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ITEN

Board work 2016

Main activities of the Board

The Board every year:

  • examines and approves the Snam Group's Plan, the budget of the company and of the group, the annual report, the half-year report and interim reports of Snam, the sustainability report, the remuneration report and the report on corporate governance and ownership structure
  • assesses the organisational, administrative and accounting structure of Snam and its Subsidiaries
  • resolves upon the transactions of the company and its Subsidiaries, in the context of exercising management and coordination activities that are of significant strategic, economic, capital or financial importance for the company and the group
  • evaluates the adequacy and effectiveness of the internal control and risk management system in relation to the characteristics and risk profile

In addition to the above activities, in 2016, the most important operations examined and approved by the Board of Directors were the spin of of Italgas from Snam  and bond issues (EMTN Programme).

Meetings and attendance in 2016

  • the Board of Directors met 13 times
  • the meetings were attended on average by 98.30% of directors
  • the meetings were attended on average by 99.14% of independent directors
  • the average duration of board meetings was 118.7 minutes

Number of Board meetings

 

*The European House – Ambrosetti S.p.A., L'osservatorio sull'eccellenza dei sistemi di governo in Italia, 2016 edition. The data refer to the 2015 financial year and are taken from public sources, such as the 2015 separate financial statements and the Report on Corporate Governance published in spring 2015.

Rate of attendance at Board meetings

 

*The European House – Ambrosetti S.p.A., L'osservatorio sull'eccellenza dei sistemi di governo in Italia, 2016 edition. The data refer to the 2015 financial year and are taken from public sources, such as the 2015 separate financial statements and the Report on Corporate Governance published in spring 2016.

 

Structure of snam's board of directors and committees

tabella-sostitutiva-CDA-attività&partecipazionezione

Indicate the qourum required for the submission of lists by minority shareholders for the election of one or more members (pursuant to Article 147-ter of the TUF): 1% of the share capital

NOTES

The symbols indicated below must be inserted in the “Post” column:

  • This symbol indicates the Director in charge of the internal control and risk management system.
  • This symbol indicates the person with primary responsibility for the management of the issuer (Chief Executive Officer o CEO)
  • * The date of first appointment of each director means the date on which the director was unanimously appointed for the first time to the issuer’s Board of Directors.
  • ** This column indicates the list from which each director was drawn (M: majority list, to be inteded as the list from which the majority of the directors were drawn; “m”: minority list, to be intended as the list from which the minority of the directors were drawn; “BoD”: list submitted by the Board of Directors).
  • *** This column shows the number of directorships and statutory auditor offices held by the person in question in other companies listed in Italy or in other regulated markets, in financial companies, banks,insurance firms or other large companies. Details of the offices concerned are provided in the Report on Corporate Governance.
  • (*) This column shows the directors’ attendance at meetings of the Board of Directors and of Committees (indicate the number of meetings attended compared with the total number of meetings that could have been attended, e.g., 6/8, 8/8, etc.).
  • (**) This column indicates the director’s role on the Committee concerned: “C”: Chairperson; “M”: member.
  • 47 Established 11 May 2016.
  • 48 The date refers to the appointment of Carlo Malacarne as director by the Shareholders’ Meeting. From 8 May to 27 April 2016, Carlo Malacarne fulfilled the role of Chief Executive Officer
  • 49 Since 15 January 2016, Marco Alverà has fulfilled the role of General Manager, a post that he continues to occupy after his appointment as Chief Executive Officer.
  • 50 Chairman and member of the Compensation Committee since 11 May 2016.
  • 51 Member of the Appointments Committee since 11 May 2016.
  • 52 Chairman and member of the Control and Risk Committee until 27 April 2016.
  • 53 Chairman and member of the Appointments Committee since 11 May 2016.
  • 54Member of the Control, Risk and Related-Party Transactions Committee since 11 May 2016.
  • 55 Chairman of the Control, Risk andRelated-Party Transactions Committee since 11 May 2016.
  • 56 Chairman of the Compensation Committee until 27 April 2016 and a member since 11 May 2016.
  • 57 Member of the Appointments Committee until 27 April 2016.
  • 58 Member of the Compensation Committee until 11 May 2016.
  • 59 Member of the Appointments Committee since 11 May 2016.
  • 60 Member of the Appointments Committee until 27 April 2016.
  • 61 Chairman and member of the Appointments Committee until 27 April 2016.
  • 62 Member of the Control and Risk Committee until 27 April 2016.
  • 63 Member of the Compensation Committee until 27 April 2016
  • 64 Member of the Control and Risk Committee until 27 April 2016.
  • 65 Member of the Compensation Committee until 27 April 2016.
annual report

Read the online version of Snam’s 2016 annual report

Read more
2016 sustainability

Consult Snam’s 2016 sustainability report

Read more
corporate governance report

Get all updates on governance in the annual Corporate Governance Report

Read more
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updated
07 April 2017 - 16:31 CEST