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The Board of Directors

The Board of Directors is the central body in the corporate governance system and is vested with the highest powers for the ordinary and extraordinary company management.

The Snam Board currently in office, appointed by the Shareholders’ Meeting of 27 April 2016, is composed of nine directors who will remain in office for a period of three years. The Board of Directors plays a central role in overseeing the company’s commitment to sustainable development along the value chain. The Board is assisted in these tasks by the Sustainability Committee, which plays a proactive and consulting role and it is composed of three non-executive directors, two of which are independent, including the Chairman.

During the year the Committee met 10 times with the competent corporate functions on environmental, social and economic issues. The participation rate of the Committee members was 100%.

The Snam Board of Directors has a high degree of:

independence, with 5 out of 9 directors qualified as independent pursuant to the Consolidated Finance Law and the Code of Corporate Governance;
representativeness, with a third of its members elected in the lists submitted by minority shareholders;
gender diversity: 44% of its directors are women, one of the highest values observed in companies listed on the Italian Stock Exchange (Borsa).

 

During 2018, the
Sustainability Committee
met

10

times

 Download XLS (18 kB)
Evolution in the Terms of Office

 

Previous terms of office

Current terms of office

Averange FTSE MIB

*

The European House – Ambrosetti S.p.A., L’osservatorio sull’eccellenza dei sistemi di governo in Italia, 2018 Edition. The data refers to FY 2017 and is taken from public sources, such as the 2017 Financial Statements and the Report on Corporate Governance published in the spring of 2018.

**

Assonime – La corporate Governance in Italia: autodisciplina, remunerazione e comply-or-explain (2017), Abstract Notes and Studies. The 2017 survey includes 221 Italian companies, listed as at 31 December 2016, the Reports of which were available at 15 July 2017. The figure refers to the average number of companies in the FTSE MIB in which the Chairman is not Chairman-CEO.

Number of Directors

9

9

12.7*

Directors elected from minorities

3 (33.3%)

3 (33.3%)

2 (15.8*)

gender less represented in the Bod

33%

44.4%

35,5%*

Independent Directors

56%

56%

62%*

Average age of Directors

56

54

58.2

Presodent Status

Non
executive

Non
executive

Non
executive
75%**

Lead Indipendent Director Existence

no

no

16%*

Seniority of office of the Directors on the BoD (%)

Seniority of office of the Directors on the BoD (%) (Pie chart)
 Download XLS (16 kB)
Board of Directors Members by Age

 

2016

2017

2018

Bod Members < 30

0

0

0

BoD Members between 30 and 49

3

2

2

BoD Members > 50

6

7

7

Directors' expertise (%)

Directors’ expertise (%) (Bar chart)

The detailed information about the Corporate Governance system is reported in the “Relazione sul governo societario e gli assetti proprietari 2018”, published on the website.

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