The Governance System

Reno De Medici has adopted the traditional administration and control model comprising a Board of Directors and a Board of Statutory Auditors appointed by the Shareholders' Meeting.

The entities of the system

Shareholders’ meeting

The structure and functioning of the shareholders’ meeting are governed by the By-Laws and by the provisions of the Italian Civil Code.

Board of Statutory Auditors

The Board of Statutory Auditors exercises the control of legality. It consists of three statutory auditors and two alternate auditors.

Board of Directors

The Board of Directors holds management powers and responsibilities. The Board of Directors may consist of a number of directors between five (5) and fifteen (15) members, at the discretion of the. Shareholders’ meeting

The Company has the following internal Board committees:

• Remuneration Committee.
• Risk and Audit Committee.
• ESG Committee.

Audit Firm

The External Audit firm performs accounting control and financial statement audit.

Head of Internal Audit

The Head of Internal Audit plays a relevant role in the Internal Control System, by performing audit and control activities.

The Supervisory Body

The Supervisory Body exercises the activity of verifying the proper application of the Organization, Management and Control Model adopted in accordance with the requirements of Legislative Decree No. 231/2001.

The Supervisory Body is composed of three effective members.