Board of Directors

  • The Board is entrusted with the most important decisions in economic/strategic terms
  • All Board of Directors’ meetings are attended by managers with strategic business responsibilities

In accordance with the regulations for the traditional direction and control model, the man¬agement of the Company is assigned to the Board of Directors, which plays an active role in guiding its strategy and controlling its operations, with the power to direct its overall management and intervene directly in a series of decisions that are necessary or useful in the pursuit of its corporate aims.
The Board is entrusted with the most important decisions in economic/strategic terms or in terms of structural impact on management or functional impact on control and guidance of the Group.

To carry out its duties the Board of Directors relies on the support provided by specific Board Committees currently composed entirely of independent directors, responsible for investigations, advice and/or consultation, and managerial committees composed of the Group's senior management which implement the directives and policies established by the Board and its delegated bodies (in this regard the reader is referred to the "Managerial Committees" section).

Meetings of the Board of Directors and its Committees are attended by members of management in order to ensure prompt in-depth knowledge of the Company's and the Group's activities on the part of Directors and the Board as a whole and promote access to senior management in order to improve the Board of Directors' powers of supervision over its business activities.
All Board of Directors' meetings are attended by managers with strategic business responsibilities (the Tyre General Manager; the Group General Counsel and Chief of General and Corporate Affairs; the Chief of Group Management Control, the Chief Financial Officer and the Officer responsible for preparing accounting and corporate documents).

The meetings of the Internal Control, Risks and Corporate Governance Committee are attended by the Group General Counsel and Internal Audit Manager (who attend all meetings), the Risk Officer and the Manager in charge of preparing the corporate and accounting documents.

All of the Remuneration Committee's meetings are attended by the Group General Counsel and the Chief People Officer. Other members of management are invited to attend individual meetings to discuss specific topics on the agenda.