PRINTThe Company’s Board of Directors is the central body of the Company’s corporate governance system, since it is vested with the broadest powers for the ordinary and extraordinary management of the same, including the definition of the strategic, organizational and control guidelines of the Company and the Group.
Pursuant to the Fincantieri’s By-laws, the Board of Directors is composed of seven or more members, up to a maximum of thirteen members, appointed by the Shareholders’ Meeting. The Shareholders’ Meeting determines the number of Board members within the abovementioned limits from time to time.
The Directors remain in office up to three financial years, as determined by the Shareholders’ Meeting at the moment of their appointment. The Directors may be reappointed.
The Board of Directors shall elect a chairman among its members, unless the appointment has already been made by the Shareholders’ Meeting.
The Board of Directors currently in office for the three years period 2022-2024, will remain in office until the Shareholders’ Meeting for the approval of the financial statements as at 31 December 2024 and is composed of 10 members.
The Board of Directors was elected by the Shareholders’ Meeting of 16 May 2022, with the exception of Director Barbara Debra Contini, who was appointed by the Shareholders’ Meeting of 31 May 2023 following the resignation of Director Alessandra Battaglia on 24 March 2023 and Director Biagio Mazzotta, who as appointed member of the Board of Directors pursuant to Article 2386 of the Italian Civil Code and Chairman pursuant to Article 20.1 of the By-laws by the Board of Directors of 1st August 2024 following the premature death of Chairman Claudio Graziano on 17 June 2024.
Seven Directors out of the ten members of the Board meet the independence requirements provided for by Legislative Decree No. 58 of 24 February 1998, by the By-laws and by the Corporate Governance Code.
