Moreover, on March 1, 2009, the merger by incorporation of IFIL in IFI became effective. As a result, the company’s name was changed to EXOR S.p.A. and four new directors were seated: Carlo Barel di Sant’Albano and independent directors Antonio Maria Marocco, Giuseppe Recchi and Claudio Saracco. The board of directors is now composed of 17 members, four of whom are independent with reference to both the requirements of the Corporate Governance Code and the requirements of art. 147-ter, paragraph 4, of D. Lgs. 58/98.