Board Performance Evaluation

The Board of Directors firstly started its own performance self-evaluation practice in 2006, (namely "Board performance evaluation"), thus conforming to the best International Corporate Governance models, and complying with the provisions set forth by the Self-Regulatory Code for Listed Companies by Borsa Italiana.

Among other, the subject matters of such evaluation are Member number, composition, and operation of the Board and its Committees, and such examination is performed with the assistance of a primary consulting firm. Self-evaluation system and procedures, and outcoming data processing methods, are set by this latter firm in co-operation with the Committee for Internal Control and for Corporate Governance.

Outcoming data are subject to accurate insight by the Committee for Internal Control and for Corporate Governance, and they are also examined by the Board of Directors afterwards.

The Annual Report on Corporate Governance includes a description of methods and outcome of the said self-evaluation practice.