Lead Independent Director

Since 2005, Pirelli & C. S.p.A. established the position of Lead Independent Director, key figure for coordination of the requests and contributions made by non-executive directors and, particularly, by independent directors.
However, the Lead Independent Director gives further value to the role of the Independent Directors and collaborates for optimal performance of the activities of the Board of Directors.

The Board of Directors, in its meeting on 21 April 2011, appointed Mr. Carlo Secchi - Chairman of the Committee for Internal Control, Risks and Corporate Governance and Chairman of the Supervisory Body - as Lead Independent Director of the Company.

The Lead Independent Director:

  • collaborates with the Chairman of the Board of Directors in order to enhancing the functioning of the Board of Directors;
  • has the power to call – either on his own initiative or upon Directors' request – dedicated – formal or informal - meetings for independent Directors only, and their subject matters are chosen every time among key issues relating to Board of Directors functions or Company management with the possibility to invite managers;
  • collaborates with the Chairman of the Board of Directors in order to ensure that the Directors are recipients of complete and timely information flows.

The Lead Independent Director can avail him self of the cooperation of the Secretary of the Board of Directors.

Last Revised: 10 May 2012