Corporate Bodies

Corporate Bodies

illimity Bank S.p.A. adopts a traditional administration and control system, suitable for ensuring the efficiency of management and the effectiveness of controls and therefore guaranteeing the sound and prudent management of the illimity Bank S.p.A. Group. This system is based on the presence of two corporate bodies of appointment by shareholders: the Board of Directors and the Board of Statutory Auditors.

The members of the Board of Directors and the Board of Statutory Auditors are appointed by the Shareholders' Meeting on the basis of the list voting mechanism. This voting system, which provides for the use of lists of candidates competing with each other, guarantees the appointment of representatives of minority shareholders.

illimity’s Board of Directors has set up the following five internal committees having investigative, consultative and proposition-making functions, also in line with applicable laws and regulations and the provisions of the Corporate Governance Code: Risks Committee, Remuneration Committee, Nominating Committee, Related Party Transactions Committee, Sustainability Committee.
1-reason 2x

Board of Directors

The Board of Directors plays a central role in the business organisation, heading the functions and being responsible for the Company’s strategic and organisational direction as well as for ensuring the existence of the controls required to monitor the operations of the Company and its subsidiaries.

1-reason-copy-2@2x

Board of Statutory Auditors

The Board of Statutory Auditors performs the duties and exercises the control functions provided by law and by supervisory and regulatory requirements, as applicable at the time, and reports to the Supervisory Authority pursuant to applicable legal and regulatory provisions.

1-reason-copy@2x

Committees

Five Committees having investigative, consultative and proposition-making functions: Risk Committee, Remuneration Committee, Nominating Committee, Related Party Transactions Committee, Sustainability Committee.