Telecom Italia Media: april 11, 2008 Telecom Italia Media Board of Directors

04/11/2008 - 00:00 PM

- + Text size
Print

The Telecom Italia Media Board of Directors met today for the first time under Berardino Libonati’s chairmanship. At the meeting, Giovanni Stella was named Executive Deputy Chairman, and Antonio Campo Dall’Orto was confirmed as CEO.

The Board of Directors went on to assign the following powers:

 The Chairman: in addition to legally representing the company, the Chairman is vested with the functional responsibility of ensuring that the Board of Directors (and, where appropriate, Board Committees) is able to exercise general powers of supervision and oversight of operations undertaken by the company and Group.

 The Executive Deputy Chairman:  in addition to legally representing the company, and empowered to exercise on his sole signature all faculties necessary to take action regarding any and all company operations and actions, the Executive Deputy Chairman is vested with responsibility for overall Group management.

 The CEO referring to the Executive Deputy Chairman: in addition to legally representing the company, and empowered to exercise on his sole signature all faculties necessary to take action regarding any and all company operations and actions, the CEO is vested with responsibility for management of Group operations.

The Board resolved to establish:

An Internal Control and Corporate Governance Committee, on which directors Gianfranco Negri Clementi, Alessandro Ovi and Mario Zanone Poma sit.

A Remuneration Committee, on which directors Adriano De Maio, Candido Fois and Mario Zanone Poma sit.