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 six 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:

• - Audit and Internal Control Committee
• - Risks Committee
• - Sustainability Committee
• - Remuneration Committee
• - Nomination Committee
• - Related Party Transactions Committee