Committees

The Control and Risks Committee consists of four non-executive directors, the majority of whom are independent. It implements adequate investigations to support the evaluations and decisions of the Board of Directors not only to ensure the adequacy of the internal control and risk management system and draw up the guidelines on the subject, but also to approve the periodic financial reports.

The Committee coordinates its own activities with those of the Director in charge of the Internal Control and Risk Management System, the Board of Auditors, the audit company and the Manager of the Internal Audit Department supervising the drafting of the corporate accounting documents.

In 2018, the Committee met thirteen times.

For further information on the Committee's work in 2018,  please read the Report on corporate governance and ownership structures.

The Committee consists of four non-executive, independent directors. It proposes the remuneration policy  for directors and managers with strategic responsibilities, and promotes medium-long term sustainability and balance between the fixed and variable part of their remuneration. The Committee also monitors whether the BoD's criteria and decisions regarding the remuneration policy are complied with.

In 2018, the Committee met eleven times.

For further information on the Committee's work in 2018, please read the Report on corporate governance and ownership structures.

The Ethics and Sustainability Committee consists of three non-executive directors, the majority of whom, including the Chairman, are independent. It is a collegiate body with full, independent powers to act and control. It provides advisory support and puts forward proposals to the Board of Directors regarding corporate ethics and environmental, social and governance topics (ESG - Environmental, Social and Governance).

The Committee's main tasks are to:

• promote the integration of sustainability in the corporate strategy and culture and encourage its diffusion among employees, shareholders, users, customers and in general to all stakeholders
  
• supervise the topics of sustainability connected to the implementation of business activities and dynamics of interaction with stakeholders, even regarding the reports envisaged by Legislative Decree  254/2016
  
• examine the guidelines in the Sustainability Plan and monitor implementation of the Plan, once the Board of Directors has approved it
  
• monitor the adequacy and implementation of the Code of Ethics, to the extent of their remit
  
• promotion of culture of diversity and anti-discrimination policy at pur company

In 2018, the Committee met eight times.

For further information on the Committee's work in 2018,  please read the Report on corporate governance and ownership structures.