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Appointment

 

The Board of Directors of TIM is appointed on the basis of slates presented by the shareholders or by the outgoing Board of Directors.

According to our bylaws, the Board of Directors is composed of no fewer than seven and no more than nineteen members and is appointed on the basis of slates presented by shareholders owning at least 0.5% of the ordinary share capital or the lesser proportion required by Consob regulations. 

Slates that contain a number of candidates greater than or equal to three candidates must ensure that both genders are present.

Two thirds of the Directors to be elected are chosen in the order that they appear on the slate that has obtained the largest number of votes, with rounding downwards to a whole number in case of a fraction.

The remaining Directors are drawn from other slates. The votes obtained from such slates are subsequently divided by progressive whole numbers from one up to the number of the Directors to be elected, and the quotients obtained are assigned to the relevant candidates, in the order of their listing. The quotients so assigned are set out in a single ranking in decreasing order, and the candidates with the highest quotients are elected.

For further information on the appointment of TIM Board of Directors, please refer to article 9 of the Bylaws.

The current Board of Directors, whose mandate shall expire with the approval of 2023 financial statement, on January 18, 2024, has approved its own guidance opinion on the dimension and composition of the new Board and has adopted a specific procedure for the presentation of a list on behalf of the outgoing Board, in line with the guidance of the regulatory Authority and the best practices.

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Procedure list presentation

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