Page 20 - Consolidated Non Financial Statement

Banca Ifis

| 2020 Consolidated Non-Financial Statement
1.3 Governance and risk management

[GRI 102-7]
The Share Capital of Banca Ifis is Euro 53.811.095 fully paid up, divided into 53.811.095 ordinary shares, each worth a
nominal amount of Euro 1. Below are Banca Ifis's shareholders that, either directly or indirectly, own equity instruments
with voting rights representing over 2% of Banca Ifis's share capital:

[GRI 102-18]
Banca Ifis is the parent company of the Banca Ifis Group and adopts the traditional administration & control model,
considering it to be the most suited for ensuring the efficiency of operations and effectiveness of controls given its specific
characteristics.

Under the model adopted by Banca Ifis:

• strategic supervision is performed by the Board of Directors;
• the CEO is responsible for the company's operations. The General Manager is involved in management;
• control is performed by the Board of Statutory Auditors.

Social, economic and environmental decisions are made by the Chief Executive Officer and the Board of Directors
insofar as coming under each of their purviews.

For more details on the composition and responsibilities of the corporate bodies and the relevant policies, please see
the 2020 Report on Corporate Governance and Shareholding Structure.

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