UBI Banca has adopted the one-tier management and control system based upon the establishment, in accordance with Art. 2409-sexiesdecies of the Italian Civil Code, of a Board of Directors including within it some members who, in turn, are also members of the Management Control Committee, as body with control function.
The Board of Directors, as a whole, is the Company's management and strategic supervision body. It is responsible for managing the business with the power to implement any transaction of both ordinary and extraordinary management necessary or in any case useful or appropriate for the best implementation of the corporate purpose.
The Management Control Committee performs the duties assigned by existing regulations to the control body.