Model and Policy
The company’s model of corporate governance is substantially in line with the recommendations contained in the code of conduct of March 2006 prepared by the committee of corporate governance of the Italian stock exchange (Borsa Italiana).
Independent directors constitute the majority of the total number of Board members (8 over 13). The board of directors also plays a primary role in decision-making for the company. The main objectives of the CIR model of corporate governance are the following:
- To assure that company decision-making is transparent
- To establish effective controls
- To establish rules for the safeguarding against any conflicts of interest