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The Shareholders' Meeting of May 15, 2020 resolved to appoint the Board of Directors for a term of three financial years. The Board's term will therefore expire with the Shareholders' Meeting to be called to approve the financial statements for the year ending December 31, 2022. Of the nine members of the Board, six meet the independence requirements of the TUF, the By-laws and the new Corporate Governance Code.
The Shareholders' Meeting held on April 27, 2017 appointed Maria Bianca Farina as Chairman of the Board of Directors. The Chairman is responsible for directing and overseeing the functioning of the Board of Directors. In addition to the powers provided by law and under the by-laws, and the subsequent Board of Directors resolution on April 28, 2017, the Chairman has the following delegated powers, on a non-exclusive basis:

Internal Auditing:
  • supervision of the activities of the Internal Auditing department, acting as a liaison for and reporting to the Board of Directors; and
  • supervision of the Company's guidelines on the Internal Auditing department, together with the Chief Executive Officer.

Institutional Relations:
  • together with the Chief Executive Officer, maintaining institutional relations with the Parliament, the Government, the Ministries, institutional bodies and the other authorities, in connection with matters outside the scope of ordinary business operations of the Company and the Group.
On April 28, 2017, the Board of Directors appointed Matteo Del Fante as Chief Executive Officer and General Manager, who lead all the first level organizational departments, granting to him all the powers for the administration of the Company, with the exception of some powers which are assigned to the corporate bodies by law, the by-laws and by the same resolution of April 28, 2017.

Maria Bianca FarinaChairwoman
Matteo Del FanteChief Executive Officer and General Manager

Giovanni AzzoneDirector
Bernardo De StasioDirector
Daniela FavrinDirector
Davide IacovoniDirector
Mimi KungDirector
Elisabetta LunatiDirector
Roberto Rossi Director

Poste Italiane Poste Italiane’s Board of Directors and its Committees - Structure for the year 2020

Board of Directors Control and Risk Committee Remuneration Committee Appointments and Corporate Governance Committee Related and Connected Party Committee Sustainability Committee
(***)
Office Member (*) (**) (*) (**) (*) (**) (*) (**) (*) (**) (*)
Chairman Farina Maria Bianca 15/15                    
CEO/GM1,2 Del Fante Matteo 15/15                    
Director  Azzone Giovanni 15/15 M 5/5 C 7/7 M 4/4        
Director  De Stasio Bernardo 8/8 C 7/7     C 4/4 M 6/6    
Director  Favrin Daniela 8/8     M 4/4         C 5/5
Director  Iacovoni Davide 8/8 M 7/7             M 5/5
Director  Kung Mimi 12/15         M 6/7 M 10/11    
Director  Lunati Elisabetta 8/8     M 4/4     C 6/6    
Director  Rossi Roberto 13/15 M 11/12 M 3/3         M 5/5
Number of meetings held during FY 2020 BoD: 15 Control and Risk Committee: 12 Remuneration Committee: 7 Appointments and Corporate Governance Committee: 7 Related Party and Connected Party Committee: 11 Sustainability Committee: 5
Directors expired during the reference year
Director Cerami Carlo 7/7     C 3/3     M 4/5 - -
Director Guglielmetti Antonella 7/7 C 5/5     M 3/3     - -
Director Isgrò Francesca 7/7 M 5/5         C 5/5 - -
Director Rao Roberto 7/7         C 3/3 M 5/5 - -

Threshold required to present slates of candidates for the Board of Directors (pursuant to article 147-ter of the Consolidated Law on Finance): 1% of share capital.
 
1. Director in charge of the internal control and risk management system.
2. Person primarily responsible for the management of the issuer (Chief Executive Officer or CEO).
 

* This column shows the Directors’ respective attendance at meetings held by the Board of Directors and at its committees. Specifically, it shows the number of meetings attended by the Director concerned out of the total number of meetings held. All absences were appropriately justified. The Directors are expected to attend at least 90% of the Board of Directors meetings.
 
** This column shows the Director’s position on the committee: “C” = Chair, “M” = Member.
 
*** The Sustainability Committee was created on 15 May 2020. Before that date, the activities carried out by this Committee were included in those entrusted to the “Control, Risk and Sustainability” Committee. The latter has been at the same time renamed Control and Risk Committee.