Board
of Directors

The Board of Directors consists of ten directors, two of whom meet the requirements of independence.

The chairman of the Board of Directors has no executive powers and is responsible for the effective organization and conduct of board business, as well as for the optimal interaction and balance of powers among the various corporate bodies, as well as within the Board among individual directors. Directors are appointed for a period of three fiscal years and their terms of office expire on the date of the shareholders’ meeting called to approve the financial statements for the last fiscal year of their term of office. The current Board of Directors was appointed by the Shareholders at the Ordinary General Meeting of April 3, 2023 for the fiscal years 2023 – 2025 and will lapse from office with the approval of the financial statements for 2025. The Board of Directors has its own rules of functioning that govern its mission, composition criteria, and operations.