Composition And Appointment

The Board is composed of five Statutory Auditors and two alternate Auditors appointed by the Shareholders’ Meeting for three years and re-electable at the end of the mandate.
The Chairman of the Board of Statutory Auditors has been appointed by the Shareholders’ Meeting from amongst the Auditors elected by the minority shareholders.
The Auditors are appointed by means of the list voting system: the lists are presented by the shareholders.
Two statutory and one alternate Auditors are selected from amongst the candidates of the minority shareholders.
Eni applies the special norms required by Law no. 474 of 1994 in relation to the modalities and timing for the presentation and registration of the lists.
The lists include information relative to the shareholder(s) which present the list as well as the declarations of each candidate which certify the possession of the legal pre-requisites in addition to a personal and professional CV.
The lists must be filed within the registered office at least ten days before the date of the first call of the Shareholders’ Meeting and published in three Italian newspapers with national circulations, two of which must be economic in nature. The lists are communicated to Borsa Italiana (Italian Stock Exchange) and published on the Company's website.

Legal requirements
The Auditors must possess the specific requirements of independence as well as the requirements of professionalism and honorability which are provided for in the regulations of the Ministry of Justice.
The By-laws specify that the professionalism requirements can also be fulfilled by work experience of at least three years in:

• professional or teaching activities pertaining to commercial law, business economics and corporate finance, or
• executive positions within the engineering and geological sectors.

The Statutory Auditors holding office are all registered accountants.