Board of Directors' meetings

As envisaged by the Articles of Association, the Board of Directors meets on at least a quarterly basis to inform the Board of Statutory Auditors on the Group's activities and on the most important business, financial and capital transactions undertaken by the company or its subsidiaries, and particularly those where there may be a potential conflict of interest.

During the 2016 financial year the Board of Directors held 8 meetings, while for the year 2017 there are expected to be no fewer than 8 meetings.
The average duration of the meetings held by the Board of Directors was around 2 hours and 30 minutes.
(Source: Executive Summary, ERG Report on Corporate Governance and Ownership at 31.12.2016)
(Source: ERG Report on Corporate Governance and Ownership at 31.12.2016)