- Definition of Role Requirements and Collective Suitability Framework
- Key elements for UniCredit Board and Board Committees
Selection process and composition
The ongoing efforts for improving our governance has been reflected in the evolution of the Board of Directors in the last years, aimed at ensuring greater diversity.
In this page you can find information on the selection process and the composition of the current Board, as well as further details in view of the upcoming Board renewal (i.e., list of candidates approved by the UniCredit Board of Directors, as well as the 2024 Directors' qualitative and quantitative profile).
In line with the faculty expressly provided for in the Articles of Association, on February 16, 2024 the Board of Directors approved its own list of candidates for the positions of member of the Board of Directors and member of the Audit Committee in view of the Board renewal.
Please find additional details on the names of the candidates and their profiles in the document below "2024 AGM - Renewal of the Board of Directors".
The Board has taken into due account the need for complementarity in terms of professional experience and competencies as well as for the inclusion of individuals with broad international experience. In line with international best practices, the list includes 92% of independent directors - also in order to allow an optimal composition of Board Committees - with personal qualities suitable to ensure a constructive dynamic in the Board.
Qualitative and quantitative profile
The "Qualitative and Quantitative Composition of the UniCredit S.p.A. Board of Directors" reports the results of the ex-ante analysis carried out by the UniCredit Board of Directors on its own qualitative and quantitative composition deemed to be optimal for the proper performance of the duties and responsibilities assigned to it, in accordance with both current laws and regulatory provisions.
Said composition has been approved by the UniCredit Board of Directors on February 16, 2024 - also on the basis of the advisory activities carried out by the Corporate Governance & Nomination Committee - and is disclosed to the market and, more specifically, to the UniCredit shareholders in order for the choice of the candidates, to be filed for the Board of Directors appointment, to take into consideration the professional experience required. Shareholders may carry out their own assessment on the best composition of the Board itself and file lists of candidates in line with the same, giving the reasons for any differences vis-à-vis the analyses carried out by the Board.