Board of Directors

last update  26/07/2019
 
 

The board of directors, comprised of 9 members, holds a central place in the company's governance system. The current board took office on 12 April 2018.

The current board's term will expire when the 2020 accounts are approved by the AGM.

 

Giancarlo Fancel

President
 

Indipendente: No
In carica da: 12 April 2018

 
Gian Maria Mossa

Chief Executive Officer and General Manager
 
 
Cristina Rustignoli

non-executive director
 

Independent: No

Starting date: 12 April 2018

 
Azzurra Caltagirone

Non executive
 

Independent: No
Starting date: 12 April 2018

 
Giovanni Brugnoli

Independent, non-executive director
 

Independent: Yes
Starting date: 12 April 2018

 
Anna Gervasoni

Independent, non-executive director
 

Independent: Yes
Starting date: 12 April 2018
 

 
Massimo Lapucci

Independent, non-executive director
 

Indipendent: No
Starting date: 12 April 2018

 
Annalisa Pescatori

Independent, non-executive director
 

Indipendent: No
Starting date: 12 April 2018

 
Vittorio Emanuele Terzi

Independent, non-executive director
 

Indipendent: No
Starting date: 12 April 2018

 
Domenica Lista

Secretary
 
 

Role of the Board Directors

The board is invested with full powers for the ordinary and extraordinary management of the company. This includes the authority to grant cancellation and reduction of mortgages even against incomplete credit payment and to deliberate on all matters regarding the corporate purpose that are not reserved to the exclusive competence of the shareholder's meeting, as required by regulations in force.

According to Article 18 of the company's articles of association, the board is invested with decision-making powers in respect of establishing the company's general management policies and approving its strategic, industrial and financial plans and transactions of considerable economic, equity and financial importance, including those with related parties. These powers extend to the definition of the company's overall organizational layout, the approval and modification of internal regulations and setting up advisory or co-ordinating committees or commissions.

The board is the only corporate body empowered to pass resolutions on the setting up or closure of secondary offices, appoint board members invested with powers of corporate representation and signature as well as to decide on mergers, in the cases permitted under law, on the amendment of the provisions of the articles of association that may be incompatible with new regulatory requirements.

In its capacity as parent company of the Banca Generali group, the bank's board of directors is also assigned exclusive competence over resolutions concerning the purchase and sale of shareholdings by subsidiaries as well as for establishing the criteria for co-ordinating and managing group companies and for implementing the instructions issued by the Bank of Italy in the interest of the group's stability.

Finally, in line with regulations applicable to companies providing investment services, the board of directors is also invested with sole competence to determine the corporate policies, measures, processes and procedures best suited to containing risk, protecting the stability of the company's assets and ensuring prudent and healthy company management. The meeting of the board of directors holds usually once a month.

Generali Group
Numero Verde 800-155155