Board Committees have been set up within the FS Italiane Group's company board so as to provide support in improving the corporate governance, internal controls and risk management systems, in part because of the complexity of the initiatives laid down by the Industrial Plan.
Audit, Risk Control and Governance Committee
Supports the assessments and decisions made by the board on the internal control and risk management system, as well as those relating to the approval of periodic financial reports; it also deals with assessments on the size/composition of the board itself, the company's and group's corporate social governance and corporate social responsibility.
Appointments and Remuneration Committee
Supports the assessments and decisions made by the board relating to: criteria for appointing managers with strategic responsibilities and those who make up the FS's governance bodies, as well as administration and control bodies, and control of the companies directly controlled by FS SpA; co-opting FS board members; guidelines and criteria on pay policy, and on managers' bonus systems; remuneration of the CEO and President of the FS.
Non-board Committees have the function of orienting and supporting group activities, and its members are temporarily appointed from the heads of some company functions.
Helps the integration of the ethical criteria taken on with respect to company stakeholders in decision-making processes; checking that actions and behaviour meet defined behavioural standards and continually updating the Code of Ethics
As a consultative body of the CEO, providing orientation on investment and disinvestment, and giving direction to the group's planning process. It thus establishes an opinion as to whether the group's Investment and Disinvestment Plan has been adhered to, validates the list of relevant investments and disinvestments selected by Strategy, Planning and Sustainability Central Management, on the basis of the proposals of the group companies, and follows the evolution of the relevant group plan and puts forward any necessary corrective action in its implementation.
Committee for Group Information and IT Systems Security
In its role as an inter-company consulting body, it orientates group information security strategies; it draws up proposals for group companies to identify critical business processes relating to emerging risks on the use and management of information resources; it monitors, assesses and approves the proposals on the regulation of information and IT system security assessments and certifications.
SoD (Segregation of Duties) Committee
Defines, validates and overseas the group's SoD Risk Matrix. The Committee also analyses and monitors the implementation of the best ways to take action to manage/resolve the SoD risks identified transversally by staff processes amongst group companies.
Equal Opportunities Committee
Puts forward positive initiatives and action aimed at offering female workers more favourable organisational conditions and work distribution, helping them balance their work and family commitments. The committee is made up of a national committee and 15 regional ones.
Promotes, through the creation of guidelines on anti-trust compliance, the spread of awareness relating to competition issues and monitors its correct application.
Foreign Initiative Committee
Strategically oversees the foreign development initiatives in which the group has an interest.
Monitors the progress of group credits, identifying any critical areas and promoting any corrective action necessary; assessing the consolidated exposure by counterparty and the probability of repayment.
Ensures the integration of sustainability issues in the group's economic-financial strategies, while respecting stakeholder needs and expectations.
Steering Committee 231
The committee manages rail works and evaluates Team 231’s proposals, ensuring an efficient flow of information to the Chief Executive Officer and General Manager, the Supervisory Body, and other Control Bodies.
Fourth Railway Package Implementation Committee
The Committee is in charge of the following activities:
- Evaluates the new regulations and the effects on the activities of FS Italiane Group.
- Monitors the evolution of the implementation of directives by other EU Member States.
- Coordinates the provision of the positions of the FS Italiane Group regarding the adoption of legislation relating to national implementation.