Governance

Atlantia SpA’s Corporate Governance system constitutes an essential instrument to ensure an efficient and successful management and a reliable control tool of the activities carried out by the company, aiming at the creation of value for shareholders and stakeholder.

The principles of Atlantia's corporate governance comply with Italian laws and regulations, as well as best international practice and the recommendations of the Corporate Governance Code for Listed Companies, in force from time to time, set out by Borsa Italiana S.p.A.

Atlantia has adopted a traditional administration and control system according to which the Shareholders Meeting has the responsibility of adopting the most relevant decisions concerning the company, such as appointing the corporate bodies and approving the annual financial statements. The Board of Directors is entrusted with the management of the Company and carries out all the activities necessary to achieve the corporate purpose. Four Committees have been set up within the Board of Directors which are charged with consultative and advisory functions towards the Board of Directors itself. The Board of Statutory Auditors is responsible, among other things, for supervising the Company's compliance with the law and bylaws, as well as the observance of correct management principles in the carrying out of the Company's activities while the Independent Auditors are responsible for auditing the Company’s accounts.

Atlantia publishes every year its Report on Corporate Governance which contains detailed information to the market on the corporate governance corporate with particular reference to the corporate bodies, their composition, terms of office, functioning and powers. The Report also contains information on the ownership structure, control and risk management system as well as the choices that the Company has made in application of principles and recommendations set forth by the Corporate Governance Code of Borsa Italiana S.p.A..

On 21 December 2020 Atlantia's Board of Directors resolved, with the favourable opinion of the Company's Risk and Corporate Control Committee, to adhere to the new Corporate Governance Code for Listed Companies, published on 31 January 2020 by the Corporate Governance Committee promoted by Borsa Italiana SpA, thereby superseding its own Corporate Governance Code in force since 14 December 2007 and updated over the years to take account of Atlantia's specific situation and the recommendations made by Borsa Italiana.

The Company will apply Borsa Italiana SpA's new Corporate Governance Code from 1 January 2021, informing the market of its application in the corporate governance report to be published in 2022.

 

Atlantia Corporate Governance Code (effective until 31/12/2020)
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2019 Report on Corporate Governance
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