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Our business is closely involved in people lives.

We ensure residents receive essential services for their daily life.

At your side in your community

Managing your water services. Distributing energy. Selling electricity and gas. Recycling waste. Our one objective: to create value for the people and the community in which we operate.

Nowadays, innovation is at everyone's fingertips.

Acea sees innovation as the driving force to become more efficient, to raise the quality of life for our customers, to improve services for the residents and the community. Acea has used all this to create a new culture of innovation: an open culture, which everyone can share and take part in.

Our Group serves local communities and their citizens.

We are fully aware of our role of responsibility towards our stakeholders for our major economic, social and environmental impact. This is why our Sustainability Plan is part and parcel of our Business Plan.

The latest news from the Acea world

Stay up to date with the latest news, read the press releases, discover the events and follow us on our social network pages.

Our stories

Technology, sustainability, and talent development: we tell the story of Acea through our people, projects, and initiatives for the local communities.

Board of Directors

The current Board of Directors was appointed by the Annual General Meeting on 18 April 2023 and will remain in office until the approval of the 2025 Financial Statements. Barbara Marinali was confirmed as Chairperson of the Board of Directors.
The Board of Directors' meeting held on 3 May 2023 appointed Fabrizio Palermo as the Company’s Chief Executive Officer and General Manager.

The Board of Directors is elected by the Annual General Meeting using the vote by slate system. The method adopted to select the directors is able to guarantee gender representation, the appointment of a sufficient number of directors representing minority groups and a number of independent directors that complies with legal requirements.
The extraordinary session of the AGM held on 18 April 2023 amended Article 15 of the Articles of Association, with a view to expanding the Board’s composition, providing for no less than 7 and no more than 13 members, so as to enhance the articulation of offices and roles within the management body, also taking into account the need to ensure an efficient performance of administrative duties, management supervision and balanced composition of internal board committees.
The AGM held on 18 April 2023 determined at thirteen the number of Board Directors, who will remain in office for three financial years and, therefore, until the approval of the FY2025 financial statements.
At the present time, the Board is made up of 13 members.

Barbara Marinali

Chairperson

Fabrizio Palermo

Chief Executive Officer and General Manager

Antonella Rosa Bianchessi

Independent non-executive director

Alessandro Caltagirone

Independent non-executive director

Massimiliano Capece Minutolo Del Sasso

Independent non-executive director

Antonino Cusimano

Independent non-executive director

Elisabetta Maggini

Independent non-executive director

Luisa Melara

Independent non-executive director

Angelo Piazza

Independent non-executive director

Alessandro Picardi

Independent non-executive director

Yves Rannou

Non-executive director

Patrizia Rutigliano

Independent non-executive director

Nathalie Tocci

Independent non-executive director

The role and powers of the Board of Directors

The responsibilities of the Board of Directors particularly comprise:

the definition of strategic and management guidelines and formulation of the company’s growth channels;
the economic-financial coordination of the Group’s activities via approval of the long-term strategic plans, including the financial plan, investments and annual budgets;
the definition of Internal Control System and Risk Management guidelines, with a view to ensuring that the main risks pertaining to Acea and its subsidiaries – including the various risks that are potentially important from a medium/long-term sustainability perspective – are correctly identified, as well as adequately measured, managed and monitored;
definition of the nature and level of risk in keeping with the strategic objectives identified by the company, including in its evaluations all factors that are potentially important with a view to the company’s sustainable success;
the setting up of Committees as envisaged by the Corporate Governance Code and appointing of their members;
adopting of the Organisation, management and control models pursuant to Italian Legislative Decree no. 231/01 and appointment of the Supervisory Committee;
the approval of all transactions of an extraordinary nature, as well as the acquisition and sale of shareholdings;
upon a proposal by the relevant committee and having heard the Board of Statutory Auditors, the fixing of remuneration for the Chairperson, the Chief Executive Officer and other Directors with specific duties, as well as the fees payable to the members of internal Board Committees;
assessment of the adequacy of organisational, administrative and accounting structures as regards both Acea and its strategically important subsidiaries;
the establishment of an ongoing dialogue with shareholders, based on a mutual understanding of respective roles;
a periodic self-assessment as regards the working of the Board and its committees, as well as the dimension and composition of the same;
an assessment, to be performed at least on an annual basis, regarding the independence of its non-executive members;
the establishment of safeguards to protect the handling of personal information and sensitive data pertaining to third parties;
adoption of the procedures required to protect workers' health and the appointment of workplace safety supervisors.

Activities

In particular, during FY2023 the Board of Directors:

evaluated the general trend in performance at the time of preparing the financial report, particularly taking into account the information received from the empowered bodies, as well as periodically comparing the results achieved with those forecast;
approved the Company’s remuneration policy, which includes variable short and long-term incentive schemes based on quantitative sustainability targets;

prepared the proposal concerning the amendment to Article 15 of the Articles of Association for the Annual General Meeting, which approved the same on 18 April 2023;

expressed its guidance to Acea’s shareholders on the quantitative and qualitative composition of the Board of Directors, deemed optimal in view of the Board’s renewal;

approved the amendment to the Procedure for Related Party Transactions;

approved the issuing of one or more series of bonds, also in the form of green bonds, under the EMTN programme (for a total nominal value of up to € 600 million).

For further details on the work performed by the Board of Directors, reference is made to the 2023 Report on Corporate Governance and the Ownership Structure.

Self-assessment

On 14 December 2023, the Board of Directors resolved to carry out an assessment ("Board Review") of its size, composition and functioning, as well as its Committees, for the three years of its board mandate, using the support of an independent external consultant.
The Board Review is divided into three phases during the course of the three-year period and it is completed with the self-assessment process, verifying the efficiency and effectiveness of the Board of Directors and the Committees, as well as compliance with regard to legislative and regulatory provisions, via the use of questionnaires and follow-up interviews with Board members.

For further details on the Board Review process and results, reference is made to the 2023 Report on Corporate Governance and the Ownership Structure.

Number of meetings held in 2023

Corporate Body	Number of meetings during the full year	Number of meetings after 18 April 2023 (current BoD)
Board of Directors	24	16
Committee Control and Risks	12	8
Appointment and Remuneration	13	9
Ethics, Sustainability and Inclusion Committee	13	7

Attendances at Board of Directors and Committee Meetings in 2023*

Members of the Board of Directors	Office	Board of Directors	Committee Control and Risks	Appointment and Remuneration	Ethics, Sustainability and Inclusion Committee
Barbara Marinali	Chairperson	16/16
Fabrizio Palermo	CEO/DG	16/16
Antonella Rosa Bianchessi	Director	16/16			7/7
Alessandro Caltagirone	Director	11/16
Massimiliano Capece Minutolo del Sasso	Director	12/16	8/8	9/9	6/7
Antonino Cusimano	Director	16/16	8/8
Elisabetta Maggini	Director	16/16	8/8		7/7
Luisa Melara	Director	14/16			6/7
Francesca Menabuoni	Director	3/3	1/1
Angelo Piazza	Director	16/16		9/9
Alessandro Picardi	Director	15/16	8/8
Patrizia Rutignano	Director	16/16		8/9	7/7
Nathalie Tocci	Director	15/16		7/9

*The table only considers the Board of Directors currently in office, as elected by the AGM on 18 April 2023.
For information concerning directors in office prior to 18 April 2023, reference is made to the 2023 Report on Corporate Governance and Ownership Structure.

Directors leaving office during the year 2023

Members of the Board of Directors	Office	Board of Directors
Thomas Devedjian	Director	8/12

.

Holdings of the members of the Board of Directors and Board of Auditors and general managers (data as at 31 december 2023)

Surname and name	Office	Holding company	Number of shares owned at 31/12/2022	Number of shares purchased	Number of shares sold	Number of shares owned at 31/12/2023
Massimiliano Capece Minutolo Del Sasso	Director	Cogeim S.r.l.	0	12.758	0	12.758

Holdings of the other Executives with Strategic Responsibilities

Number of executives with strategic responsibilities	Holding company	Number of shares owned at 31/12/2022	Number of shares purchased	Number of shares sold	Number of shares owned at 31/12/2023
None	-	-	-	-	-

No other managers with strategic responsibilities own shares in Acea S.p.A. or its subsidiaries.

The Committees

The Committees support the Board of Directors by performing a proactive, advisory and investigative role.

Acea for World Energy Saving Day

Acea for World Energy Saving Day

MIA Museo Immersivo Acea

Visit the virtual museum about the history of the Acea Group

The channel for the commercial requests on land urbanisation.

The channel for the commercial requests on land urbanisation

Green Bond Allocation & Impact Report

Acea turns the spotlight on the Rome Film Festival 2023

Acea is in the "Gold class" in the .trust research

Read more about our culture of inclusiveness