Internal Board Committees

The Board of Directors set up four internal committees in charge of submitting proposals and providing advice, each for its own area of competence.

In order to conform the corporate governance system to the current recommendations in terms of corporate governance and to acknowledge and clarify the consolidated practice endorsed by the Company in this regard, the Articles of Association, amended by the General Meeting of 28 April 2021, contain an explicit provision regarding the possibility for the Board of Directors to set up internal committees in charge of carrying out investigation, submitting proposals and providing advice, by also determining their members, duration, powers and functions as well as the related remuneration.

In accordance with the principles and the recommendations contained in the New Corporate Governance Code, adopted by the Company, the Board of Directors established the Board Committees listed below:
  • Control, Risk and Corporate Governance Committee
  • Nomination, Remuneration and Human Capital Committee
  • Sustainability Committee
  • Committee of Independent Directors with responsibility for Related Party Transactions

Composition of the Committees
The current structure of the Committees has been defined by the Board of Directors’ meeting held on 6 May 2022. 
The committees set up within the Board of Directors are responsible for deepening the analysis of all the issues under their respective areas of competence.
Each Committee adopts its own regulation which governs its tasks and operating procedures.ence requirements.