In anticipation of the upcoming Shareholders’ Meeting scheduled for May 17th, 20th, and 24th, 2024, Leonardo S.p.A. has announced the availability of slates of candidates for the appointment of the Board of Statutory Auditors. The meeting will conduct itself in an Extraordinary session on the 17th, 20th, and 24th of May (first, second, and third call, respectively) and in an Ordinary session on the 17th and 24th of May (first and second call respectively). This crucial assembly will determine the new Board of Statutory Auditors members who will serve from 2024 to 2026.
The disclosed slates of candidates can be accessed at Leonardo’s headquarters, located in Rome at Piazza Monte Grappa 4. Furthermore, these materials are publicly available for review at Borsa Italiana S.p.A., on Leonardo’s official website (within the “2024 Shareholders’ Meeting” section), and on the eMarket Storage website. Alongside these lists, necessary documents and information as demanded by prevailing legal protocols are provided for stakeholders’ perusal.
The first slate is put forward by the Italian Ministry of Economy and Finance, owning approximately 30.204% of Leonardo’s share capital, showcasing its substantial stake in the corporation and implying the significance of their nominations for the board’s composition.
Similarly, the second slate comes from a coalition of asset management firms and other institutional investors, collectively holding around 1.02217% of Leonardo’s capital. This group’s participation underscores the broad interest and investment in selecting competent auditors to ensure the company’s governance standards and financial reporting integrity.
In complement to presenting the slate, the shareholder Italian Ministry of Economy and Finance has conveyed an individual resolution proposal concerning the remuneration for the Board of Statutory Auditors members. This proposal outlines the annual gross remuneration as follows:
- Chairman: €80,000
- Regular Auditor: €70,000 for each auditor
The offering institutions contributing to the second slate encompass a diverse array of asset management firms with a vested interest in Leonardo S.p.A. This collective includes notable names such as Arca Fondi Sgr S.p.A., BNP Paribas Asset Management, Eurizon Capital S.A., and Generali Asset Management S.p.A., among others. These entities manage a variety of funds and portfolios, illustrating the extensive and varied interest from the finance and investment community in the governance of Leonardo.
The assembly of candidates and the corresponding proposals for remuneration delineate a key moment for Leonardo’s stakeholders, offering a window into the anticipated governance and oversight dynamics for the forthcoming term. Stakeholders are encouraged to review these slates to understand better the profiles and propositions that will shape the leadership and fiscal scrutiny of the company in the following three years.
As Leonardo S.p.A. progresses towards this pivotal shareholders’ meeting, the submissions from both the Italian Ministry of Economy and Finance and a collection of astute institutional investors set the stage for significant governance decisions. These nominations for the Board of Statutory Auditors not only comply with the required legal and corporate mandates, but they also reflect the strategic interests and diverse perspectives within the company’s shareholder base. As such, this process is vital for upholding Leonardo’s commitment to accountability, transparency, and excellence in its operations and reporting.
