Chrysler 2011 Annual Report Download - page 352

351
Auditors’ Reports
Motions for AGM
c) Election of the Statutory Auditors
Shareholders,
The term of office of the current Board of Statutory Auditors will expire on the date of the General Meeting called for approval of the 2011 financial statements.
You are therefore called upon to elect new members to the Board which is to consist of three regular members and three alternate members. Election of
the Board of Statutory Auditors, pursuant to law and the By-laws, is based on a system of lists in which candidates, whose number may not exceed the
number of statutory auditors to be appointed, are listed in numerical order.
Minority shareholders have the right to elect one regular member, who shall also serve as Chairman of the Board of Statutory Auditors, and one
alternate member.
You are reminded that all of the statutory auditors must satisfy the legal and regulatory requirements of integrity, professionalism and independence and
comply with the legal limit for the number of concurrent offices held. Additionally, pursuant to the By-laws, they must be entered in the Register of Auditors
and possess at least three years of experience as an auditor.
Procedures for election are established by law and, as necessary, by the additional requirements of Article 17 of Fiat S.p.A.’s By-laws. Specifically, lists
of candidates must be submitted to the Company at its registered office, together with the additional documentation required, at least 25 days prior to
the date of the General Meeting and may only be presented by shareholders who, individually or jointly with others, own at least 1% of ordinary shares.
Certification of that percentage must, if not presented at the time the lists are filed, be provided at least 21 days prior to the date of the meeting.
No individual shareholder or shareholders belonging to the same group or who are parties to a shareholder agreement in relation to the Company’s shares,
may present or vote, even by means of an intermediary or a trustee company, more than one list. In the event that 25 days prior to the meeting only one
list has been submitted, or if the only lists presented are those presented by shareholders who are related, as defined by law, additional lists may then be
presented up to the third day after that date and the percentage ownership required shall reduce from 1% to 0.5% of ordinary shares. The lists, together
with required accompanying documentation, will be made publicly available at the Company’s registered office, on the Company’s website and at Borsa
Italiana at least 21 days prior to the date of the General Meeting.
The Statutory Auditors will remain in office for a period of three years and, in any event, until the date of the General Meeting called for approval of the
2014 financial statements.
We invite you to vote on one of the lists submitted and published in accordance with the law and the By-laws.
22 February 2012
On behalf of the Board of Directors
/s/ John Elkann
John Elkann
CHAIRMAN