Corporate Governance

Responsibility, transparency and integrity are the guiding principles in setting the Group’s governance processes. We adopt sound actions and choices inspired by the experience gained at a national level and by ethical, social and legal behaviour.

In this field, our main objectives include:

• strengthening the company’s reputation
• minimising risk
• balancing powers
• protecting the managerial independence of the operating companies.

The effectiveness of the governance processes is ensured by a management system that encourages decision making and sharing together with the valorisation of the skills and professionalism present within the company. The governance process is based on the provisions and communications issued by the Parent company.

The Supervisory Board of Ferrovie dello Stato SpA, set up in compliance with Italian Decree 231/2001, reports to the Managing Director, the Board of Statutory Auditors and the Board of Directors. Since 2007 a “Manager responsible for preparing corporate accounting documents” has been appointed in the Parent Company as provided for by Law 262/2005.

Auditing is provided by KPMG SpA in compliance with the Italian Civil Code.