The Shareholders' Meeting is the body deemed to represent all shareholders, whose resolutions passed in accordance with the law and the Articles of Association, are binding on all shareholders, irrespective of their attendance or agreement.
In Intesa Sanpaolo, as company which adopted the dual corporate governance system, the Shareholders' Meeting is competent to resolve upon, in addition to other matters, as concerns:

• the appointment and revocation of the Supervisory Board;
• the responsibilities of the members of the Supervisory Board and of the members of the Management Board without prejudice to the concurrent competence of the Supervisory Board;
• the distribution of net income;
• the appointment and revocation of the independent auditors;
• the approval of financial statements in case they are not approved by the Supervisory Board;
• the transactions delegated by law to the Extraordinary Shareholders' Meeting.