New Shareholders Agreement definition
Examples of New Shareholders Agreement in a sentence
Pursuant to the New Shareholders Agreement, CNRC and MTP agreed that the Pirelli Chairman shall have the power to legally represent the Company, as well as all the other powers granted to the Chairman according to the current by-laws of Pirelli, without prejudice to the powers and prerogatives of the Board of Directors.
The essential information of the New Shareholders Agreement relating to Pirelli are described herein-below.
The provisions set forth in the New Shareholders Agreement are relevant pursuant to Article 122, paragraphs 1 and 5, letters a) and b), of the Consolidated Financial Act.
The New Shareholders Agreement does not provide for any relevant body.
As general principle of the New Shareholders Agreement, MTP and CNRC have acknowledged that, in coherence with what already set forth in the First Shareholders Agreement, the governance structures are aimed at continuing the Pirelli’s business and entrepreneurial culture by leveraging on the management retention in the long run and shall be inspired by the best international practice of listed companies.