Board of Statutory Auditors evaluation

Board of Statutory Auditors evaluation

The Board of Statutory Auditors in keeping with the suggestions of the "Rules of conduct for the board of statutory auditors of listed companies" of the Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili (Italian equivalent of association of chartered accountants) carries out every year the self-evaluation activity.

Snam's Board of Statutory Auditors has carried out its own self-assessment for 2019, supported by Spencer Stuart S.r.l., a leading consulting firm in corporate governance matters, which also follows the self-assessment of the Company's Board of Directors.

Drawing inspiration from the regulations and based on the "Rules of Conduct of the Board of Statutory Auditors of Listed Companies", edited by the National Council of Chartered Accountants and Accounting Experts, the process involved all the effective members of Snam's Board of Statutory Auditors.The assessment is based on the information received from the members of the Board of Statutory Auditors during the individual interviews and through the compilation of the interview Guide prepared by Spencer Stuart, on the basis of the relevant legislation and regulations.

Overall, the self-assessment provided a positive outcome of the composition and functioning of Snam's Board of Statutory Auditors.

For more information read the Report on Corporate Governance and Ownership Structure, page 83.

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06 April 2021 - 13:56 CEST