LensCrafters 2010 Annual Report Download - page 83

Download and view the complete annual report

Please find page 83 of the 2010 LensCrafters annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 208

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208

|81 >
REPORT ON
CORPORATE
GOVERNANCE
AND OWNERSHIP
STRUCTURE
During fiscal year 2010, the Board of Directors of Luxottica met five times – the record of attendance for such meetings is
listed in the annexed table and the average length of the meetings was approximately one and a half hours. Where the
Board deemed it appropriate to deal in greater depth with the items on the agenda, the Directors of the Company were
invited to participate in special follow–up meetings, which dealt only with such items. For each meeting, the Directors
were provided, sufficiently in advance of the meeting, with the relevant documents and information to enable them
to make informed decisions. In January 2010 and January 2011, meeting days were organized for the Group’s senior
management and the Company Directors, in order to promote a more in–depth knowledge of the business operations
of the Company.
In January 2011, the Company issued the calendar of corporate events for the 2011 fiscal year, which is available on the
website: www.luxottica.com. During the period from January 1 through February 28, 2011 the Board of Directors met three
times.
Composition
The Board of Directors currently in office was appointed by the Shareholders’ Meeting on April 29, 2009, and shall remain
in office until the Shareholders’ Meeting approves the financial statements for the fiscal year ending on December 31,
2011. The Board has fifteen members, as specified below.
Leonardo Del Vecchio Chairman
Luigi Francavilla Vice Chairman
Andrea Guerra Chief Executive Officer
Roger Abravanel (*) Member of the Human Resources Committee
Mario Cattaneo (*) Chairman of the Internal Control Committee
Enrico Cavatorta
Roberto Chemello
Claudio Costamagna (*) Chairman of the Human Resources Committee
Claudio Del Vecchio
Sergio Erede
Sabina Grossi Member of the Human Resources Committee
Ivanhoe Lo Bello (*) Member of the Internal Control Committee and Lead Independent Director
Marco Mangiagalli (*) Member of the Internal Control Committee
Gianni Mion (*) Member of the Human Resources Committee
Marco Reboa (*) Member of the Internal Control Committee
(*) Director satisfying the requirement of independence set forth in the Italian Consolidated Financial Law and in the Code of Conduct.
The Chief Executive Officer is also an employee of the Company.
Set out below is a brief profile of each member of the Board, listing the most significant other offices held by such directors
in listed companies as well as in financial, banking, insurance companies or companies of a significant size. In Luxottica
Group, only the most significant companies or those companies having a strategic relevance have been considered.
Please note that the summary tables attached to the Report also take into consideration the positions held in other listed
companies, in financial, banking and insurance companies as well as in those companies of significant size, identified
through the criteria implemented by the Company in 2007 and illustrated below.