Procedures for Related Party Transactions
In accordance with Consob Regulation no. 17221/2010 and having obtained the favourable opinion of all the members of the Audit, Risks, Sustainability and Corporate Governance Committee (entirely made up of independent directors), the Board of Directors has unanimously approved on 3 november 2010 the "Procedure for related party transactions" and has entrusted the Audit, Risks, Sustainability and Corporate Governance Committee with the task of also serving "Committee for related party transactionswith the exception of remuneration issues entrusted to the Remuneration Committee.
On 5 November 2013 the Board of Directors, having heard the opinion of the Committee for Related Party Transactions, decided that the Procedure is substantially valid and effective, only introducing the definition of “transaction” and removing the provisional Article 22.2 which is no longer effective.
On 31st March, 2015 the Board of Directors, having heard the opinion of the Committee for Related Parties, has resolved to make some marginal changes to the RPT procedure, in order to update it according to the "new" organizational structure.