Governing body for the administration of a company.
Benetton Group S.p.A. Executive Committee was set up in 2003 to ease and quicken the decisional processes of the Group. One of the Executive Committee’s tasks is to define, upon proposal by the Chief Executive Officer, company and group industrial and financial plans, strategies, the annual budget and interim adjustments for subsequent submittal to the Board of Directors. The Executive Committee also examines and approves particularly important investment and disinvestment plans, lines of credit facilities, the furnishing of guarantees and analyses the chief problems connected with company performance, so that the Board of Directors can accomplish its legal duties more efficiently.