Board induction

board induction

 Snam holds specific board induction sessions for members of the Board of Directors and the Board of Statutory Auditors.

Following the appointment of the Board of Directors and the Board of Statutory Auditors, Board induction sessions were held, which were attended by the members of both the Board of Directors and the Board of Statutory Auditors.

In accordance with the Corporate Governance Code, Board induction sessions aim to provide directors and standing auditors with adequate knowledge of the sector in which the Company operates. They also focus on corporate dynamics and changes in the ownership structure. The sessions were designed and led by the management teams of the relevant departments.

In particular, in 2019, the following meetings took place in which the issues indicated were explored:

■ 2 April 2019: a general presentation of the Snam Group was made when the new corporate bodies were inaugurated;

■ 13 May 2019: Snam’s corporate governance, value creation, the 2019 Budget, the results for the first quarter of 2019, finance in Snam, Snam’s real estate assets, and initiatives for cultural change at Snam;

■ 14 May 2019: the development of the gas market landscape, the Strategic Plan and the regulatory context;

■ 12 June 2019: the activities of the Asset Italia Business Unit and the support provided for Snam’s business by the DT&T function. Visit to the Western Central District of Snam Rete Gas;

■ 16 July 2019: activities abroad, the system of internal control of corporate reporting; the Tax Control Framework – Cooperative Compliance;

■ 11 September 2019: risks and opportunities of climate change, Strategic Plan scenarios, update on ongoing projects;

■ 2 October 2019: Visit to the Bordolano storage plants.

Visits to Snam Group plants provide a clearer understanding of the industrial processes of the Snam Group and direct knowledge of the sites and the people working there.


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21 May 2020 - 16:09 CEST