LensCrafters 2007 Annual Report Download - page 82

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ANNUAL REPORT ON
CORPORATE GOVERNANCE 2007 | 81 <
the information of the managing bodies and of the Internal Control Committee, as well as regularly
comparing the results achieved with the ones projected. In particular, the Board makes its
assessments taking into account the information received by the CEO who, on the basis of the
directives received by the Board, supervises all business structures and makes proposals to be
submitted to the Board on the organizational structure of the Company and of the Group, the
general development and investment plans, the financial plans and provisional financial
statements, as well as on any other matter the CEO is submitted by the Board.
The Directors refer to the other directors and to the Board of Statutory Auditors those transactions in
which they have an interest on their own or on a behalf of third parties. Each director personally brings to
the attention of the Board of Directors and of the Board of Statutory Auditors the existence of his interest.
In compliance with the resolution passed on February 19, 2007, the Board of Directors assesses
the size, composition and operation of the Board itself and of its various committees.
During fiscal year 2007, Luxottica’s Board of Directors met 12 times, with an average percentage of
attendance set out in the attached table and an average meeting duration in excess of one hour.
When the Board considered it advisable to analyze in greater detail certain matters on the agenda,
certain officers of the Company and of the Luxottica Group were invited to participate in the
meetings, only in respect of those matters. At the meetings, the relevant documents and information
required to take the Board’s decisions were made properly and timely available to the Directors.
In January 2008, the Company made available the timetable of the corporate events for the fiscal
year; the fiscal year 2008 calendar is available on Luxottica’s website at www.luxottica.com.
During the period from January 1 through March 13, 2008, the Board of Directors held three
meetings.
Composition. The current Board of Directors was appointed by the Shareholders Meeting held on
June 14, 2006, after having established that it would have fourteen members.
The current Board of Directors shall remain in charge for three fiscal years until approval of the
financial statements as of December 31, 2008. As of December 31, 2007, the Board comprises the
following Directors:
Name Corporate position
Leonardo Del Vecchio Chairman
Luigi Francavilla Deputy Chairman
Andrea Guerra Chief Executive Officer
Roger Abravanel Member of the Human Resources Committee
Tancredi Bianchi Member of the Internal Control Committee
Mario Cattaneo Member of the Internal Control Committee
Enrico Cavatorta
Roberto Chemello
Claudio Costamagna Member of the Human Resources Committee
Claudio Del Vecchio
Sergio Erede
Sabina Grossi Member of the Human Resources Committee
Gianni Mion Chairman of the Human Resources Committee
Lucio Rondelli Chairman of the Internal Control Committee
and Lead Independent Director