Integrity and transparency are the principles that have inspired Eni in designing its corporate governance system1, a key pillar of the Company’s business model. The governance system, flanking our business strategy, is intended to support the relationship of trust between Eni and its stakeholders and to help achieve business goals, creating sustainable value for the long-term.
Eni is committed to building a corporate governance system founded on excellence in our open dialogue with the market and all stakeholders.
Ongoing, transparent communication with stakeholders is an essential tool for better understanding their needs. It is part of our efforts to ensure the effective exercise of shareholder rights.
With this in mind, recognising the need for a deeper dialogue with the market, in 2017 Eni organised a new cycle of “corporate governance roadshows” involving the Chairman of the Eni Board of Directors with the main institutional investors of Eni to present the Company’s governance system and main initiatives in the fields of sustainability and corporate social responsibility.
The initiative was much appreciated by the investors, who welcomed the open and constructive dialogue forged with the Company. In particular, the investors applauded the composition of the Board of Directors, including its diversity, the governance measures adopted and the completeness and transparency of the information provided to shareholders and the market as a whole. In addition, during the meetings the investors displayed considerable interest in developments in the governance of risks and the control system, including compliance, the associated organisational arrangements and the leading role reserved for the Board and the Chairman in the system. Additional events were held in early 2018.
(1) For more detailed information on the Eni Corporate Governance system, please see the Corporate Governance and Shareholding Structure Report, which is published on the Company’s website in the Governance section.
The Eni Corporate Governance structure
a – Member appointed from the majority list, non-executive and independent pursuant to law.
b – Member appointed from the majority list.
c – Member appointed from the majority list and independent pursuant to law and Corporate Governance Code.
d – Member appointed from the minority list and independent pursuant to law and Corporate Governance Code.
e – External member.
f – Senior Executive Vice President Legal Affairs.
g – Executive Vice President Integrated Compliance.
h – Senior Executive Vice President Internal Audit.
i– Executive Vice President Labour Law and Dispute.
* – On July 27, 2017, Eni’s Board of Directors has established an Advisory Board, chaired by Director Fabrizio Pagani and composed of leading international energy experts: Ian Bremmer, Christiana Figueres, Philip Lambert and Davide Tabarelli.
** The following are Alternate Auditors:
Stefania Bettoni - Member appointed from the majority list and independent pursuant to law and Corporate Governance Code.
Claudia Mezzabotta - Member appointed from the minority list and independent pursuant to law and Corporate Governance Code.
*** Also Senior Executive Vice President Corporate Affairs and Governance.
**** Compensation Committee until March 15, 2018.