Pirelli Corporate Governance Pillars

A
corporate governance structure aligned
with the best practices, as set in the art. 3.4 of the By-laws

Please click here to discover the Corporate Governance Report

Role of
Board of
directors

+

Independence

  • Adequate balance of executive, non-executive and independent directors
  • Number of non-executive directors shall ensure that their vote has a significant impact on the BoD decisions
  • High presence of independent directors (the majority of the BoD)

Diversity Balance of managerial skills, taking into account the benefit that could stem from the presence of different genders, age and seniorities

Committees:
Set-up of internal committees mainly composed of independent directors

  • Audit, Risks and Corporate Governance Committee
  • Remuneration Committee
  • Appointment and Succession Committee
  • Committee for Transactions with Related-Parties
  • Strategies Commitee
  • Sustainability Commitee

Strong internal control requirements

+

Set-up of adequate procedures

Internal control and risks management system aimed at measuring, managing and monitoring the risks

Transparent
Remuneration
system

+

Incentive system aimed at aligning the interests of executive directors and key management with those of shareholders in terms of creation of value in a medium-long timeframe