Exor’s purpose is to build great companies. Through doing this, it creates opportunities for talented people, makes a positive contribution to society and delivers superior returns to its investors.
It defines great companies as those that are distinctive in what they do, seek renewal and change, act in a responsible way and perform to the highest standards.
Companies represents equity investments where Exor has material influence through its governance rights as a significant or reference shareholder.
Exor plays an active role within the investee companies' governance through the appointment of Exor-affiliated directors on the boards to provide direction, expertise and challenge to management teams.
Exor is not operationally involved in the day-to-day management of the companies and, while it does look for opportunities for companies to share best practices, it does not invest for the purpose of creating cross-company synergies.
Companies are held for capital appreciation and often for long-term periods. They are monitored regularly as part of Exor's portfolio review process on the back of which Exor makes capital allocation decisions, including increasing or decreasing its stake in a company or acquiring new ones.
When considering new opportunities, Exor takes a long-term perspective and considers the potential contribution to the NAV per share growth. Exor is not bound by any specific target or criteria regarding its investments such as geography, sector exposure or holding periods.
