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Board work 2017

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 2017, the most important operations examined and approved by the Board of Directors were the acquisition of the whole stakes in Infrastrutture Trasporto Gas S.p.A. and a stake in Adriatic LNG as well as a bond issues (EMTN Programme) and convertible bon.

Meetings and attendance in 2017

  • the Board of Directors met 9 times
  • the meetings were attended on average by 95.1% of directors
  • the meetings were attended on average by 95.6% of independent directors
  • the average duration of board meetings was 154.4 minutes

Meetings and attendance

Number of Board meetings

 

*THE EUROPEAN HOUSE – AMBROSETTI S.P.A., L’osservatorio sull’eccellenza dei sistemi di governo in Italia, 2017. The data refer to the financial year 2016 and are excerpted from public sources such as the Financial Statements for 2016 and the Corporate Governance Reports published in the Spring of 2017.

Rate of attendance at Board meetings

 

*THE EUROPEAN HOUSE – AMBROSETTI S.P.A., L’osservatorio sull’eccellenza dei sistemi di governo in Italia, 2017. The data refer to the financial year 2016 and are excerpted from public sources such as the Financial Statements for 2016 and the Corporate Governance Reports published in the Spring of 2017.

Board meeting attendance

Chairman
Malacarne Carlo
100%
CEO
Marco Alverà
100%
Director
Bruno Sabrina
100%
Director
de Virgiliis Monica
89%
Director
Gori Francesco
100%
Director
Lucia Morselli
89%
Director
He Yunpeng
100%
Director
Elisabetta Oliveri
100%
Director
Alessadro Tonetti
78%

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.
 
annual report

Read the online version of Snam’s 2017 annual report

Read more
2016 sustainability

Consult Snam’s 2017 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
10 August 2018 - 14:11 CEST