Board induction

After the appointment of the Board of Directors and of the Board of Statutory Auditors a number of board induction sessions took place, which were attended by the members of both boards.
These sessions, in compliance with the provisions of the Corporate Governance Code, were aimed at providing directors and statutory auditors with adequate knowledge of the business areas in which the Company is active, also in view of corporate dynamics and of the development of the corporate structure. The sessions concerned the following:
(i) the business and regulatory context of the Snam Group; (ii) the governance matters; (iii) the economic/financial data; (iv) the Strategic Plan.

These sessions were prepared and run by the managers of the relevant structures, whereas the session on the Strategic Plan was held by the Chief Executive Officer.
In 2017 further Board Induction sessions were held to study specific business matters in greater detail. Specifically, on 2 February 2017 the matters relating to the storage of gas were studied in detail, with the relevant visit to the plant of Bordolano, and on 24 July 2017 the issues relating to “Energy Efficiency” were reviewed – a sector of interest to Snam. Finally, on 5 December 2017 a meeting was held devoted to technological innovation concerning the building and management of plants and network of transport, with a visit to the building site of the Cervignano-Mortara natural gas pipeline.
On 13 February 2018 the first Board Induction session of the year took place, which related to climate change and future gas scenarios, with the involvement of experts of the Sustainable Gas Institute of the Imperial College of London.