The current board of directors was appointed by the Annual General Meeting of 10 June 2008 for three financial years, and will remain in offfice until the Annual General Meeting to approve the company’s Annual Report for the year ending 31 December 2010.
Eni follows the traditional corporate governance system provided for by Italian law, in which the monitoring functions are entrusted to a typical Italian Corporate Governance body: the Board of Statutory Auditors.
The Board of Statutory Auditors currently in office has been appointed by the ordinary Shareholders' Meeting of 10 June 2008 for a term of three financial years
The statute is a document that contains the main operational regulations for a company and in particular on its corporate bodies. It therefore also describes the governance system adopted by the company and outlines the fundamental parameters for the definition and composition of the powers attributed to its corporate boards and the relationship between them.
The Eni Corporate Governance Code, with the By-Laws, regulates functions and relations among governance and control Company's bodies, setting furthermore the general transparency principles to observe with shareholders and the market and describing the main parts of the internal control system.
In order to comply with applicable laws and listing standards, in keeping with the recommendations of Borsa Italiana SpA and of the relevant business associations, since 2007 the Report also furnishes information regarding Eni's ownership, its compliance to the corporate governance codes established by institutional bodies and the relevant commitments to observe them, as well as the options that the company has made in implementing its governance.
The idea of presenting Eni to its shareholders in a simple and understandable way led to a particular care of Eni's internet site aimed at a clear and direct communication, to a creation of a shareholders' handbook (Guida dell'Azionista) and to conceiving dedicated initiatives.
