Governance system

Our Governance system, inspired by the principles of transparency, compliance with legislation and in line with international best practices, aims to ensure effective and efficient management of the business to generate value for shareholders and all stakeholders.

In compliance with the Italian laws and regulations and with the self-regulatory recommendations for listed companies, we adopted a traditional type of administration system, which allows a clear separation of roles and responsibilities, to ensure the integrity and suitability of our decision-making processes.
 
In 2020 we launched a complex and profound renewal process, continued in 2021, redesigning our organisational, functional and managerial structure, in line with the development guidelines defined by the Board, with an ever-growing focus on the role of strategic holding of equity investments. Consistent with this process, we have worked to simplify, strengthen and improve our governance through, among other things, the compliance with the new Corporate Governance Code of listed companies, published in January 2020 by Borsa Italiana S.p.A., the establishment of a Sustainability Committee and the review and streamlining of the competences of the pre-existing internal Board Committees.

Our administration and control system

 

Articles of Association

It represents the main source of the corporate governance system

The Articles of Association define the main characteristics and purpose of the Company, as well as the primary rules for its organisation and management. In the latest version, amended by the Shareholders' Meeting held on 28 April 2021, some provisions were introduced to further improve the Company's corporate governance standards.

Go to Documents and procedures

Corporate Governance Code

Starting from 1 January 2021, Atlantia applies the new Corporate Governance Code for listed companies promoted by Borsa Italiana S.p.A (published on 31 January 2020).

By adopting the new Corporate Governance code - approved by the Board of Directors on 21 December 2020 - the company superseded its previous Corporate Governance Code, in force since 14 December 2007 and updated over the years taking into account the specific situation of Atlantia and the recommendations made by Borsa Italiana.

Report on Corporate Governance

We annually provide detailed information on the corporate governance structure to the market.

The document focuses on the role, function and composition of the Company's corporate bodies. It also provides adequate information on the ownership structure, the internal control and risk management system as well as on the choices made by the Company in applying the recommendations and self-regulatory principles.