General Shareholder Meetings

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General Shareholder Meetings represent an important opportunity to establish open dialogue with the Company’s shareholders. In light of this, Directors encourage and facilitate the widest possible participation of the shareholders in Shareholders' Meetings and the Investor Relations function has been created.
The Bylaws were amended pursuant to the provisions of Legislative Decree No. 27/2010 as regards the entitlement to attend the Meeting and procedures for notifying proxies by electronic means with Board resolution of 29 October 2010.
Pursuant to law, the shareholders entitled to attend the Meeting and to vote are those for whom the reference intermediary sent the Company specific communication certifying such right at the record date (seventh working day prior to the meeting first call). Those who are found to hold shares only after this date shall not have the right to participate and vote in the shareholders’ meeting.
Ordinary shareholders may exercise their right to vote by granting a proxy to a physical or legal person, including the representative appointed by the Company (who has not exercised the opt-out allowed by Legislative Decree No. 27/2010).
In order to allow the smooth running of shareholders' meetings, the Company has adopted a set of Meeting Regulations stating the basic rules, which the applicable law has given the Company complete freedom to set.
The Meeting Regulations are available on the Company's website at www.telecomitaliamedia.it, Governance channel.
The Board decided not to submit proposals to the shareholders' meeting for changes to the Bylaws regarding the percentages set for the actions and prerogatives established for the protection of minorities to be exercised, given that the thresholds are already much more favourable than those fixed by Consob in Resolution No. 17633 of 26 January 2011.