Home Business Francesco Gaetano Caltagirone resigned from the board of Generali: “Hindered by the insurance company”

Francesco Gaetano Caltagirone resigned from the board of Generali: “Hindered by the insurance company”

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Francesco Gaetano Caltagirone resigned from the board of Generali. In a letter the entrepreneur attacks the work of the board of directors and says goodbye. He accuses the company of not allowing him to make his contribution to the management of the insurance company. Caltagirone has been a member of the Board of Directors of Assicurazioni Generali since April 2007 and was appointed Deputy Vice President in April 2010.

«The director Francesco Gaetano Caltagirone – reads a note from Assicurazioni Generali – Deputy Vice Chairman, non-independent director and member of the Nomination and Remuneration Committees; for Corporate Governance and social and environmental sustainability; for Investments; for Strategic Operations, he announced his resignation from the Board this evening ». This decision – continues the press release – “was motivated by the resigning director, recalling a framework in which his person would be” clearly opposed, prevented from making his own critical contribution and from ensuring adequate control “, referring to the working methods of the Board of Administration and in particular: to the presentation and approval of the strategic plan; the procedure for the presentation of a list by the Board; the methods of application of the legislation on privileged information; to the disclosure on relations with the media and significant shareholders, even if holders of shareholdings below the significance thresholds “.

The note from the company explains that Caltagirone currently holds, directly or through companies attributable to him, a share of the share capital of Assicurazioni Generali SpA equal to 8.04%. “I express deep regret and surprise at the decision taken by Cavalier Caltagirone – says the president, Gabriele Galateri di Genola – The reasons given can only be categorically rejected as the company has always conducted its business according to criteria of absolute transparency and rigorous correctness, also in relation to the work for the presentation of a list for the renewal of the board, of which he has constantly informed the supervisory authorities. The aforementioned principles were adhered to in relations with all the directors, without exception and on every occasion “.

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