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D&O (Directors & Officers) insurance policy |  | |
D&O (Directors & Officers) insurance policy covering third-party liability
of members of the Company’s governing bodies. | |
| Having regard to the characteristic features of the Company and the Group business,
the Shareholders’ Meeting held on April 24, 2010 resolved:
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that the Company should pay any compensation deriving from liability towards
third parties for prejudicial acts performed by the Directors and Internal Auditors
in the exercise of their functions, excluding cases of fraud and wilful misconduct,
up to the maximum limit of € 100 million;
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to authorise the Board of Directors to take out an insurance policy to cover
the third–party liability of the Company’s Directors and Internal Auditors (Directors'
and Officers' Liability Insurance - D&O), on the following broad terms:
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duration: 12 months, renewable from year to year until the authorisation is revoked
by the General Meeting;
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maximum cover: € 100 million per claim, in annual aggregate and per period of
cover;
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excluding cases of fraud and gross negligence;
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annual premium: approx. € 1,5 million (maximum amount).
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last update on 20-04-2012 11:31
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Focus
Corporate Governance and
Share Ownership
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