Functions of the Board of Directors

The Board of Directors is entrusted with the general powers of ordinary and extraordinary administration of the company, except for those powers reserved by law for the Shareholders' Meeting.

General Duties of the Board of Directors

General Duties of the Board of Directors

Among other responsibilities, the Board of Directors is responsible for establishing, transferring, and eliminating subsidiaries or representative offices; acquiring, constructing, and selling real estate other than those leased by Banco Desio in the course of its institutional activities; and determining the guidelines for the direction and coordination of the banking group companies and other controlled entities, as well as the criteria for implementing instructions from the Bank of Italy.

Main Functions of the Board of Directors

The Board of Directors operates in several areas, with defined duties.

Strategic Lines and Operations

This includes decisions regarding business management, industrial and financial plans, the internal control system, and risk management.

Internal Regulations

The Board has the authority to issue and amend internal regulations, particularly the "Internal Regulation of Corporate and Group Bodies." Any provisions concerning the internal control system require approval by the Board of Statutory Auditors.

Equity Investments

The acquisition and disposal of equity investments that lead to changes in the banking group or that exceed approval thresholds according to applicable regulations.

Shares

The Board delegates, within defined limits, the conditions and procedures for buying and selling shares of listed controlled companies on regulated markets, in compliance with regulations regarding issuers, intermediaries, and markets, and below authorized thresholds.

Appointments

Appointments of heads of internal control functions, subject to approval by the Board of Statutory Auditors; the establishment, appointment, and governance of committees with advisory, supervisory, and/or coordination functions; appointment of the General Manager, Deputy General Managers, and Executives, with determination of their powers and those of the Senior Management.

Governance Documents
Attività (relazione annuale sul governo societario e sugli assetti proprietari del Gruppo)
(5.34 MB)