The Maurelli Group's governing bodies must evolve and restructure in order to support the company's future growth. Currently, the founder Mr. Giacomo Maurelli is still leading firsthand the company and the roles of Chairman and Chief Executive are held by him.
The board hasn't yet been created. The next step to have a responsible stewardship of the business for the next generation is the creation of a strong Board of Directors. The selection of the right members of the Board of Directors for Maurelli Group is a very critical process for its future development.
The founder, Mr. Maurelli, will almost certainly approve the appointment of family members to the Board. The CEO and financial adviser of the group who is not involved in the business operations are probably the ideal people to be involved in the nomination of the outside part of the Board, which is suggested to be at least 75 percent independent from the family. Some seats may be filled by external consultants or famous university lecturers. Different perspectives will be introduced to the company in this way, and future generations of the family will inherit a well-structured business run by specialists. They should feel at ease working with the CEO, but the company also requires individuals who will not always agree with him.
