Composition and Nomination

The Board of Statutory Auditors consists of five effective auditors and two alternate auditors appointed by the Shareholders Meeting for a three financial year term. They may be reappointed. 

The Chairman of the Board of Auditors shall be appointed by the Shareholders Meeting from among the auditors elected by the minority shareholders.

The statutory auditors are appointed by list vote: the lists are presented by Shareholders.

Two auditors and one alternate are elected from lists presented by minority shareholders.

Eni applies the special norms provided for by Law No. 474 of 1994 as concerns timing and modes for presenting and filing lists. 

The lists include information on the shareholders presenting the lists, declarations made by candidates on the possession of the legal requirements and a professional and personal biography of each candidate.   

Lists must be filed at the Company's registered office at least ten days before the date of the Shareholders Meeting on first call and are published in three Italian newspapers of general circulation, two of them business dailies. Lists are also filed with Borsa Italiana and published on the Eni's website.

Legal requirements
Statutory auditors shall possess specific requirements of independence, and the professional and honorability requirements as prescribed by a regulation of the Minster of Justice.

Eni's By-law requires that the professional requirements can also be acquired with at least three years of:

• professional experience or by teaching commercial law, business administration and finance, or
• experience in managerial positions in engineering and geological business.

The current statutory auditors are all chartered accountants.