Independent Director — Minority Slate
Italy·Banking & Financial Services·Posted 30 August 2026
FTSE MIB-listed banking group
Actively sourcing
A demand profile the Exchange is actively sourcing against. The sponsor is not confirmed on this board, and we say so rather than implying a signed mandate. Registering interest puts you in front of the sponsor when the brief converts.
The problem this seat exists to solve
The institutional-investor slate is being assembled ahead of the board's renewal. Article 147-ter of the TUF guarantees at least one seat to the minority list, and the slate needs a candidate with prudential regulatory standing rather than a name known to the controlling shareholders.
The remit
- Serve as the minority-slate director with the independence that position implies
- Sit on the risk committee of a supervised banking group
- Provide challenge on capital, credit and conduct independent of the controlling holders
- Contribute to the board's Corporate Governance Code independence assessment
What the sponsor will not compromise on
- Prudential regulatory experience at a supervised bank or insurer in any EU market
- Independence under both the TUF criteria and the 2020 Corporate Governance Code
- Availability to be placed on a slate before the statutory filing deadline
- Working Italian strongly preferred; board documentation is in Italian
Terms
- Engagement
- Three-year board term, renewable subject to the nine-year independence assessment.
- Compensation
- €80,000 – €110,000 a year including risk-committee fee.
- Cross-border
- No nationality test applies. The binding constraint is the slate-filing timetable, which falls well before the general meeting and excludes more candidates than the merits ever do.
- Time commitment in this market
- Typically 8–12 board meetings a year plus committees; Italian boards meet more often than the European average.
Before you apply — Italy
No nationality or residency test applies to an Italian director. The route in that matters is procedural rather than legal: a place on a slate.
- Residency test
- None.
- Nationality test
- None.
- Work authorisation
- A non-executive director attending board meetings does not require a permit. Executive roles for non-EU nationals do, and are subject to the immigration decree quotas.
- Tenure limit once appointed
- No hard statutory cap. The 2020 Corporate Governance Code treats service exceeding nine years in the previous twelve as a circumstance that compromises independence, requiring the board to assess and disclose.
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