Corporate governance system

Enel's corporate governance rules constitute 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.

Enel rules, which are set forth in compliance with Italian laws and regulations, are inspired by the principles of transparency and fairness. Further, such rules are in line with the recommendations contained in the corporate governance code for listed companies and with international best practices.
Enel provides to the public on a yearly basis a detailed report on its set of corporate governance rules ("Corporate governance and share ownership report"), published jointly with the annual financial statements.

According to Enel's model, the Shareholders meeting has the function to adopt the most relevant decisions concerning the company, such as the appointment of the corporate bodies, the approval of the annual financial statements and the allocation of net income.

The Board of Directors is entrusted with the management of the Company and carries out all the activities appropriate for the achievement of the corporate purpose. In accordance with the Italian Civil Code, the Board of Directors delegated part of its managing powers to the Chief Executive Officer and appointed four internal Committees with consultative and proactive functions. Whilst both the Chief Executive Officer Executive and the Chair may act on behalf of the Company, their roles are clearly separated.

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.

Last update: April 14, 2020

Chief Executive Officer and General Manager

The Chief Executive Officer is empowered, like the Chair, as the Company's legal representative and has been assigned all managing powers regarding the Company, with the exception of those otherwise attributed by laws and regulations, bylaws or reserved to the Board of Directors under the aforesaid resolution. 

Chair

The Chair is vested by the bylaws with the powers to represent the Company and to sign on its behalf, presides over Shareholders' Meetings, convenes Board of Directors meetings, establishes their agenda, presides over them, and endeavors to ensure that the documentation related to the items on the agenda is circulated to the Directors and Statutory Auditors in due advance prior to the date of each meeting, and ascertains that the Board resolutions are carried out.

Archive of the report on corporate governance system

Report on the corporate governance and on the ownership structure 2019

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Report on corporate governance and ownership structure 2018

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Report on the corporate governance and on the ownership structure 2017

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Report on corporate governance and ownership structure 2016

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Report on corporate governance and ownership structure 2015

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Report on corporate governance and ownership structure 2014

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Report on corporate governance and ownership structure 2013

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Report on corporate governance and ownership structure 2012

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Report on corporate governance and ownership structure 2011

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Report on corporate governance and ownership structure 2010

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