FNM S.p.A., a share-issuing company listed on the Borsa Italiana S.p.A. market, adopts a corporate governance system that complies with the provisions of the law and of the current CONSOB legislation, in line with the contents of the Corporate Governance Code for Listed Companies on the Italian stock Exchange and with national and international best practices.
RULES OF PROCEDURE OF THE BOARD
The rules of procedure govern the functioning of the Board of Directors of FNM S.p.A., including the procedures for recording the minutes of the meetings as well as for managing the reporting to the directors, in compliance with the law, regulations and the bylaws, and in light of the principles and recommendations of the Corporate Governance Code to which the Company adheres.OPEN
SHAREHOLDERS ENGAGEMENT POLICY
In accordance with Principle IV and Recommendation no. 3 of Borsa Italiana's Corporate Governance Code, FNM's Engagement Policy aims to enhance and foster the dialogue between the Company, the financial community and the markets by building, maintaining and developing a constant, proactive and trusting relationship with Shareholders and Stakeholders, promoting dialogue activities that help align the interests of the latter with those of the Company, in order to favour the stability of investments and the sustainable success of the Company and the Group in the medium/long term.OPEN
THE CURRENT 231 MODEL
FNM and its subsidiaries have adopted their own Organizational Models since 2005. They were drafted in compliance with the provisions of Legislative Decree no. 231/2001 and the ASSTRA guidelines. The current 231 Model was updated in 2016..open
THE CORPORATE GOVERNANCE CODE
The Corporate Governance Code defines the guidelines for the Internal Control and Risk Management System.open
Auditing is carried out by a company registered in the Register according to the relevant laws and regulations and in particular to the Consolidated Financial Act (Legislative Decree 58/98)
On 28 April 2017, the Shareholders' Meeting appointed PricewaterhouseCoopers SpA as the auditing firm for for the 2017-2025 nine-year period. This appointment requires regular verification of bookkeeping and correct recording of the management facts in the accounting records, as well as verification of separate and consolidated financial statements. The same company has also been tasked with revising the FNM Group's Sustainability Report.