Board of Directors

The Board of Directors is responsible for the strategic guidance and supervision of the Company’s overall business activities, in line with the requirements relating to the traditional administration and control model and with the power to direct its overall  administration and the power to intervene directly in a series of significant decisions necessary or useful to achieve the company purpose.

The Board of Directors is empowered to assume the most important decisionsIndeed, the Board of Directors is empowered to assume the most important decisions in economic/strategic terms or in terms of the structural impact on operations, or functional to Pirelli exercising the control and policy-making activity.
When carrying out its duties, the Board of Directors avails of the support provided by special Board Committees with fact-finding, proposing and/or advisory duties, as well as managerial committees composed of senior management which implement the directives and the policies established by the Board of Directors and by the Executive Directors (in this regard, the reader is referred to the “Managerial Committees” section) and collaborate with the latter to define the proposals to be submitted to the Board concerned.

The Board of Directors’ meetings are attended by members of management, at the invitation of the Chairman and the Managing Director, to favour precise and in-depth knowledge of the business performed by the Company and by the Group on the part of the Directors and the Board of Directors as a whole, as well as to favour access to senior management to enhance the Board of Directors’ ability to supervise the business activities.
In particular, the participation of the Chief Operating Officer (General Manager) and the other Executives with strategic responsibilities (General Counsel and the General and Institutional Affairs Manager; the Management Control Manager, the Administration and Finance Manager and the Responsible Officer) in the Board of Directors’ meeting is a long-established practice.

Other members of management may be invited, from time to time, to participate in individual meetings to discuss specific topics on the Agenda.