“Stress-testing,” not vetoing: How CFI’s independent chairman defines his role

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CFI Financial Group independent chairman Federico Cirulli says independent directors are responsible for “stress-testing” decisions from a different perspective, not opposing them outright; the board sets direction, defines risk appetite, and oversees management’s execution. CFI appointed Cirulli chairman in September 2026, and its regulatory footprint spans more than 15 licenses. Cirulli says expansion must go hand in hand with governance, compliance, and operational resilience.