Board of Directors. Pursuant to the articles of association of the Issuer, the Issuer is managed by the Board of Directors composed of at least three members, who need not be shareholders of the Issuer. The general meeting of shareholders appoints the directors and determines their number, remuneration and the term of their office. Directors cannot be appointed for more than six years and are re-eligible. Directors may be removed at any time (with or without cause) by a resolution of the general meeting of shareholders. All powers not expressly reserved to the shareholders by the law of Luxembourg of 10 August 1915, on commercial companies, as amended (the “Commercial Companies Law”) or the article of association fall within the competence of the Board of Directors, which has all powers to carry and approve all acts and operations consistent with the corporate object. The Board may establish one or several internal committees and shall determine their power and composition (see “—Corporate Governance”). Pursuant to the articles of association of the Issuer, the Board of Directors can validly deliberate and act only if is present or represented a majority of its members. The resolutions of the Board of Directors are validly taken by a majority of the votes of directors present or represented. The chairman has a casting vote in the event of tie. Any director having an interest conflicting with that of the Issuer in a transaction carried out otherwise than under normal conditions in the ordinary course of business, must advise the Board of Directors thereof and cause a record of his statement to be mentioned in the minutes of the meeting. The director concerned may not take part in these deliberations. A special report on the relevant transactions is submitted to the shareholders before any vote, at the next General Meeting. The persons set forth below are the current members of the Board of Directors of the Issuer. The Board of Directors of the Issuer manages the business activities of the Issuer. The Directors of the Issuer are all domiciled for the carrying out of their duties at the Issuer’s operational headquarters.
Board of Directors. Management of IVS Italia is the exclusive responsibility of the administrative body, who shall carry out all the acts, legal transactions and the actions necessary to pursue the company’s object. Pursuant to the articles of association of IVS Italia, IVS Italia is managed alternatively by a sole director or by the Board of Directors composed of a minimum of 9 to a maximum of 13 members, appointed by the General Meeting, who need not be shareholders of the IVS Italia. Directors shall be appointed for a period established at the time of appointment, which may in no event be greater than three fiscal years, and they are eligible for re-election. Directors may be removed at any time (with or without just cause) by a resolution of the General Meeting of shareholders. In the event of revocation resolved without just cause, the director is not entitled to any compensation for damage. Pursuant to the articles of association of IVS Italia, the Board of Directors can validly deliberate only if is present a majority of its members. The resolutions of the Board of Directors are validly taken by a majority of the votes of directors present. In case of a tie the vote of the person chairing the meeting shall prevail. The persons set forth below are the current members of the Board of Directors of IVS Italia. The Board of Directors of IVS Italia manages the business activities of IVS Italia. The Directors of IVS Italia are all domiciled for the carrying out of their duties at IVS Italia’s registered office. Mr. Xxxxx Xxxxx .............................................................. 72 Chairman Ms. Xxxxxxx Xxxxx .......................................................... 73 Director Mr. Xxxxxxxx Xxxxxxxxxx................................................. 59 Director Mr. Xxxxx Xxxxxxx........................................................... 70 Director Mr. Xxxxxxx Xxxxxxx ........................................................ 53 Director Mr. Xxxxxx Xxxxxxxx ...................................................... 79 Vice Chairman Mr. Xxxxxxx Xxxxxxxxxxx ................................................ 50 Director
Board of Directors. Management of the S. Italia is the exclusive responsibility of the administrative body, who shall carry out all the acts, legal transactions and the actions necessary to pursue the company’s object. Pursuant to the articles of association of S. Italia, S. Italia is managed alternatively by a sole director or by the Board of Directors composed of a minimum of 3 to a maximum of 13 members, appointed by the General Meeting, who need not be shareholders of the S. Italia. Directors shall be appointed for a period established at the time of appointment, which may in no event be greater than three fiscal years, and they are eligible for re-election. Directors may be removed at any time (with or without just cause) by a resolution of the General Meeting of shareholders. In the event of revocation resolved without just cause, the director is not entitled to any compensation for damage. Pursuant to the articles of association of S. Italia, the Board of Directors can validly deliberate only if is present a majority of its members. The resolutions of the Board of Directors are validly taken by a majority of the votes of directors present. In case of a tie the vote of the person chairing the meeting shall prevail. The persons set forth below are the current members of the Board of Directors of S. Italia. The Board of Directors of S. Italia manages the business activities of S. Italia. The Directors of S. Italia are all domiciled for the carrying out of their duties at S. Italia’s registered office.
Board of Directors. Article 17)
Board of Directors. In accordance with its by-laws, the Issuer is managed by a board of directors composed of at least three members. A supervisory board forms part of the board of directors, which is comprised of three independent directors and performs the control functions, with specific reference to the duties that the current regulations assign to the control body. The supervisory body is entrusted with all the powers, including those of inspection and reporting to the authorities, in accordance with applicable laws and supervisory regulations. The current members of the board of directors and supervisory board were appointed by a resolution of the Issuer’s shareholders at a meeting held on 16 April 2018, and will hold office until the approval of the Issuer’s financial statements for the financial year ended on 31 December 2020. The names of the members of the board of directors are set forth in the following table. Xxxxxx Xxxxxxx Chairman Padua, 17 April 1962 Xxxxxx Xxxxxxx C.E.O. Padua, 27 October 1958 Xxxxxx Xxxxxxx Vice-chairman Padua, 23 April 1966 Xxxxxx Xxxxxxx Director Venice, 19 July 1965 Xxxxxxxxx Xxxxxxxxx Director - Chairman of the Supervisory Board Treviso, 14 January 1962 Xxxxxxxxx Xxxxxxxxx Director - Supervisor Concordia sulla Secchia (MN), 25 July 1950 Xxxxxxxx Xxxxxx Director - Supervisor Padova, 20 April 1963 The following table sets out the principal activities performed by the members of the board of directors outside the Issuer and the Guarantor. Xxxxxx Xxxxxxx FINAID S.p.A. Shareholder FINAID S.p.A. Director Confindustria Veneto Chairman Confindustria Veneto SIAV Spa Chairman Fondazione il Campiello Chairman Fondazione Nordest Director Fondazione Xxxxxxxxx e Xxxxxx Xxxxxxx Chairman Xxxxxx Xxxxxxx Tecnostrutture S.r.l. Director Fondazione Xxxxxxxxx e Xxxxxx Xxxxxxx Director Xxxxxx Xxxxxxx FINAID S.p.A. Shareholder FINAID S.p.A. Chief Executive Officer
Board of Directors. The articles of association contain no provisions with regard to the remuneration (including pensions and other benefits) of the Board of Directors. The expenses of the Board of Directors are reimbursed. Its remuneration must be approved by the shareholders of the Company at the general meeting.
Board of Directors. LIST no. 1 filed by OMNIAFIN S.p.A. and MTI INVESTIMENTI S.r.l. – as Parties of a Shareholders’ agreement in accordance with Article 122, Paragraph 1, of the TUF – collectively holders of no. 3,131,013 ordinary shares, representing 22,834% of the share capital: Xxxxxxxx Xxxxxx Xxxxxx, Xxxxxxx Xxxxxx, Xxxxx Xxxxxxxx, Xxxxxxx Xxxxxxxxxx, Xxxxx Xxxxxxxxxx, Xxxxxxx Xxxxxxx, Xxxxxx Xx Xxxxx, Xxxxxxx Xxxxxxxxxx, Xxxxxxxxxx Xxxxxxx, Xxxxxxx Xxxxxxxxxx. LIST no. 2 filed by a group of Investors – collectively holders of no. 1,579,507 ordinary shares, representing 11.51916% of the share capital: Xxxxxxxxx Xxxxxxxx, Xxxxxx Xxxx.
Board of Directors. Article 28 jointly with others, represent at least the minimum percentage of share capital prescribed by applicable legislation, are entitled to submit a list, as is the Board of Directors. Each person entitled to vote, the companies that are either directly or indirectly controlled by them and under joint control, can only present one list. No account shall be taken of any support to any of the lists violating the provisions of the previous sentence.
Board of Directors. Your Bank has Nine (9) Directors consisting of two (2) promoter Directors, 8 Non-Executive Directors, as on 31st March, 2020. Non Independent Executive Directors Xx. X. X. Xxxxxxxx, Non Independent Executive Director has served as Interim Chairman & MD of the Bank from June 10, 2019 to October 09, 2019 and has been serving as the Chairman & MD of the Bank under section 10BB of the Banking Regulation Act, 1949 since October 10, 2019. Mr. Xxxxxx Xxxxx, Non Independent Executive Director served as the Chairman & CEO of the Bank from October 06, 2016 to June 08, 2019. Non Independent Non-Executive Directors Xx. Xxxx Xxxxx Xxxxx, IAS, Financial Commissioner to Govt. of J&K, Finance Department, Xx. Xxxxx Xxxxxx, IAS Principal Secretary to Lt. Governor, Govt. of J&K, Xx. Xxxx Xxxxx Xxxxx (RBI Nominee), Xx. Xxxxxx Xxxxxx and Xx. Xxxxx Xxxxxxxx are the Non Independent Non-Executive Directors of the Bank.
Board of Directors. As on date of this report, the Board consists of Nine (09) Directors consisting of Chairman & MD and 08 Non-Executive Directors. Independent and Non–Independent Non-Independent Executive Director Xx. X. X. Xxxxxxxx, Non Independent Executive Director has been serving as the Chairman & MD of the Bank under Section 10BB of the Banking Regulation Act, 1949 since October 10, 2019 with the approval of Reserve Bank of India (RBI). Non-Independent Non-Executive Director Xx. Xxxx Xxxxxx, IAS, Financial Commissioner to Govt. of J&K, Finance Department (Additional Chief Secretary), Xx. Xxxxxxxxx Xxxxx, IAS, Xx. Xxxx Xxxxx Xxxxx (RBI Appointed Additional Director), Xx. Xxxxxx Xxxxxx and Xx. Xxxxxx Xxxxx Wani are the Non-Independent Non-Executive Directors of the Bank.