The term Corporate Governance refers to the system of management and control of the company, in other words the set of technical and legal rules and regulations that aim to ensure effective and efficient management for the creation of value for all the shareholders, also taking into consideration the interests of other stakeholders.
A tool to create sustainable value
This system is fundamental for Eni’s business model and alongside our business strategy supports the relationship of trust with our stakeholders, contributing to the achievement of results and creating sustainable value in the long term.
Integrity and transparency
Eni pursues principles of integrity and transparency in defining its system of corporate governance, incorporating relevant general and special norms, the By-laws, the Code of Ethics, the recommendations outlined in the Corporate Governance Code for listed companies to which Eni adheres, internal regulations and established best practice.
Reliability and efficiency
Eni is listed on the Milan and New York Stock Exchanges and has adopted a traditional management and control system that entrusts the Board of Directors with management responsibility and gives supervisory functions to the Board of Statutory Auditors. The statutory auditing of the company’s accounts is entrusted to an external auditing firm. The presence of the Italian Ministry of Economy and Finance as an important shareholder requires the supervision of the Court of Auditors and the implementation of some special regulations.
“Golden Powers” and shareholding limits
Eni is subject to the general laws for listed companies and special regulations relating to its activities. Added to these are laws linked to the holding of interests of strategic important assets in the energy sector (Golden Powers pursuant to Law No. 56/2012) and shareholding limits.
04/02/2020 - 10:00 AM