The shareholders' meeting is at the core of the relationship between the company and its shareholders.


The shareholders are called upon to resolve on various issues of corporate life, and the decisions adopted are binding. The methods and topics on which the shareholders' meeting is called to express its opinion are indicated by law and by the Articles of Association.
The meetings may take place in ordinary and extraordinary session, depending on the issues on which the shareholders are called to express their opinion.

In ordinary session, the shareholders' meeting resolves on:

• appointment and removal of directors, statutory auditors and the independent auditors and their remuneration;
• approval of the financial statements and distribution of profits;
• personnel remuneration policies and remuneration plans based on financial instruments;
• setting of the remuneration to be granted in the event of early termination of the employment relationship or early termination of office;
• setting of a ratio higher than 1:1 (in any case no higher than the ratio of 2:1) between the variable and fixed component of the individual remuneration of personnel.

In extraordinary session, the shareholders' meeting resolves on:

• article of association amendments;
• extraordinary transactions, such as share capital increases, mergers and spin-offs.

The ordinary shareholders' meeting is called at least once a year within 120 days of the end of the financial year. Those who have the right to vote and in relation to whom notice has been given to the company in the manner and within the terms envisaged by current legislation may participate in Shareholders' Meetings.