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Committees

Appointments and Remuneration Committee

During the Board Meeting held on 26th June 2018, the new Appointments and Remuneration Committee was appointed; the Company, in accordance with the Code of Conduct for Listed Companies, opted for a single Committee which performs its functions both with regard to appointments and remuneration. The Committee makes proposals to the Board of Directors for the remuneration of the Chief Executive Officer and the other Directors who cover specific offices. Furthermore, it makes proposals with regard to the appointments and remuneration of the Company's senior management and other corporate figures. The Committee aids the Board of Directors in the preparation and implementation of any remuneration plans based on shares or financial instruments and assesses the adequacy and application of the Remuneration Policy and the related annual report. It is made up of three members of which two independent directors and a third, in any event, non-executive member.

 

Paola De Martini     President
Anna Belova
Alina Sychova

 

Control and Risk Committee

On September 10 2018 the Board of Directors appointed the Control and Risk Committee. The Committee is in  charged with the task of supporting, on the basis of an adequate control process, the evaluations and decisions to be made by the Board of Directors in relation to the internal control and risk management system, as well as to the approval of the periodical financial reports.

 

Anna Belova   President
Paola De Martini    
Oleg Anikin

 

Committee for Transactions with Related Parties

 

 

On September 10 2018 the Board of Directors appointed the Committee for Transactions with Related Parties.The Company's regulation for transactions with related parties provides for various approval procedures for transactions with related parties based on their relevance, value and nature. In some cases, a specific committee is expected to take part, generally with preliminary and consultative functions, consisting of three directors, non-executive and non-related and, at least the majority, independent.

 

Paola De Martini   President
Anna Belova