Periodic reporting by managing directors with delegated powers – template minutes
Bolzano, 10.10.2024
We already informed you of this last year with our Circular No. 30/2023:
In joint stock companies as well as in limited liability companies, managing directors with delegated powers (so-called „amministratori delegati“), or delegated bodies (e.g. an executive committee within the board of directors), are in principle obliged, pursuant to Art. 2381 (joint stock companies) and Art. 2475 (limited liability companies) respectively, to report at least every 6 months to the board of directors and to the board of statutory auditors or the sole statutory auditor
- on the general course of business, and this
- also with an outlook on the future development of the company as well as
- with information on the most significant transactions in the company itself and in any controlled undertakings.
In order to comply with this obligation, the simplest approach – although not strictly necessary – is to draw up minutes of the board of directors on the report, and to record in these minutes the reports of the managing director with delegated powers on the 3 points mentioned above (course of business, further development, most significant transactions).
For this purpose we enclose with this circular a corresponding template for the minutes in German and Italian, which must of course be expanded and amended on a case-by-case basis.
Please do not hesitate to contact us if you have any queries.
Yours faithfully,
Dott. Comm. Josef Vieider
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