Header Background
your search: "Watch Structure"
8 documents match your query

Search results

Model 231 The Board of Directors has adopted its own organisation, management and control model pursuant to Legislative Decree No. 231 of 2001 (“Model 231”) to prevent crimes mentioned in the legislation on corporate administrative responsibility for crimes committed in the interest or to the advantage of the company, and it has set up a Watch Structure equipped with autonomous powers of initiative and control, in compliance with the law. Most recently on 30 July 2013, the Board of Directors approved the new Model 231, which was updated with regard to the new crimes of “private corruption”, “undue inducement to give or promise benefits” and [...]
[...] their respective areas of responsibility, with the Board of Statutory Auditors, the External Auditors, the Watch Structure, the Executive Responsible for preparing corporate accounting document, the Head of ERM and the Internal Auditor; - examination of the various initiatives adopted by Snam, including through assigning mandates to consultancy firms and experts, on specific matters identified, in consideration of the content of the Italgas Judicial Administrators’ Report. The Committee also received information on an ongoing basis on the matter’s development and its implications during meetings of the Control and Risk Committee and of the Board of Directors, [...]
[...] activities will not be able to influence them; (ii) the members of the boards of directors and watch structures and the executives of Eni and its subsidiaries may not be part of the corporate bodies of or hold executive offices at CDP or Snam and their subsidiaries, nor may they enter into any direct or indirect professional or financial relationship with said companies, and vice versa58. As indicated in Section II, Paragraph 2 above, the Prime Ministerial Decree of 25 May 2012 also provides that the voting rights of Eni (or of other producers or suppliers of gas and/or electricity or of their parents, subsidiaries or associates) at Snam’s Shareholders’ Meeting [...]
[...] criminal acts” set out in Legislative Decree No. 231 of 2001. The Board of Directors has appointed the Watch Structure, which was set up pursuant to Legislative Decree No. 231 of 2001, to the role of Code of Ethics Supervisor, to which the following may be presented: (i) requests for clarification and interpretation of the principles and content of the Code; (ii) suggestions on the application of the Code; and (iii) reports of violations of the Code, whether these have been discovered directly or indirectly. The Code of Ethics is available on the Company’s website (http://www.snam.it (PDF)). 6 In June 2008, the Board of Directors adopted the Code of Ethics, [...]
[...] managers, the Executive Responsible for preparing corporate accounting document and the members of the Watch Structure. The Chairman does not hold the office of Chief Executive Officer and does not hold a controlling stake in the Company. 24 The Board of Directors appointed Lorenzo Bini Smaghi as Chairman for the first time on 15 October 2012.
to pagetop