1.1 Shareholders’ Meeting regulations

Snam introduced its Shareholders’ Meeting Regulations²¹ in 2001. The Code of Corporate Governance provides for the Shareholders’ Meeting to be governed by meeting regulations which require that Company Shareholders’ Meetings be held in an orderly and functional manner and guarantee the right of each attending shareholder to state their opinion on the items under discussion.

The Shareholders’ Meeting Regulations govern the procedures that entitle each shareholder to speak on the issues discussed. Specifically, at the beginning of the meeting, the Chairman of the Shareholders’ Meeting lists the agenda items and sets a maximum duration for each speech. Requests to speak on individual items on the agenda may be presented to the Chairman’s office from the beginning of the Meeting until the Chairman opens the discussion on the relevant item.