Acea’s Governance System

Our governance bodies

The Acea SpA Board of Directors defines strategic guidelines for the group and is responsible for corporate governance, pursuing the sustainable success thereof. 

As recommended by the Corporate Governance Code, the parent company’s BofD has set up three Committees, each with a proactive, advisory role:

• Control and Risks Committee

• Appointments and Remuneration Committee

• Ethics, Sustainability and Inclusion Committee

   

In accordance with Consob requirements, a Related Party Transactions Committee has also been set up. 

Furthermore, Acea has established a Communities Committee, comprising three non-executive and independent directors. This Committee has been assigned investigative, advisory and supervisory duties for the healthy and virtuous development of relations with the territories where the Group operates and, with specific reference to the procedure for the concession, on the part of the Group, of sponsorships and donations, in observance of corporate prerogatives and the regulatory and legislative constraints applicable to individual subsidiaries.

The Board of Statutory Auditors has the task of monitoring regulatory compliance and overseeing the group’s correct administration.


The Annual General Meeting appoints, via slate vote, the Board of Directors and the Board of Statutory Auditors. Each year it approves the annual financial statements and, wherever necessary, is called in extraordinary session to pass the resolutions reserved to its competence by law and by the Articles of Association.