The clear definition of the responsibilities and dialogue between corporate bodies – inspired by the traditional governance model principles that we follow – are functional to the Group’s harmonious, tidy growth.
In our governance model:
The Board is vested with all the powers of ordinary and extraordinary administration, only excluding what the law strictly reserves for the Shareholders’ Meeting.
A Board committee with investigation functions of a propositional and consultative nature; especially in processes related to the internal control and risk management system and concerning periodical financial reporting.
The Board of Statutory Auditors is assigned the duty to control and ascertain suitable coordination of all functions and units involved in the internal control system, promoting, if needed, suitable corrective actions.
This Body is called on to perform the functions of an internal body attributed autonomous powers of initiative and control as set out by Italian Legislative Decree 231/2001.
A Board committee with investigation functions of a propositional and consultative nature; especially in processes to appoint or co-opt directors, when assessing the best qualitative-quantitative composition of the Board and in the Board’s self-assessment.
A Board committee with investigation functions of a propositional and consultative nature; especially when defining Group remuneration and incentive policies.