Corporate Bodies

Corporate Bodies

illimity Bank S.p.A. adopts a one-tier governance model, 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 a Board of Directors and a Audit and Internal Control Committee constituted within it, both appointed by the Shareholders' Meeting.

The members of the Board of Directors and the Audit and Internal Control Committee 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
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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 organizational direction as well as for ensuring the existence of the controls required to monitor the operations of the Company and its subsidiaries.

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Audit and internal control committee

The Audit and Internal Control Committee 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.

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Committees

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