Login    

Board work 2018

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 2018, the most important operation examined and approved by the Board of Directors was the acquisition of 66% of the Greek operator DESFA by the consortium consisting in Snam, Enagas and Fluxys.

Meetings and attendance in 2018

  • the Board of Directors met 7 times
  • the meetings were attended on average by 96.8% of directors
  • the meetings were attended on average by 94.2% of independent directors
  • the average duration of board meetings was 227.1 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, 2018. The data refer to the financial year 2017 and are excerpted from public sources such as the Financial Statements for 2017 and the Corporate Governance Reports published in the Spring of 2018.

Rate of attendance at Board meetings

 

*THE EUROPEAN HOUSE – AMBROSETTI S.P.A., L’osservatorio sull’eccellenza dei sistemi di governo in Italia, 2018. The data refer to the financial year 2017 and are excerpted from public sources such as the Financial Statements for 2017 and the Corporate Governance Reports published in the Spring of 2018.

Board meeting attendance

Chairman
Malacarne Carlo
100%
CEO
Marco Alverà
100%
Director
Bruno Sabrina
100%
Director
de Virgiliis Monica
86%
Director
Gori Francesco
100%
Director
Lucia Morselli
100%
Director
He Yunpeng
100%
Director
Elisabetta Oliveri
86%
Director
Alessadro Tonetti
100%

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 head of the Management of the issuer (Chief Executive Officer or CEO).
  • ° This symbol indicates the Lead Independent Director (LID).
  • * Date of first appointment of each director” means the date on which the director was appointed for the first time ever to the Board of Directors of the issuer.
  • ** This column contains the list from which each director was selected.
    M: to be intended as the list from which the majority of the Directors were drawn
    m: to be intended as the list from which the minority of the Directors were drawn
  • *** This column specifies the number of director or statutory auditor offices held by the person concerned in other companies listed on regulated markets, including foreign ones, in financial, insurance companies, banks, or large companies. In the Corporate governance report the offices are shown in full.
  • (*) This column specifies the participation of the directors in the meetings of the BoD and in the meetings of the committees (specify the number of meetings attended compared with the total number of the meetings which could have been attended; e.g. 6/8, 8/8, etc.).
  • (**) This column indicates the director’ s role on the committee concerned: “P”: chairman; “M”: member.
 
annual report

Read the online version of Snam’s 2018 annual report

Read more
2018 sustainability

Consult Snam’s 2018 sustainability report

Read more
corporate governance report

Get all updates on governance in the annual Corporate Governance Report

Read more
Page Alert
updated
15 March 2019 - 10:25 CET