The Company’s legal representation system is structured so as to ensure to highest
degree of flexibility and proper control over corporate resolutions and activities.
To this end, the Company legal representation is expressed by appending, beneath
the Company’s name, the joint signatures of the Chairman
, the Vice Chairman of the Board of Directors, the Managing Director
, the General Manager. The abovementioned representative may also act jointly with
another member of the Board of Directors, the General Manager, or one of the Company’s
In this latter case, such managers represent the Company also for those activities
which are outside their responsibility. If the legal representation is expressed
jointly by two of these managers, at least one of them must act in his area of
Under a resolution of the Board, Managing Directors, with a resolution deed,
registered at the Company Register Office of Trieste, determine the representation
powers of the Company’s managers , defining their area of responsibility.
The competent administration body may confer the representation powers to other
employees or to third parties by issuing special or general powers of attorney for single deeds or for categories of deeds. If representation powers are assigned to Company’s
officers on a steady basis, they represent the Company in their area of responsibility
only by signing jointly with another manager of the same area.