Sustainability Report 2012 - Generali Versicherung AG

CORPORATE BODIESBoard ofStatutoryAuditorsEugenio ColucciCHAIRMANBoard ofDirectorsGabriele Galateri di GenolaCHAIRMANEXECUTIVENON EXECUTIVEINDEPENDENT *R.C.C.R.C.A.C.G.C.I.C.Gaetano TerrinPERMANENT AUDITORGiuseppe Alessio VerniPERMANENT AUDITORMaurizio DattiloSUBSTITUTEVincent BolloréVICE-CHAIRMANFrancesco Gaetano CaltagironeVICE-CHAIRMANFrancesco FallacaraSUBSTITUTEMario GrecoGROUP CEOOrnella BarraBOARD MEMBERAlberta FigariBOARD MEMBERLorenzo PellicioliBOARD MEMBERAcronym legendR.C.C.RISK AND CONTROL COMMITTEER.C.REMUNERATION COMMITTEEA.C.G.C.APPOINTMENTS AND CORPORATEGOVERNANCE COMMITTEEI.C.INVESTMENTS COMMITTEESabrina PucciBOARD MEMBERClemente RebecchiniBOARD MEMBERPaola SapienzaBOARD MEMBERPaolo ScaroniBOARD MEMBER* independence criterion as envisaged in the Art. 3.C.1. of the Self-regulatory Code of listed companiesThe composition of the new Board of Directors complieswith the gender quota envisaged by regulations in force(known as the Golfo-Mosca Law): the number of womenon the Board has increased to four, and women nowrepresent 36.4% of the Board, much higher than therequired minimum.The model Generali has selected requires a clearseparation between the functions of the Chairman of theBoard of Directors and those of the Managing Director.The Chairman has the power of legal representation ofthe Company and does not hold an operational role, ashe is not assigned further powers in addition to those setforth in the Articles of Association.In line with the provisions of the Articles of Association,the Board of Directors has appointed a ManagingLaw no. 120 of 12 July 2011 (known as theGolfo-Mosca Law) introduced the gender quotasfor the composition of the Boards of Directors andBoards of Statutory Auditors of listed companiesin Italy, as they have been in other European legalsystems. With a view to substantive equality,aiming at promoting a balance between the gendersand, at the same time, favouring the access of theless represented gender to corporate positions,the Law requires that the corporate bodies of listedcompanies ending their terms of office from 12August 2012 reserve a quota of at least one-fifthof the bodies’ members to the less-representedgender. Starting from the second time thecorporate bodies are reformed, the number ofwomen must equal at least one-third. Sanctionsare envisaged for listed companies which do notcomply with this law.28 | Assicurazioni Generali - Sustainability Report 2012