As a company listed on Italy’s electronically traded equities market and in accordance with the Group’s
traditional adoption of best practice concerning the subject of corporate governance, Pirelli RE has
paid particular attention to implementing an advanced system of corporate governance rules and to
enhancing its communication with all shareholders on the basis of principles of transparency and fairness.
The Group has prepared its Annual Corporate Governance Report for 2006, in compliance with the Instructions accompanying Italy’s Stockmarket Regulations. Pirelli RE has complied since the date of its listing in 2002 with the “Corporate Governance Code” drawn up by the Corporate Governance Committee for Listed Companies. Subsequently the Company informed the market that it had adopted in full the New Corporate Governance Code (March 2006 edition), having moreover established that its existing model of corporate governance was largely already compliant with the recommendations contained in the new Code.
The implementation and introduction of measures associated with the adoption of the Corporate Governance Code is designed as a whole not only to promote fairness, transparency and efficiency in the business’s management, by improving relationships between owners and the management bodies and between majority and minority shareholders, with the safeguarding of minority shareholders being central to corporate governance rules, but also to ensure sustainable development and growth over the long term in the interests of all stakeholders.
Bearing in mind the recent regulatory amendments resulting from EC directives on market abuse, the Company adopted - early in 2006 - a special set of “Guidelines for handling and publishing price sensitive information”, and also established the related List of Insiders, in which to enter the names of persons who come into possession of information likely to become price sensitive and the associated rules for managing it.
More details on the overall system of corporate governance can be found in the Annual Corporate Governance Report.
Read more
Highlights
The Group has prepared its Annual Corporate Governance Report for 2006, in compliance with the Instructions accompanying Italy’s Stockmarket Regulations. Pirelli RE has complied since the date of its listing in 2002 with the “Corporate Governance Code” drawn up by the Corporate Governance Committee for Listed Companies. Subsequently the Company informed the market that it had adopted in full the New Corporate Governance Code (March 2006 edition), having moreover established that its existing model of corporate governance was largely already compliant with the recommendations contained in the new Code.
The implementation and introduction of measures associated with the adoption of the Corporate Governance Code is designed as a whole not only to promote fairness, transparency and efficiency in the business’s management, by improving relationships between owners and the management bodies and between majority and minority shareholders, with the safeguarding of minority shareholders being central to corporate governance rules, but also to ensure sustainable development and growth over the long term in the interests of all stakeholders.
Bearing in mind the recent regulatory amendments resulting from EC directives on market abuse, the Company adopted - early in 2006 - a special set of “Guidelines for handling and publishing price sensitive information”, and also established the related List of Insiders, in which to enter the names of persons who come into possession of information likely to become price sensitive and the associated rules for managing it.
More details on the overall system of corporate governance can be found in the Annual Corporate Governance Report.
Read more
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Corporate Governance Annual Report 2007 (3.48 Mb) |
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Highlights
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