Transparency and accuracy in corporate governance are qualities that stakeholders everywhere hold in high regard; this is what inspires Enel to guarantee effective, efficient management and reliable monitoring of the activities that take place within the company.
On 5 February 2013 Enel adopted the “Protect, Respect, Remedy” approach outlined by the UN when the board approved a Human Rights policy that strengthens and broadens the commitments already set out in the Ethical Code, the Zero Tolerance for Corruption Plan and the 231 Model.
Enel's system of corporate governance follows a model in line with international best practice, thanks to the plurality of staff in charge of oversighting and to the transparency applied to communication.
In the interests of transparency, Enel provides the market with a detailed annual report – the Corporate Governance and Ownership Structure Report – which is published alongside the company's balance sheet in accordance with the recommendations of the Self-Disciplinary Code for Listed Companies. We have an “open data” approach to sharing information, which ensures that important details about the company are accessible to all stakeholders.
In terms of corporate governance, key decisions in the life of the company are adopted at the AGM, including nominations to corporate bodies, approval of the balance sheet and the distribution of dividends.
Management of the company is the responsibility of the Board of Directors, which takes the necessary steps to ensure the business’s objectives are fulfilled. Some of its management responsibilities are delegated to the chief executive and it nominates four internal committees that have the job of tabling and discussing proposals.
The roles of CEO and president are kept completely separate, and both individuals act as figureheads for the company.
The Board of Statutory Auditors is responsible for ensuring that the law and company constitution are complied with and that the firm is managed correctly.
Download the Organizational Model under Law-Decree 231/2001.
