Responsibilities of the members of the board of directors
Spazio Investment N.V. operates a one-tier governance structure with a single board of directors. The Board is responsible for the management of the Company and meets regularly throughout the year.
Corporate and administrative services, including budgeting, legal secretarial and investor relations services, are provided to the Company by the Corporate Manager, Pirelli RE Netherlands B.V., which is a wholly-owned subsidiary of Pirelli RE.
Following a resolution of the Extraordinary General Meeting of the Company held in Amsterdam on the 9th of December 2008, there are currently six directors on the Company's Board of Directors, four of whom, including the chairman, are independent Directors. Fabrizio Lauro is a representative of the Pirelli RE Group and Nicholas James is a representative of Laxey Partners.
In line with the Combined Code on Corporate Governance, the Company has established the following three committees: a remuneration committee, a nomination committee and an audit committee. The terms of reference of the committees have been supplemented with additional provisions from the Combined Code as applicable to AIM companies (taking into account the guidance for AIM companies issued by the Quoted Companies Alliance in July 2005). A brief description of the terms of reference of the committees is set out below.
John Duggan (Chairman - Independent)
Roy Dantzic (Independent)
Fabrizio Lauro (Pirelli RE)
Richard Mully (Independent)
Gualtiero Tamburini (Independent)
Nicholas James (Not Independent)
Spazio Investment N.V. operates a one-tier governance structure with a single board of directors. The Board is responsible for the management of the Company and meets regularly throughout the year.
Corporate and administrative services, including budgeting, legal secretarial and investor relations services, are provided to the Company by the Corporate Manager, Pirelli RE Netherlands B.V., which is a wholly-owned subsidiary of Pirelli RE.
Following a resolution of the Extraordinary General Meeting of the Company held in Amsterdam on the 9th of December 2008, there are currently six directors on the Company's Board of Directors, four of whom, including the chairman, are independent Directors. Fabrizio Lauro is a representative of the Pirelli RE Group and Nicholas James is a representative of Laxey Partners.
In line with the Combined Code on Corporate Governance, the Company has established the following three committees: a remuneration committee, a nomination committee and an audit committee. The terms of reference of the committees have been supplemented with additional provisions from the Combined Code as applicable to AIM companies (taking into account the guidance for AIM companies issued by the Quoted Companies Alliance in July 2005). A brief description of the terms of reference of the committees is set out below.
John Duggan (Chairman - Independent)
Roy Dantzic (Independent)
Fabrizio Lauro (Pirelli RE)
Richard Mully (Independent)
Gualtiero Tamburini (Independent)
Nicholas James (Not Independent)