(Finance) – The assembly of the shareholders of Azimutha group active in managed savings and included in the FTSE MIB, has approved the 2021 financial statements and the allocation of the profit year as at 31 December 2021, including the distribution of a dividend total ordinary of € 1.30 per share gross of withholding taxes (equal to a dividend yield of 6.5% at current prices), with payment entirely in cash on May 25, 2022, with coupon detachment on May 23, 2022 and record given on May 24, 2022.
The shareholders expressed a favorable opinion on the number of members of the Board of Directors as well as on the term of office of the BoD, confirming Pietro Giuliani as chairman. They also approved the only list of candidates for the appointment of the BoD presented by the shareholder Timone Fiduciaria, which refers to a total of 16 members of which 14 members for the duration of 3 financial years and 2 members for the duration of 1 financial year. Governance has been improved with the increase of independent directors (from 4 to 8) and of gender representation in the BoD (from 4 to 7).
“Today’s shareholders’ meeting voted for a list of 16 directors, confirming the confidence of the 5 managing directors and expanding the skills of the parent company with 8 independent directors who will support the other 3 non-executive directors, in line with the international best practices of corporate governance and gender inclusion – commented Pietro Giuliani – The objectives of the new board of directors will be to confirm foreign operationsin particular in emerging markets, of expand presence in alternatives (real economy) and corporate and to strengthen skills in fintech and in everything related to the blockchain (tokens, cryptocurrencies), transforming what could be perceived as a potential threat into an opportunity to be used for the benefit of our customers with satisfaction for our shareholders “.
The newly elected Board of Directors, to continue following the growth and new projects of the group, has defined the following corporate governance with the appointment of five CEOs: Gabriele Blei in addition to continuing to be at the top of the dialogue with the shareholders, it will have extensive powers for all corporate activities as well as for the development of investment banking activities at a global level; Massimo Guiati it will have extensive powers on the distribution of the two major foreign markets, namely the United States and Australia; Paolo Martini it will have extensive powers on distribution in Italy as well as develop the Azimut Libera Impresa business; Giorgio Medda it will have extensive powers at a global level on the product companies and on the foreign part not followed by Massimo Guiati. In addition, he will follow the development of fintech and all projects related to the blockchain; Alessandro Zambotti in addition to the specific powers of the Global CFO, he will have extensive powers over the entire organizational and management structure.