 The president of IRI was always appointed by the Christian Democrats, the vice-presidency was often provided by the Republican Party, for example Bruno Visentini for more than twenty years and then Pietro Armani, to counterbalance the weight of the Catholics with those of big business and the laity, represented by the Republicans.The appointment of the heads of banking, financial and other major companies was decided by the presidential committee, but especially during the tenure of Petrilli, the powers were concentrated in the hands of the president and a few people close to him.After the transformation of IRI into a limited company in 1992, the board was reduced to only three members, and the influence of Christian Democrat and other parties, in a period when many of their members were involved in the Tangentopoli investigation, was greatly reduced.