|
CDP is governed by a Board of Directors, which has the widest-ranging authority to undertake all actions for the proper management of the company. Such an authority can only be delegated to the General Manager.
Decisions related to CDP's public role activities must be taken by its Board of Directors including the General Accountant of the Italian State, the Director General of the MEF and three experts on financial matters appointed by the MEF as representatives of local governments. A positive vote from at least two of these additional members is required to make decisions on such a matter.
A number of other corporate bodies, whose members are appointed by CDP's shareholders, has control and consulting powers as provided for by the Articles of Association of CDP Spa.
|
