Board of Directors

Our Board of Directors is aligned with best international practice in terms of diversity, independence and blend of skills.

Our continuing focus on improving our corporate governance has led in particular to changes in the Board of Directors, the body responsible for the Group’s strategic supervision.

The changes take account of the best national and international practices, of developments in the regulations issued by both the ECB and the Bank of Italy, and also the results of the Board’s own self-assessment process.

Changes in composition

The Board of Directors appointed on 28 October 2023, and in office until the financial statements for the year ending 30 June 2026 have been adopted, consists of fifteen members, 80% of whom are independent and 47% of whom are women.

PREVIOUS BOARD CURRENT BOARD AVG. FTSE MIB COMPANIES*
NO. OF DIRECTORS 15 15 12.5
DIRECTORS APPOINTED BY MINORITY LISTS 13% 20% 9.4%1
NO. OF WOMEN DIRECTORS  40% 47% 40%1
NO. OF INDEPENDENT DIRECTORS  60% 80% 65%
AVERAGE AGE OF DIRECTORS 59 58 57
EXECUTIVE CHAIRMAN NO NO -
1  From Consob Report 2022 on Corporate Governance.
*   Consob: 2019 Report on corporate governance of Italian listed companies

Board of Directors: members

Massimo Bertolini

Segretario del Consiglio di Amministrazione

The composition of the current Board of Directors reflect a suitable combination of competences and professional skills, in line with the requirements set in the “Report on the qualitative and quantitative composition of the Board of Directors”.

Specific skills
  • Mediobanca businesses
    100%
  • Risk management
    93%
  • Internal control systems
    100%
  • Banking governance
    93%
  • Planning
    87%
  • Managerial capabilities
    87%
  • Bank accounting
    60%
  • Legal competences
    33%
  • Macroeconomics
    67%
  • Sustainability
    73%
  • IT & security
    27%
  • HR & Remuneration
    80%

% minimum target estabilished in the Report on the qualitative and quantitative Composition of the BoD 2023

Mediobanca businesses: knowledge, including strategic, of the banking businesses in which the Mediobanca Group operates (Corporate and Investment Banking, Wealth Management, Consumer Banking)

Risk Management (including environmental risks)

Internal control systems: compliance, AML and internal audit

Planning: including in terms of strategic allocation of regulatory and economic capital and risk measurement

Managerial capabilities and entrepreneurial experience

Bank accounting and reporting

Legal competences and regulatory

Macroeconomics/international economics

Corporate Governance Executive summary