Tiscali 2013 Annual Report Download - page 33

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Annual financial report as at 31 December 2013
Date
File Name
Status
Page
-
Annual Report as at 31
December 2013
33
correctly handling business risks and potential conflicts of interest which may occur between Directors
and shareholders, majorities and minorities and between the various stakeholders.
Adopted model
In relation to the system of management and control, the Company has adopted the traditional model,
which envisages the presence of the Board of Directors and the Board of Statutory Auditors; the
Company believes that this system enables a clear division of the roles and responsibilities entrusted
to the directors and auditors and efficient management of the Company.
Directors and Auditors, and the company appointed to audit the accounts
The governing bodies are the Board of Directors, the Board of Statutory Auditors and the Shareholders’
Meeting.
Board of Directors
At present, the Company’s Board of Directors is made up of:
Chairman and Chief Executive Officer Renato Soru
Directors Assunta Brizio * (Independent Director)
Gabriele Racugno
Luca Scano
Franco Grimaldi (Independent Director)
Company Secretary Luca Naccarato
* Co-opted in August 2012 following the resignation of the Director Victor Uckmar
The current Board will fall from office with the approval of the financial statements for 2014 and was
appointed on 15 May 2012 by the shareholders’ meeting called for the approval of the financial
statements as of 31 December 2011. The office of Chairman and the powers of the Chief Executive
Officer were granted to Renato Soru during the Board Meeting held on 15 May 2012. In August 2012,
Victor Uckmar, appointed by the afore-mentioned shareholders’ meeting, handed in his resignation
and, on 28 August 2012, Assunta Brizio was co-opted as independent director; the shareholders’
meeting held on 30 April 2013 confirmed the appointment.
Board of Statutory Auditors
At present, the Company’s Board of Statutory Auditors is made up of:
Chairman Paolo Tamponi
Statutory Auditors Piero Maccioni
Andrea Zini