Governance means the all procedures and structures acted out by the governing body to inform, address, manage and control the activities of the organization in order to achieve its objectives. The structure of the corporate governance expresses the rules and processes to make decisions, the way to define the corporate targets and the means to achieve them and to measure the results.
Laminazione Sottile S.p.A. adopted a traditional administration system, based on two bodies appointed by the Shareholders:
– The Board of Directors, which has a central role in the corporate organization and it is responsible for the strategic and organizational functions and responsibilities.
– The Board of Statutory Auditors, supervising the correct management and suitability of the organizative, administrative and accounting structure as established by the Directors, and its actual operation.
The accounting control is entrusted to an auditing company.
BOARD OF DIRECTORS
The Board of Directors of Laminazione Sottile is composed of 6 members, remaining in office until approval of the financial statements for the financial year ending at 31/12/2022.
BOARD OF STATUTORY AUDITORS
The current Board of Statutory Auditors remains in office until approval of the financial statements for the financial year ending at 31/12/2022.
The Supervisory Body of Laminazione Sottile, appointed by resolution of 27/05/2021, will remain in office until the approval of the financial statements at 31/12/2023. The SB has a collegial constitution, adapted to the characteristics, size and activity of the Society.
The auditing company, legally authorized to audit Laminazione Sottile’s accounts, is KPMG S.p.A.
The assignment has a total duration of three years, expiring with approval of the financial statements for the financial year ending at 31/12/2021.