Governance

The values and ethical principles that guide the Group in the fulfilment of its business activities are rooted in a heritage established over time. The key values, which must be reflected in conduct of all those who work in our company, are:

 

  • moral integrity, personal honesty and fairness in internal and external relationships;
  • transparency towards shareholders, stakeholders and the market;
  • respect for employees and the commitment to enhance their professional skills;
  • social commitment;
  • the protection of health, safety and the environment.
 

 

ERG Group principles and international development

As a result of the continuous international development of ERG Group, we felt that it was necessary to simplify the communication of the Groups principles to overseas companies and their local counterparts: the Code of Ethics was therefore translated into English and French. All of the overseas companies of ERG Group have adopted this document, which was also approved by the joint venture LUKERG Renew in 2013. The Model 231 was translated into English and published on the Group's website www.erg.it. In 2013, all overseas companies approved the Anti-Corruption Guidelines issued by ERG, which follow the principles of conduct in line with those already set out in the Model 231.

 

In particular, the management of ERG business activities must comply with the principles of conduct that apply to:
  • the principles set out in the code of ethics;
  • separation of duties;
  • the allocation of powers;
  • transparency and traceability of processes;
  • appropriateness of internal rules:
  • the training of employees;
  • job rotation

Our Committees


Our Corporate Governance System adopted requires setting up specific board committees (Control and Risk Committee, Nominations and Remuneration Committee, Strategic Committee) and internal committees (Corporate Committee, Investment Committee, Risk Committee, Human Capital Committee, Business Review Committee, Leaders Meeting, Sustainability Committee) tasked with studying issues, providing advice and/or making proposals on matters that are particularly relevant economically, fi nancially and strategically, to enable an exchange of opinions and a series of checks on those topics, so that the Board of Directors can take informed and clearly represented decisions.

These committees concur in the defi nition of the methods for measuring, identifying, assessing and controlling risks, and they provide advice and make proposals to the Chief executive officer in relation to:
definition of risk management strategies and policies;
assessment of the most relevant transactions and analysis of the associated risks;
monitoring the progress of the most relevant transactions and verifi cation of the enforcement of risk management policies.