Our Board of Directors

 

• the definition of strategic and management guidelines and formulation of the company’s growth channels;

   

• the economic-financial coordination of the Group’s activities via approval of the long-term strategic plans, including the financial plan, investments and annual budgets;

   

• the definition of Internal Control System and Risk Management guidelines, with a view to ensuring that the main risks pertaining to Acea and its subsidiaries – including the various risks that are potentially important from a medium/long-term sustainability perspective – are correctly identified, measured, managed and monitored;

   

• definition of the nature and level of risk in keeping with the strategic objectives identified by the company, including in its evaluations all factors that are potentially important with a view to the company’s sustainable success;

   

 

• adoption of the Organisation, management and control model pursuant to Italian Legislative Decree no. 231/01 and appointment of the Supervisory Committee;
   

• the approval of all transactions of an extraordinary nature, as well as the acquisition and sale of shareholdings;
   

• upon a proposal by the relevant committee and having heard the Board of Statutory Auditors, the fixing of remuneration for the Chairperson, the Chief Executive Officer and the other Directors with specific duties, as well as the fees payable to members of the internal Board Committees;

   

• the establishment of an ongoing dialogue with shareholders, based on a mutual understanding of respective roles;

   

• the establishment of safeguards to protect the handling of personal information and sensitive data pertaining to third parties;

   

• adoption of the procedures required to protect workers' health and the appointment of workplace safety supervisors.

 

• assessed the general business trend when preparing its financial report, particularly taking into consideration the information received from the delegated bodies and periodically comparing the results achieved with those forecast;

 

• approved the Company’s remuneration policy, which envisages quantitative sustainability targets as part of its variable short and long-term incentive schemes;

 

• prepared the proposal concerning the amendment to clauses 13 and 17 of the Articles of Association for Acea’s extraordinary AGM, which approved the same on 19 December 2024;

 

 

• approved the 2024 – 2028 “Green Diligent Growth” Business Plan, which defines the strategic guidelines and the trend in operations pertaining to Acea’s businesses;

 

• following the favourable opinion of the Ethics, Sustainability and Inclusion Committee, approved the 2024-2028 Sustainability Report, defined in close correlation with the Business Plan, which covers the same timeframe and formalises the Acea Group’s commitment to integration of sustainable growth principles into its business decisions and company management;

 

• approved the organisational changes to Acea’s macrostructure;

 

• approved the update to the Organisational and Management Model pursuant to Legislative Decree no. 231/2001.

 

For further details concerning the activities performed by the Board of Directors, reference is made to the 2024 Report on Corporate Governance and Ownership Structures.