Corporate and organisational structure
The Corporate Governance consists of a set of rules and methods necessary for planning, managing and controlling the operation of the Company, outlined by the Board of Directors, in compliance with the regulations that the Company is subject to as a listed Issuer and in adherence to the Code of Corporate Governance approved by the Corporate Governance Committee.
This Corporate Governance system is based on certain key principles, such as correct and transparent business management implemented through the identification of information flows between corporate bodies and an efficient definition of the internal control and risk management system.
Snam exercises management and coordination activities with regard to its subsidiaries and has adopted specific guidelines on Corporate Governance that define, among other things, the principles, contents, instruments and operating methods of the strategic activities conducted by Snam. In line with the corporate governance system and the features of its organisational structure, the management and coordination activities adequately take into consideration legal autonomy and the principles of correct corporate and business management of subsidiaries.
The organisational structure of Snam features four business units and staff functions, designed with a view to simplifying processes, efficiency and continuous improvement. The business units focus on the activities of (i) international development, (ii) development of the hydrogen business, (iii) development of businesses related to energy transition, (iv) the management of Italian subsidiaries and the development of technical services centred on specialist know-how and expertise for gas sector operators.