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Glossary A

ABI (Associazione Bancaria Italiana)
Italian Banking Association which represents, protects and promotes the interests of the banking and financial system

Additional Pension
Additional to the compulsory pension system, organised by the worker through an individual pension scheme.

Analyst Coverage
It indicates the studies or research carried out by the financial analysts on listed companies.

ANIA (Associazione Nazionale Imprese di Assicurazione)
National Association of Insurance Companies. Represents and protects insurance companies in relation to institutions and in union negotiations.

Agenda
List of topics to be discussed during a shareholders’ meeting.

Annual General Meeting (AGM)
Shareholders’ meeting that decides the following: 1) approval of balance sheet; 2) appointment of directors, auditors and chair of the board of statutory auditors; 3) salary of directors and auditors where it is not set out in the Memorandum and Articles of Association; 4) other matters pertaining to the running of the company as indicated in the Memorandum and Articles of Association, and to the responsibilities of the directors and auditors, or matters submitted for its consideration by the directors.

Annual Report
The Annual Report provides shareholders and others with information, that is correct and transparent, at the end of each financial year, on the asset, financial and economic situation of the company.. It shows the financial standing and result of the company compared to the previous year, and attaches the balance sheet, the profit and loss account, and often the cashflow prospects, the auditors’ report, etc.

Asset management
The management and administration in various forms of the resources assigned by clients.

Auditing Company
External company that supervises the accounting, the balance sheet and the observance by the company of the criteria established for asset evaluation.