Adopted in 2011, the Related Party Transactions Procedure was amended by the Board of Directors on 18 December 2013, with effect from 1 January 2014. More specifically, application of the Procedure was extended to include natural or legal persons who, for their own account or through subsidiaries, directly or indirectly, even via trust companies or intermediaries, hold at least 5 per cent of Acea's share capital.
The Procedure classifies Related Party Transactions (RPT) according to three categories:
In implementation of Consob regulations, the Board of Directors has set up the Related Party Transactions Committess, comprising three unrelated independent directors. The RPT Committee is vested with investigative proactive and advisory tasks and powers to assess and decide on related party transactions of both greater and lesser significance.