Prospectus - Notowania

10.5. Information regarding the expected sources of financing necessary to fulfil commitments relating
to the main future investments of the Group and existing or future tangible fixed assets ........... 265
11. RESEARCH AND DEVELOPMENT, PATENTS AND LICENCES ........................................... 266
11.1. Research and development activities ................................................................................................ 266
12. INFORMATION ON EXPECTED TRENDS.................................................................................. 267
12.1. Significant recent trends in the performance of production, sales and stocks, and in the
development of costs and sale prices from the close of the last financial year until the date of the
Prospectus............................................................................................................................................ 267
12.2. Information on trends, uncertainties, requests, commitments or notable events that could
reasonably have a significant impact on the prospects of the company, at least for the year in
progress................................................................................................................................................ 267
13. PROFIT FORECASTS OR ESTIMATES ....................................................................................... 268
14. administration, management or supervisory bodies and senior managers.................................... 269
14.1. Information on administrative, management and control bodies and senior managers .............. 269
14.1.1. Board of Directors ............................................................................................................................... 269
14.1.2. Board of Statutory Auditors................................................................................................................. 290
14.1.3. Senior management and other executives........................................................................................... 298
14.2. Conflict of interest of the administration, management and control bodies and senior managers
.............................................................................................................................................................. 305
14.2.1. Potential conflicts of interest of members of the Board of Directors, Board of Statutory Auditors or
senior managers................................................................................................................................... 305
14.2.2. Agreements or understandings with the main shareholders, customers, suppliers or other entities, as
a result of which the members of the administrative, management or control bodies or senior
managers are chosen ........................................................................................................................... 306
14.2.3. Agreed restrictions by members of the Board of Directors and/or Board of Statutory Auditors and/or
managers with regards to the sale of Issuer securities ....................................................................... 306
15. COMPENSATION AND BENEFITS............................................................................................... 308
15.1. Compensation and benefits to members of the Board of Directors and Board of Statutory
Auditors, the General Manager and other key management personnel ........................................ 308
15.2. Provisions or accruals by the Issuer or other Group companies for pensions, employee severance
benefits or other similar benefits....................................................................................................... 313
16. BOARD OF DIRECTORS' PRACTICES........................................................................................ 314
16.1. Term of appointment for Directors in relation to the Issuers’ latest financial year close ............ 314
16.2. Disclosure of employment contracts stipulated between directors and statutory auditors and the
Issuer or with subsidiaries that provide for employee severance indemnities............................... 315
16.3. Compositions and responsibilities of the Internal Control and Risks Committee and
Remuneration Committee.................................................................................................................. 316
16.4. Statement that the Company complies with corporate governance regulations in effect............. 318
17. EMPLOYEES ..................................................................................................................................... 320
17.1. Number of employees ......................................................................................................................... 320
17.2. Equity investments and stock option plans....................................................................................... 320
17.3. Description of other employee agreements for equity investments in the Company’s share capital
.............................................................................................................................................................. 321
17.3.1. 2009 UniCredit Group Employee Share Ownership Plan.................................................................. 321
18. PRINCIPAL SHAREHOLDERS...................................................................................................... 324
18.1. Principal Company Shareholders ..................................................................................................... 324
18.2. Other voting right for principal shareholders.................................................................................. 324
18.3. Parent Company ................................................................................................................................. 324
18.4. Agreements that may result in a change to the Company’s ownership structure......................... 324
19. RELATED-PARTY TRANSACTIONS ........................................................................................... 326
19.1. Introduction ........................................................................................................................................ 326
19.2. Relationships and transactions with related parties........................................................................ 326
19.3. Intra-group rendering of services...................................................................................................... 330
19.4. Intra-group transactions .................................................................................................................... 330
19.5. Other Related-Party Transactions .................................................................................................... 334
20. FINANCIAL INFORMATION REGARDING THE COMPANY’S ASSETS AND LIABILITIES,
CASH FLOW AND PROFITS AND LOSSES................................................................................. 335
20.1. Financial information for past financial years ................................................................................. 335
20.2. Pro-forma financial information ....................................................................................................... 339
20.3. Financial statements ........................................................................................................................... 339
- 4 -