The Board of Directors shall be vested with the powers for the ordinary and extraordinary management of the Company and, more specifically, shall have the power to carry out all the acts necessary for the implementation and achievement of the corporate purposes, excluding only those reserved to the General Meeting.
In accordance with the principles and recommendations of the new Corporate Governance Code 2020, implemented by the Company, the Board of Directors adopted a Terms of Reference defining the role, organization, and functioning of the Board itself, as well as the corporate governance model.
Without prejudice to the competences granted to it pursuant to art. 27 of the Articles of Association and matters that cannot be delegated pursuant to the law and the Articles of Association, the Board shall carry out the activities recommended by the Corporate Governance Code and among other things:
Download the Regulations of the Board of Directors
- shall define the Company's strategies and identify any investment opportunities, in line with the principle of the pursuit of sustainable success while monitoring their implementation;
- shall examine and approve the Company's business plan, also based on the analysis of the relevant issues for the generation of long-term value while monitoring its implementation;
- shall define the nature and level of risk compatible with the strategic objectives of the Company, including in its assessments all the elements that may be relevant to achieve the sustainable success of the Company and shall draw up Enterprise Risk Management guidelines for subsidiaries;
- shall identify the Strategic Companies and resolves on Relevant Transactions. It shall also examine the transactions of the Strategic Companies that may have an impact on Atlantia's stock;
- shall promote, through the most appropriate methods, dialogue with shareholders and other stakeholders relevant for the Company also through the adoption of a specific policy;
- shall draw up, upon prior opinion of the Nomination, Remuneration and Human Capital Committee, a plan and/or procedures for the succession of the Chief Executive Officer and any other executive directors and the policy for the remuneration of the directors, the members of the supervisory board and the top management.