Board of Directors

​​​Composed of five members appointed by the Shareholders' Meeting, the Board of Directors has the task of defining the corporate and Group strategies and guidelines of the internal control system, approving the Draft Budget, updating the Organisation, Management and Monitoring Model and the three-year plan for the Prevention of Corruption, appointing the members of the Supervisory Body, setting their remuneration, the Manager responsible for preparing the corporate accounting documents and the Manager for transparency and prevention of corruption.

The Board in office was appointed by the Shareholders' Meeting on 12th December 2019 for the 2019-2021 financial years.
The Chairman of the Board of Directors represents the Company and signs on behalf of the Company, chairs the Shareholders' Meeting, convenes and chairs the Board of Directors and verifies the implementation of its resolutions.

In cases of his absence or impediment, the Board of Directors, if the Shareholders' Meeting has not done so, can appoint the Deputy-Chairman, without additional compensation. The office of Deputy-Chairman is also covered by the CEO.

All the powers for the management of the Company have been conferred by the Board of Directors to the CEO in office, including those relating to the protection of health and safety in the workplace, the prevention of accidents and occupational diseases, and environmental protection, except for:

  • of the powers reserved by law or by the company by-laws to the Chairman and the Board of Directors;
  • the powers that the Board of Directors has not expressly reserved.
The CEO periodically reports on the performance of these powers to the Board of Directors and the Board of Statutory Auditors, normally every three months.