BPER: communication following the news recently
published on some information media
Modena - July 19th 2012. Following the latest
news published on some information media, about the
resignation of Mr Romano Minozzi, who possesses the
independence requirements provided for by law, from his
office as Director of the Bank's Board, and the
inferences and inaccuracies which went along the
publication of this piece of news, Banca popolare
dell'Emilia Romagna, also on request of Consob,
wishes to specify the following.
The resignation, submitted on July 5th 2012, were
motivated with personal reasons, without reference
either to the office held or the activities of the
Board of Directors.
The Board of Directors of the Bank, which met on July
17th 2012, limited its task to the due acknowledged the
said resignation, which came immediately into effect as
of the date of submittal, pursuant to Art. 2385,
subsection 1 of the Italian Civil Code, and reserved
the right to take any additional decision, as may be
required, to substitute Mr Minozzi.
Accordingly, the Bank's Board of Directors is
currently composed of 18 members. Among these
Directors, the following ones are vested with special
offices: The Chairman of the Board of Directors, Mr
Ettore Caselli, the 2 Vice Chairmen, Mr Alberto Marri
and Mr Piero Ferrari, as well as the Managing Director,
Mr Luigi Odorici (who is also the General Director).
The Board of Directors, within the scope of its
functions and operations, as dictated by its
consolidated practice (confirmed in the last months as
well), took the decisions with the unanimous approval
of its members.
Finally, it should be noted that the Bank's Board
of Directors is currently examining possible measures
to be taken as regards corporate governance, with the
specific purpose of assuring that its development is in
line and consistent with the prescriptions and
instructions provided by the Authorities and it is also
aligned with the best market standards. Any amendment
proposals concerning the Articles of Association which
may be approved by the Bank's Board of Directors
shall be promptly notified to the market.