by the
Stockholders Meeting of May 3, 2006, took place through the
vote list system. In particular, regular auditors Giuseppe
Camosci and Cesare Ferrero, as well as alternate auditors
Giorgio Giorgi and Piero Locatelli, were drawn from the list
presented by the majority stockholder Ifil Investments S.p.A.
while Carlo Pasteris, who was appointed Chairman of the
Board of Statutory Auditors, and alternate auditor Roberto
Lonzar were drawn from the minority list that obtained the
highest number of votes at the Stockholders Meeting. Said
minority list was jointly presented by the Generali Group and
Mediobanca, which at the time were holders of 2.7% and 1.8%
of the ordinary Fiat shares, respectively. Upon accepting his
candidacy Carlo Pasteris resigned from his position as
common representative of holders of savings shares.
Additional information provided to the Stockholders Meeting
on candidates and lists presented are still available in the
Investor Relations section of the website www.fiatgroup.com.