The Board of Directors is invested with powers to manage the company and the right to carry out all actions deemed necessary or advisable to implement the corporate purpose, with the sole exception of those reserved to the shareholders’ meeting. 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 of the Chief Financial Officer

Directors are elected by the Shareholders' Meeting on the basis of the slate voting system. Names are chosen from lists submitted by shareholders who, on their own or together with other Shareholders, own Rai Way shares representing at least 2.5% of the share capital with voting rights or representing a lower percentage established by mandatory provisions of law or regulations.

The current Board of Directors, composed of seven members, including four women, will remain in office until approval of the Financial Statements for the year ending 31 December 2028.

Four directors are women and six meet the independence requirements of the law and by the Code of Corporate Governance for Listed Companies.

The Board includes managerial and professional profiles with adequate knowledge and experience, particularly in the field of technological infrastructures (media and telecommunications), financial issues and risk management.