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:
Strategic supervision is performed by the Board of Directors;
Consistent with the Corporate Governance Code, the proposal, investigation and consultation functions are the responsibility of the three committees set up in the Board of Directors (Control and Risks, Appointments, Remuneration);
Management functions are entrusted to the Chief Executive Officer. The Co-General Managers participate in management;
Control is performed by the Board of Statutory Auditors.
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.
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.