In accordance with the recommendations of the Code of Conduct, SAVE has set up an Audit and Risk Committee and a Remuneration Committee, both composed of 3 members.
Taking account of the relevant statutory provisions, the Board of Directors of SAVE has decided not to set up an internal Nominations Committee.
Audit and Risk Committee
In accordance with the provisions of the Code of Conduct, the SAVE Audit and Risk Committee has a consultative and advisory role to the Board of Directors, with particular reference to the following aspects:
- internal audit and risk management system;
- internal audit resources and activities;
- results of the statutory audit;
- correct application and uniformity of accounting principles for the purpose of preparing the consolidated financial statements.
The Company’s Audit and Risk Committee also performs the duties assigned to it under the Rules for related party transactions adopted by the Board of Directors in keeping with the applicable CONSOB regulations.
AUDIT AND RISK COMMITTEE CURRENTLY CONSISTS OF THE FOLLOWING BOARD MEMBERS:
- Avv. Sandro Trevisanato * (Presidente)
- Prof.ssa Paola Tagliavini *
- Dott. Giorgio Martorelli *
Remuneration Committee
In 2005, the Board of Directors set up a Remuneration Committee with a consultative and advisory role on the following main issues:
remuneration of managing directors and other directors holding special positions at SAVE and its subsidiaries;
objectives and results of performance plans for variable remuneration of managing directors or directors holding special positions at SAVE and its subsidiaries;
criteria for determining the remuneration of SAVE senior management;
incentive systems.
THE REMUNERATION COMMITTEE CURRENTLY CONSISTS OF THE FOLLOWING BOARD MEMBERS:
- Amb. Ronald P. Spogli * (Presidente)
- Dott. Maurizio Cereda *
- Dott. Alberto Donzelli
* Independent board member