Board of directors

Board of directors

The Board of Directors performs a pivotal role within the corporate organization. Its task and responsibilities include setting strategic and organizational guidelines and ensuring that adequate controls to monitor the performance of the Group are in place.

Based on the By-laws of Sanlorenzo, the Board of Directors is composed of a minimum of 7 up to a maximum of 15 members.
Directors will remain in office for a period not in excess of three fiscal years and their office will terminate on the date of the Shareholders’ Meeting called for the approval of the financial statements of the last financial year of their office.

The Chairman of the Board of Directors is appointed by the Shareholders’ Meeting among the Directors or, upon failure of the Shareholders’ Meeting to do so, it is elected by the Board of Directors.

The Board of Directors may appoint a Deputy Chairman performing the duties provided for in the By-laws.

The Board of Directors may also establish internal committees, determining the number of its members and their powers.

The Board of Directors currently in office was appointed by the Shareholders’ Meeting on 24 June 2019 and subsequently amended with resolution dated 24 October 2019 for a three-year period and, therefore, until approval of the financial statements as at December 31, 2020.

The Board of Directors has established four committees: the Control, Risks, and Sustainability Committee, the Remuneration Committee, the Nomination Committee and the Related Parties Committee.

Composition

9 members total, of which:
3 executive (Executive Chairman and 2 Executive Officers)
6 non executive (of which 4 Independent Directors)