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 Corporate Governance 

TRANSPARENCY, EFFECTIVENESS AND CHANGE

In the context of initiatives designed to increase value for shareholders and to ensure the operational transparency of its corporate bodies and officials, UGF has devised and implemented a structured system of rules of conduct, on a par with the most advanced standards of corporate governance in the national and international arena.

Specifically, following the reorganisation plan launched in December 2006, on 1 September 2007 UGF took on the role of holding and service company operating for the benefit of the Group, after amending its own corporate designation from Compagnia Assicuratrice Unipol S.p.A. to Unipol Gruppo Finanziario S.p.A.

Alongside this corporate restructuring, the Group launched an organisational and functional review process, which resulted in the gradual separation of the centralised and coordination functions from the operational activities conducted by the subsidiaries. The current structure will enable the UGF Group to strengthen its own position on the Italian insurance and financial markets, with clear objectives and responsibilities and following principles of transparency, effectiveness and efficiency.

INTERNAL DEALING

The Board of Directors of UGF has adopted a new procedure for reporting transactions in own shares or in other financial instruments linked to such shares.


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CORPORATE GOVERNANCE SYSTEM

The Group’s system of Corporate Governance is based on the key role of the Board of Directors, on the effectiveness of the internal control system and on rigorous regulation of potential conflicts of interest.

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Last update 9/2/2010 12:25 PM