The Board of Directors has all administrative power in the Company, and may take any actions deemed necessary for the implementation of business purposes, excluding only those reserved for the AGM. The Board’s methods and abilities are determined by a specific regulation, adopted by the same Board in accordance with laws, regulations, and statutes.
In particular, the Board of Directors evaluates the adequacy of the organisational, administrative, and financial structure of the company, with particular reference to the Internal Auditing and Risk Management System. In addition to the powers that cannot be delegated by law, the Board of Directors is also responsible for resolutions concerning:
- general guidelines, the adoption and amendment of industrial, strategic and financial plans
- the appointment and dismissal of the General Manager and Chief Financial Officer.