Following the appointment, by the Shareholders' Meeting held on May 13th , 2015, of the Directors, the Board today checked the possession, by each Member, on the basis of the statements executed and of the information at the bank's disposal, of the integrity, experience and lack of ineligibility and forfeiture cases requirements, as required by current previsions, apart from the possession of the independence requirements envisaged by law, as mentioned by sec. 20 of the Articles of Association, by sec. 3 of the Code and by sec. 148 of the Legislative Decree no. 58/1998 (TUF).
The results of the aforesaid assessment are the following:
"independent" directors, pursuant to the Articles of Association, the corporate governance code and the TUF
Mohamed Badawy Al-Husseiny, Cesare Bisoni, Henryka Bochniarz, Alessandro Caltagirone, Luca Cordero di Montezemolo, Lucrezia Reichlin, Clara C.Streit, Paola Vezzani, Alexander Wolfgring and Elena Zambon.
"non-independent" directors, pursuant to the Articles of Association and the corporate governance code
Manfred Bischoff, Vincenzo Calandra Buonaura, Federico Ghizzoni, Helga Jung, Fabrizio Palenzona, Antony Wyand and Giuseppe Vita.
"non-independent" directors, pursuant to the TUF
Federico Ghizzoni and Helga Jung.
The Board of Directors moreover checked the correspondence between the best possible qualitative and quantitative characteristics of the Board and its actual make-up subsequent to the appointment process.
The Board of Directors finally verified the possession of the integrity and experience requirements, not to mention the independence requirements prescribed by law and by the Code, by permanent Statutory Auditor Angelo Rocco Bonissoni, appointed by the above Meeting.
Milan, June 11, 2015