Board induction

Snam holds specific board induction sessions for members of the Board of Directors and the Board of Statutory Auditors.
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.
04 April 2018 - 17:18 CEST