Our Board of Directors

 

• the definition of strategic and management guidelines and formulation of the company’s growth channels;

   

• the economic-financial coordination of activities via approval of the long-term strategic plans, including the financial plan, investments and annual budgets;

   

• upon a proposal by the Control and Risks Committee, the definition of Internal Control System and Risk Management guidelines, with a view to ensuring that the main risks pertaining to Acea and its subsidiaries – including the various risks that may be relevant from a medium/long-term sustainability perspective – are correctly identified, measured, managed and monitored;

   

• definition of the nature and level of risk in keeping with the strategic objectives identified by the company;

   

 

• adoption of the Organisation, management and control model pursuant to Italian Legislative Decree no. 231/01 and appointment of the Supervisory Committee;
   

• the approval of all transactions of an extraordinary nature, as well as the acquisition and sale of shareholdings;
   

• upon a proposal by the relevant committee and having heard the Board of Statutory Auditors, the fixing of remuneration for the Chairperson, the Chief Executive Officer and the other Directors with specific duties, as well as the fees payable to members of the internal Board Committees;

   

• the establishment of an ongoing dialogue with shareholders, based on a mutual understanding of respective roles;

   

• the establishment of safeguards to protect the handling of personal information and sensitive data pertaining to third parties;

   

• adoption of the procedures required to protect workers' health and the appointment of workplace safety supervisors.

 

• evaluated the general business trend when preparing its financial report, specifically taking into consideration the information received from the delegated bodies and periodically comparing the results achieved with those planned;

 

• approved the Company’s remuneration policy, which envisages quantitative sustainability targets as part of its variable short and long-term incentive schemes;

 

 

• approved the Group’s “Diversity, Equity, Inclusion & Belonging” and “Artificial Intelligence Governance” policies;

 

• acknowledged the results of the so-called double materiality analysis, which illustrates the material issues consistent with the ESRS from a multi-stakeholder (Impacts) and managerial (Risks and Opportunities) perspective;

 

• following preliminary investigation by the respective Committees, adopted the new operating Regulations pertaining to the Control and Risks Committee and the Appointments and Remuneration Committee;

 

• with the support of the Control and Risks Committee, appointed the Supervisory Body members, who will remain in office until the 2026 financial statements are approved, and determined their retribution.

 

For further details concerning the activities performed by the Board of Directors, reference is made to the Report on Corporate Governance and Ownership Structures.