Board work 2019
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 report on compensation policy and paid remuneration, the report on corporate governance and ownership structure and the document Financial Disclosure on Climat Change
- 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
Meetings and attendance in 2019
- the Board of Directors met 14 times
- the meetings were attended on average by 98.4% of directors
- the meetings were attended on average by 99.2% of independent directors
- the average duration of board meetings was 126 minutes
Meetings and attendance
Number of Board meetings
*ASSONIME – “La Corporate Governance in Italia: autodisciplina, remunerazioni e comply-or-explain” (Corporate Governance in Italy: Compliance, Remuneration and Comply or Explain) (2019), Note e Studi 2/20. The 2019 survey includes 220 Italian companies, listed at 31 December 2018, for which Reports were available on 15 July 2019.
Rate of attendance at Board meetings
*ASSONIME – “La Corporate Governance in Italia: autodisciplina, remunerazioni e comply-or-explain” (Corporate Governance in Italy: Compliance, Remuneration and Comply or Explain) (2019), Note e Studi 2/20. The 2019 survey includes 220 Italian companies, listed at 31 December 2018, for which Reports were available on 15 July 2019.
Board meeting attendance
|
Chairman
|
Luca Dal Fabbro
|
100%
|
|
CEO
|
Marco Alverà
|
100%
|
|
Director
|
Laura Cavatorta
|
100%
|
|
Director
|
Francesco Gori
|
100%
|
|
Director
|
Yunpeng He
|
100%
|
|
Director
|
Antonio Marano
|
90%
|
|
Director
|
Francesca Pace
|
100%
|
|
Director
|
Rita Rolli
|
100%
|
|
Director
|
Alessadro Tonetti
|
100%
|
Structure of snam's board of directors and committees
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): 0.5% 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.
21 May 2020 - 16:08 CEST