Cattolica is a cooperative company with a one-tier governance system, approved by the Annual General Meeting of 28 April 2018 and authorised by the Italian Supervisory Authority for Private Insurance. This governance system went into effect starting from the Annual General Meeting of 13 April 2019.
The Board of Directors selected by the Annual General Meeting of 13 April includes 17(**) directors, 3 of which are also members of the Management Control Committee.
The role and function of the Cattolica Assicurazioni corporate bodies for 2019 are described in detail in the Corporate governance and ownership structure report. As concerns the new one-tier governance system, the same is regulated in detail in the Articles of association.
The composition of the current Board of Directors is provided below.
Board of Directors
The Board of the Company includes 17(**) Directors that are selected amongst the Members by the Members' Meeting from specific lists. The Board is vested with extensive powers of ordinary and extraordinary management of the Company, within the limits set by the Law and the By-laws. The administrative body is specifically tasked with the approval of the company’s strategic, industrial and financial plans, the more significant economic and financial operations, the proposal for the allocation of profits, selection of the general directors and the internal board committees and the definition of the related powers and functions.
The administrative body was selected on the occasion of the Annual General Meeting which will approve the Financial Statements as at 31 December 2018.
| || |
First Vice Chairman
|Cesare Brena (*)|
(*) The directors whose names are marked by an asterisk make up the Management Control Committee, chaired by Mr G. Glisenti.
(**) Until 29.05.2020, date of the resignation of dr. A. Minali.
Composition of the Board
|Name||Appointments Committee||Internal Control and Risk Committee||Compensation Committee||Related-Party Committee||Corporate Governance and Sustainability Committee|
|Paolo Bedoni *||X||X|
|Bettina Campedelli *||X||X||X|
|Luigi Castelletti *||X|
|Chiara de' Stefani *||X||X|
* Chairman of the Committee
Compensation Committee: Chiara dè Stefani,
Internal Control and Risk Committee: Bettina Campedelli,
Appointments Committee: Paolo Bedoni,
Related-Party Committee: Luigi Castelletti,
Corporate Governance and Sustainability Committee: Paolo Bedoni.
|Name||office||Independence TUF||Independence Self-Governance Code|
|Aldo Poli||Deputy Vice Chairman||Yes||No|
|Barbara Blasevich||Vice Chairman||Yes||No|
|Chiara de Stefani||Director||Yes||Yes|
* Recognition of the Board of Directors of 13 February 2020
The table shows the percentages of attendance at meetings of the Board of Directors by the Directors referring to the year 2018. For more information, see the Corporate Governance Report.
|Aldo Poli||Deputy Vice Chairman||83.3%|
|Manfredo Turchetti||Vice Chairman||75%|
|Chiara de' Stefani||Director||83.3%|