1. The benefactions from Mr Arthur Serena and from Fiat Group shall be used to establish the Agnelli–Serena Professorship of Italian Studies.
2. The Agnelli–Serena Professor of Italian Studies shall lecture and give instruction in the subjects of this chair and shall promote generally the study of Italian in the University.
3. The professor shall be elected by an electoral board consisting of:
(1) the Vice-Chancellor, or, if the head of the college specified in paragraph (2) of this regulation is Vice-Chancellor, a person appointed by Council;
(2) the head of the college to which the professorship shall be for the time being allocated by Council under any regulation in that behalf, or if the head is unable or unwilling to act, a person appointed by the governing body of the college;
(3) a person appointed by the governing body of the college specified in paragraph (2) of this regulation;
(4), (5) two persons appointed by Council;
(6) a person appointed by the Humanities Division;
(7) a person elected by the Board of the Faculty of Classics; (8) a person elected by the Board of the Faculty of History;
(9), (10) two persons elected by the Board of the Faculty of Medieval and Modern Languages.
4. The professor shall be subject to the General Provisions of the regulations concerning the duties of the professors and to those Particular Provisions of the same regulations, which are applicable to this chair.