Meeting Attendance

Statutory auditors receive information on all issues on the agenda of the Board of Directors at the same time as the Directors.

The Board of Directors and the CEO report, at least every quarter and however in the Board of Directors meeting, to the Board of Statutory Auditors on the activities and on the most relevant operations regarding the operational, economic and financial management of the Company and its subsidiaries.

In line with the provisions of the Eni Corporate Governance Code , an auditor who has an interest, either own or on behalf of third parties, in a certain transaction of the issuer, shall inform the Board of Directors and the other auditors.
These transactions and transaction in which auditors are related parties have been regulated in guidelines on transaction in which a director (or statutory auditor) has an interest and transaction with related parties.

Meetings can be held by video or telephone conference.

In 2008, the Board of Statutory Auditors met 22 times, of these 12 with reference to the Board presently in office.
Average duration of meetings was 3 hours and 30 minutes.

In 2008, attendance rate was 95% of its members and 93% at the Board of Directors’ meetings. The current Board of Statutory Auditors showed attendance rate of 98.4% of members in its own meetings and 92.8% at Board of Directors’ meetings.