The role of the Board of Directors is to provide strategic supervision and direction, pursuing the primary objective of creating value for the shareholders, with a medium-long term perspective, also taking the legitimate interests of the remaining stakeholders into account.
In carrying out the tasks attributed to it by applicable rules, the Company Bylaws and the Borsa Italiana Code, the Board of Directors shall, in particular, have overall responsibility for the internal control and risk management system, including the definition of the nature and level of risk consistent with the specific strategic objectives of the business.
The following are examples of matters considered to have a major impact on the business of the Company and the Group, and as such are subject to approval by the Board:
The Chairman was assigned those powers laid down by law, the Bylaws and corporate governance documents.
Chief Ececuvite Officer responsibilities
The Chief Executive Officer was assigned all the powers necessary to accomplish acts pertinent to the company's activities, except those powers reserved by law, Bylaws to the Board of Directors, with particular reference to the limits outlined at point 4.3 of the corporate governance documents currently adopted by the Company, and to the organisation on Security.
The general performance is assessed from time to time in the various meetings and specifically when examining financial reports and data on the progress of operations, with detailed comparison of the results obtained and the budget targets.
The Board of Directors assesses the adequacy of the organisational, administrative and general accounting structure of the business, based on the information supplied by the management, which include continuous information on the changes in the company organisation chart, down to the second level of hierarchical reporting to the Executive Directors, and in any case when developing the strategic plan, identifying the strategic management of the business. Regarding the internal control and risk management system, the Board avails itself of the investigation carried out by the Control and Risk Committee.
Principles of Corporate Gov.