Francesco Gaetano Caltagirone resigned from the Board of Generali saying he was “clearly opposed and prevented from making his own critical contribution”.
The president of Generali, Gabriele Galateri di Genola, said he was sorry and stressed that the reasons given “can only be categorically rejected”.
“Assicurazioni Generali – reads a note – informs that the director Francesco Gaetano Caltagirone, 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 was motivated by the resigning director recalling a picture in which his person would be ‘clearly opposed, prevented from making their own critical contribution and from ensuring adequate control‘, referring to the working methods of the Board of Directors 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; information on relations with the media and significant shareholders, even if they hold equity investments below the significance thresholds “.
“As of today, – continues the note – the director Caltagirone, directly or through companies related to him, holds 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 Caltagirone. – declared the president Gabriele Galateri di Genola – The reasons given can only be categorically rejected having the company always conducted its business according to criteria of absolute transparency and rigorous fairness, 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 “.