Immobiliare Grande Distribuzione SIIQ S p A : Report on Corporate Governance and Ownership Structure 2020

IMMOBILIARE GRANDE DISTRIBUZIONE SOCIETA' DI INVESTIMENTO IMMOBILIARE QUOTATA S.P.A.

Registered in Bologna, Via Trattati Comunitari Europei 1957-2007 n. 13,

Tax ID, VAT no. 00397420399

Bologna Company Register no. 458582

Share capital subscribed and paid-in: Euro 650,000,000.00

REPORT ON CORPORATE GOVERNANCE AND OWNERSHIP STRUCTURE

OF IGD Siiq S.p.A.

Pursuanto to art. 123-bis of TUF Related to 2020 financial year

Approved by the Board of Directors of 25 Febraury 2021www.gruppoigd.it

IGD GROUP
REPORT ON CORPORATE GOVERNANCE AND OWNERSHIP STRUCTURE
1.	REPORT ON CORPORATE GOVERNANCE AND OWNERSHIP STRUCTURE ............... 4
1.1	// COMPANY PROFILE .................................................................................................................... 5
1.2	// INFORMATION ON OWNERSHIP STRUCTURE (pursuant to Art. 123-bis, par. 1,
T.U.F) AS AT 25 FEBRUARY 2021 ............................................................................................. 5
1.3	// COMPLIANCE (pursuant to Art. 123-bis, paragraph 2, lett. a), TUF) .......................... 8
1.4	// BOARD OF DIRECTORS ........................................................................................................... 10
1.4.1	APPOINTMENT AND REPLACEMENT (pursuant to Art. 123-bis, para. 1, lett. l), TUF) ........................ 10
1.4.2	COMPOSITION (pursuant to Art. 123-bis, paragraph 2, lett. d) and d-bis), TUF) ............................... 11
1.4.3	ROLE AND FUNCTIONS OF THE BOARD OF DIRECTORS (pursuant to Art. 123-bis, par 2, lett. d) TUF)
17
1.4.4	EXECUTIVE DIRECTORS ..................................................................................................................... 24
1.4.5	OTHER EXECUTIVE DIRECTORS () ...................................................................................................... 27
1.4.6	INDEPENDENT DIRECTORS ................................................................................................................ 28
1.4.7	LEAD INDEPENDENT DIRECTOR ......................................................................................................... 29
3.4	// TREATMENT OF CORPORATE INFORMATION ................................................................. 29
3.5	// BOARD COMMITTEES (pursuant to Art. 123-bis, par. 2, lett. d), TUF) ..................... 30
3.6	// NOMINATIONS AND COMPENSATION COMMITTEE ...................................................... 30
3.7	// DIRECTORS' REMUNERATION .............................................................................................. 32
3.8	// CHAIRMAN'S COMMITTEE ..................................................................................................... 32
3.9	// CONTROL AND RISK COMMITTEE ....................................................................................... 32
3.10	// INTERNAL CONTROL AND RISK MANAGEMENT SYSTEM ........................................... 35
3.11.1	DIRECTOR IN CHARGE OF THE INTERNAL CONTROL AND RISK MANAGEMENT SYSTEM ................. 43
3.11.2	HEAD OF INTERNAL AUDIT ................................................................................................................ 44
3.11.3	DECREE 231/2001 ORGANIZATIONAL MODEL ................................................................................... 44
3.11.4	EXTERNAL AUDITORS ......................................................................................................................... 45
3.11.5	FINANCIAL REPORTING OFFICER ....................................................................................................... 46
3.11	// DIRECTORS' INTERESTS AND TRANSACTIONS WITH RELATED PARTIES ............ 47
3.12	// APPOINTMENT OF THE STATUTORY AUDITORS ........................................................... 50
3.13	// COMPOSITION AND ROLE OF THE BOARD OF STATUTORY AUDITORS (pursuant
to Art. 123-bis, paragraph 2 (d) of TUF) ................................................................................ 51
3.14	// RELATIONS WITH SHAREHOLDERS .................................................................................... 54
3.15	// SHAREHOLDERS' MEETINGS (EX ART. 123-BIS, PAR. 2, LETTER C) TUF) ............. 54
3.16	// ADDITIONAL CORPORATE GOVERNANCE PRACTICES (pursuant to Art. 123-bis,
par. 2, lett. a) TUF) ....................................................................................................................... 55
3.17	// SUBSEQUENT EVENTS ........................................................................................................... 55
3.18	// COMMENTS ON THE LETTER DATED 19 DECEMBER 2019 RECEIVED FROM THE
CHAIRMAN OF THE ITALIAN CORPORATE GOVERNANCE COMMITTEE .................... 55

TABLES 57

1. REPORT ON CORPORATE GOVERNANCE AND OWNERSHIP STRUCTURE

GLOSSARY

Code/Corporate Governance Code: the Corporate Governance Code for listed companies approved in July 2018 by the Corporate Governance Committee and promoted by Borsa Italiana S.p.A., ABI, Ania, Assogestioni, Assonime and Confindustria in effect until 31 December 2020. Code/Corporate Governance Code: the Corporate Governance Code for listed companies approved in January 2020 by the Corporate Governance Committee and promoted by Borsa Italiana S.p.A., ABI, Ania, Assogestioni, Assonime and Confindustria in effect from 1 January 2021

Board: the Issuers' Board of Directors.

Issuer or the Company: the company Immobiliare Grande Distribuzione SIIQ S.p.A. referred to in this Report.

Year: financial year, 2020, referred to in this Report

CONSOB Regulations for Issuers: the regulations for issuers approved CONSOB in Resolution n. 11971 of 14 May 1999, as amended.

CONSOB Market Regulations: market regulations issued by CONSOB pursuant to Resolution n. 20249 of 28 December 2017, as subsequently amended.

CONSOB Regulations for Related Party Transactions: the Regulations issued by CONSOB pursuant to Resolution n. 17221 of 12 March 2010, as subsequently amended, for related party transactions.

Report: the Report on Corporate Governance and Ownership Structure that companies are required to prepare pursuant to Art. 123-bis TUF.

Testo Unico della Finanza/TUF: Legislative Decree n. 58 dated 24 February 1998 (as subsequently amended).