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ITEN

Structure and Attendance

The Board of Statutory Auditors is made up of three standing auditors and two alternate auditors. They are appointed by the shareholders’ meeting for three financial years and may be re-elected at the end of their term of office.

 

MEMBERSHIP AND PARTICIPATION (2016)

Name Position List* Independent Pursuant to Code of Corporate Governance No. of other positions held Attendance Board of Statutory Auditor Attendance Board of Director
Amato Leo Chairman M Yes 44 14/14 13/13
Gatto Massimo Standing auditor m Yes 4 14/14 13/13

Mosconi

Maria Luisa

Standing auditor M Yes 10 9/9 8/8

Statutory auditors must meet the requirements of professionalism and integrity indicated in Justice Ministry Decree No. 162 of 30 March 2000. In Snam’s case, this expertise relates to the activities of commercial law, business economics and business finance and to the sectors of engineering and geology.

* M=majority; m=minority

 

Meetings and attendance in 2016

In 2015, the Board of Statutory Auditors met 14 times. The meetings were attended on average by 95.24% of the statutory auditors. The average duration of the Board of Statutory Auditors’ meetings was 231 minutes.

meetings

 

attendance

 

Upon prior notice to Snam’s chairman, the Board of Statutory Auditors may call shareholder and board meetings. Each member of the Board of Statutory Auditors may also individually call board meetings. To call a shareholders’ meetings requires at least two members of the board.

The Board of Statutory Auditors is invited to attend meetings of the Control, Risk and Related Parties Committee.

Members of the Board of Statutory Auditors must declare any interest on their own behalf or that of third parties in specific transactions submitted to the Board of Directors. No such declarations were required from the members of the Board of Statutory Auditors in 2016. On the basis of declarations provided by its members, the Board of Statutory Auditors perfomed its annual check of its members' independence.

 

board of statutory

Read more about the Board of Statutory Auditors and its activities

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control and compilance

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financial report

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updated
29 March 2017 - 14:45 CEST