Thursday 21 September 2017
As known, the expression corporate governance defines the system and rules for the management and control of the company. In order to have an effective governance the bodies must foresee the future scenarios and understand the evolution of business’, increasingly complex, dynamics. The tools for data analysis must evolve beyond the traditional reporting models in order to support Executives in difficult arduous task of assessing the impact of decisions, as well as integrating risk management.
Integrity and transparency are the principles, for the above mentioned purposes, sought by Saimare to define its corporate governance system, which is based on the general and special rules which are applicable to the Statute, Ethical Code, internal regulations and best practice.
Saimare adopts the traditional administration and control systems which entrusts the company's management to the Board of Directors and assigns control functions to the Chairman of the Board of Auditors. The statutory audit is entrusted to the Chairman of the Supervisory Board.
The Shareholders' Meeting is entrusted with the most important decisions regarding the life of the Company such as appointing corporate bodies, approving the budget and changing the statute.
The Board delegates part of its managerial competences to the CEO. Chairman and CEO roles are clearly separate and it is up to both to represent the Company.
Saimare’s Governance system and rules have some specific definitions based on a kind of company management that excludes all forms of ambiguity and, on the contrary, allows clarity, the sharing of rules and information, transparency, belonging to the managerial and institutional environment of company control.
The governance system of Saimare is based on the transparency of decisions taken towards transactions related to the market of our operations and in particular with reference to the strict regulation and clear principles of conduct for carrying out transactions with related parties.
This system, designed and built on the basis of manuals and guidelines which have been developed by the greatest universities and most popular Italian Economic Institutes, was implemented with the adoption of codes, principles and procedures that characterize the activities of the various organizational and operational components and that are constantly subject to reviews and updates in order to effectively respond to the evolution of the regulatory environment and to the changes regarding operational practice.
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