DPCM definition
Examples of DPCM in a sentence
Pursuant to the Golden Power DPCM, any change in Pirelli's corporate governance, including the non-renewal or stipulation of the Renewal Shareholders Agreement, must be subject to notification pursuant to legislative decree of 15 March 2012, no.
The Golden Power DPCM considered that the measures have the aim of preparing a network of measures operating to protect the autonomy of Pirelli and its management, as well as the protection of technologies and information of strategic importance possessed by Pirelli.
Pursuant to the measures under the Golden Power DPCM, CNRC commits in order that the Pirelli CEO, taken from the majority list, is indicated by Camfin.
In particular, taking into account the measures contained in the Golden Power DPCM, the slate to be presented by CNRC will include: - 4 (four) directors, of which 1 independent, designated by Camfin/MTP, including the Chief Executive Officer (which will be designated by Camfin); - 8 (eight) candidates including the Pirelli Chairman to be designated by CNRC.
On 16 June 2023, as a result of the relevant proceedings, CNRC, ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ were notified of the Decree of the President of the Council of Ministers adopted pursuant to the Golden Power Decree, containing certain measures towards CNRC and Pirelli regarding the governance of Pirelli (the "Golden Power DPCM"), as described in the following paragraphs.
Pursuant to the measures under the Golden Power DPCM, CNRC commits in order that the Bylaws shall be modified in such a manner that, in relation to board decisions relating to assets of strategic importance referred to below, the proposal will be reserved for the Chief Executive and any decision contrary to the same can be adopted only with the vote of at least 4/5 of the Board of Directors.