Internal Committees

  • Management Committee Running
    Objectives:

    a) To monitor the Group's economic, financial and industrial results through standardised reporting and control models;

    b) To follow the evolution of the institutional and regulatory reference framework by sharing trend, opportunities and risks; c) To monitor activities and projects with regards to national and foreign institutional relations.
     
  • Management Committee Business Development
    Objectives

    a) To monitor important Group projects in the area of Business Development, supporting the relavant Project Leader, also ensuring that all the Organisational Units are aligned with the priorities and ensuring consistency with the decisions of the Investment Committee;

    b) To analyze Business development opportunities in terms of both geographical expansion and technological diversification.
     
  • Management Committee Engineering Development
    Objectives:

    a) To monitor relevant Group projects in the area of Engineering Development, supporting the relevant Project Leader, also ensuring that all the Organisational Units are aligned with the priorities and ensuring consistency with the decisions of the Investment Committee;

    b) To analyze the opportunities for development and technological evolution of the business.
     
  • Investment Committee
    Objectives

    a) To support the Chief Exceutive Officer in assessing investment proposals;

    b) To provide a reasoned technical and economic-financial opinion to the ERG SpA Startegic Committee at the various stages of the investment process.
     
  • Human Capital Committee
    Objectives:

    a) To define and monitor key programmes and processes for the development of human capital;

    b) To support the Executive Vice President and the Chief Executive Officer in decisions relating to strategies that determine the value of ERG's Human Capital;

    c) To monitor the effective implementation of the Human Rights Policy and manage reports of non-compliance.
     
  • Risk Committee
    Objectives:

    a) To support the Chief Exceutive Officer in defining financial and market risk management strategies and policies;

    b) To provide the Chief Executive Officer with the essential information necessary for the authorisation of financial and market risk operations, the monitoring of the execution of the most important operations and the verification of their effects.

     
  • Sustainability Committee
    Objectives:

    Address and supervise the management of issues relating to Corporate Sociale Reponsability (CSR), and in particular:

    a) To define Group sustainability guidelines and promote the implementation of consistent corporate social responsibility practices;

    b) To approve, monitor and evaluate sustainability objectives and priority areas for CSR action;

    c) To approve the timing and modalities for the drafting of the "Declaration on Non-Financial Issues" (DNF) and CSR initiatives.
     
  • Credit Committee
    Objectives:

    The Credit Committee is responsible for the entire Group for granting credit lines, analysing payment schedules and collection trends, evaluating and veryfing plans to recover past due amounts and assessing credit performance in general.
*Last update: October 2019
Source: 2018 Consolidated Non Financial Statement