The Company has adopted the Corporate Governance Code promoted by Borsa Italiana S.p.A. effective as of the listing of June 29, 2011 and the corporate governance structure complies with both the advice given in the Corporate Governance Code and all further amendments.

Starting from January 2021 the Company adopted the new Corporate Governance Code of listed companies.

The Company has adopted the traditional management and control model, thus having a Shareholders’ Meeting, a Board of Directors, a Board of Auditors and an Auditing Firm. The Board of Directors has furthermore set up two committees with investigation, advisory and policy making duties.