Balanced and transparent rules

The Corporate Governance system adopted by ACEA S.p.A. is based on the model recommended by the Code of Conduct for listed companies, in the latest version issued on 14 March 2006 under the aegis of Borsa Italiana by the Corporate Governance Committee.

ACEA believes that the adoption of a corporate governance model – such as that recommended by the Code – inspired by the principles of transparency and the right balance between management and control, is an essential requirement and effective tool to achieve the values which underlie its mission.

Given the gradual and flexible application of the recommendations contained in the Code, ACEA S.p.A. has therefore set up and made operational the Internal Control Committee and the Senior Management Remuneration Committee; it has also, subsequently, arranged to adopt its own Shareholders’ Meeting Regulations and to establish a position of Investor Relator.
For detailed information on the Corporate Governance system adopted by ACEA S.p.A., reference should be made to the contents of the Annual Report drawn up in compliance with the provisions of Section IA.2.12 of the Instruction for the Regulation of Organised Markets managed by Borsa Italiana S.p.A.