Corporate Governance

Procedure for Transactions with Related Parties

Rai Way has adopted a procedure for transactions with related parties in compliance with current legal and regulatory provisions, in particular with CONSOB Regulation no. 17221 of 12 March 2010 and the indications provided by CONSOB in communication no. DEM/10078683 of 24 September 2010.

The Procedure establishes the principles that Rai Way must adopt to guarantee proper management of transactions with related parties and, to that end,

  1. it determines the criteria and methods for identifying and mapping parties related to the Company, defining the criteria and schedule for updating the list of related parties and the corporate structures responsible for maintaining it;
  2. dictates the principles used to identify transactions with related parties prior to their completion;
  3. governs the procedures used to carry out transactions with related parties, identifying internal rules of conduct appropriate to ensure transparency and substantial and procedural correctness for said transactions; as well as
  4. establishing the methods used to comply with the relative disclosure requirements.

For the purposes of applying the Procedure and implementing the checks foreseen in the relevant regulations, the Control and Risks Committee plays a central role, serving as and fulfilling the responsibilities of the committee for related party transactions.

Procedure for Transactions with Related Parties