Corporate Governance Code - implementation of the 2011 edition

Published on Tuesday, 2 August 2016

Enel has adhered to the Self - regulation Code of listed companies (the “Corporate Governance Code”) since 2000.
The Corporate Governance Code, in line with the experience of international markets, points out the best practices on corporate governance recommended to Italian listed companies, to be applied according to the principle of comply or explain. This principle requires to motivate, in the report on Corporate Governance, the reasons for the possible non-adherence to the recommendations included in the standards or the criteria of the Corporate Governance Code.
In December 2011 was published the new edition of the Corporate Governance Code.

This new edition has amended several recommendations of the previous Code, in order to take into account the numerous regulations that have been issued in recent years regarding the corporate governance of listed companies and that have rendered obsolete some of the recommendations that were in force. In addition, the new edition is in line with the latest national and international best practices, reinforcing the centrality of the board of directors and committees and their "independent" component, as well as rationalizing the system of internal controls.

The Board of Directors of Enel, at its meeting held on December 18th, 2012, resolved to adopt the new recommendations and resolved upon all the changes to the company documents necessary or appropriate to ensure the timely implementation of the new edition of the Corporate Governance Code.

 

Last update as of: January 16, 2013