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Our Corporate Governance system is aligned with the principles of the Corporate Governance Code for listed companies. We also adhere to CONSOB guidelines and to leading international best practices.

Terna’s Corporate Governance system aims to create value for shareholders. This aim is defined with full awareness of the social significance of our activities: We carry out a strategic role for the national electricity system, and the transmission grid is an essential element of Italy’s critical infrastructure. Therefore, we must adequately consider all of the different interests involved, and our priorities are security — of the grid, of workers and of operations, with particular attention to cyber security — and transparent management.

Through our Annual Report, we disclose information regarding the development of the governance system, with reference to the recommendations in the Corporate Governance Code and the conduct actually adopted.

Download last corporate governance governance report >

GOVERNANCE MODEL
We have a traditional model based on a board of directors which deals with company management and a board of statutory auditors which monitors compliance with legal and statutory obligations.


Diversity Policy for Administrative and Auditing Bodies
The “Diversity Policy” provides non-binding indications regarding aspects including age, gender, geographical origin, training and professional path, of members of the Board of Directors and the Board of Statutory Auditors of Terna S.p.A. (“Terna” or the “Company”). The purpose is to identify criteria for qualitative and quantitative composition of the Board of Directors aimed at effective performance of the duties and responsibilities assigned to the management board, also through inclusion of persons that ensure sufficient diversity of perspectives and capabilities required for proper understanding of current business, long-term risks and opportunities regarding company business and sustainability of operations also in the medium-long term. This Policy has been drafted taking into account the nature and complexity of company business, the social and environmental context in which the company operates, the experience built up by the Board of Directors in relation to the activity and operating methods of the Board of Directors and its Committees, as well as the results of self-evaluation conducted over recent years.