The Shareholders’ Meeting is the body that expresses the company’s will through resolutions that are binding for all of its Members.
The Shareholders’ Meeting has the authority to pass resolutions with the methods and on the matters provided for by law and the Articles of Association in ordinary and extraordinary sessions. In particular, the Ordinary Shareholders’ Meeting appoints and removes directors, statutory auditors and the auditing firm, providing for their fees, and approves the financial statements; the Extraordinary Shareholders’ Meeting resolves on the amendments to the Articles of Association and on extraordinary transactions such as share capital increases, mergers and demergers.
The Ordinary Shareholders’ Meeting is convened at least once a year to approve the financial statements which must take place within 180 days from the end of the reporting period.
The exact date is announced to the market by way of the financial calendar which is usually disclosed at the start of the reporting period.
The Shareholders’ Meeting is chaired by the Chairman of the Board of Directors who is assisted by a Secretary.
The recommendation contained in the Code of Conduct to consider the Shareholders’ Meeting as a key opportunity for shareholders and the Board of Directors to share their views (despite the highly diversified methods used by listed companies for communicating with their shareholders, institutional investors and the market) has been carefully assessed and fully shared by the Company.