- Management Committee RunningObjectives:
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 and M&AObjectives
a) To monitor important Group projects in the area of Business Development and M&A, 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 DevelopmentObjectives:
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 CommitteeObjectives
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 CommitteeObjectives:
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 CommitteeObjectives:
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.
- ESG Committee(previously Sustainability Committee)
Address, plan and supervise the implementation of ESG/CSR objectives, and those of Internal and External Communication:
a) To define Group guidelines on medium-long term sustainability and promote the implementation of coherent corporate social responsibility practices and projects;
b) To approve the ESG Initiatives Plan as part of the Group Business Plan, monitor the execution, the achievement of objectives and the priority areas of interventation;
c) To approve the Communication Plan both internally towards employees and externally, while monitoring its implementation periodically: the Communication Plan will also be aimed at promoting ESG initiatives thus enhancing the growing importance of the latter from a strategic point of view;
d) To promote and divulge the ''Declaration on Non-Financials Issues'' (DNF) and other methods of reporting related to ESG issues.
- Credit CommitteeObjectives:
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.
- Tax Control Framework CommitteeObjectives
a) Preliminary analysis of plan for testing, monitoring and evaluation of the Tax Control Framework, providing specific recommendations;
b) Preliminary analysis of the Annual Report of the Tax Control Framework, addressed to the ERG S.p.A. Control and Risk Committee, providing specific recommendations;
c) To monitor, in agreement with the Head of Process Innovation & Compliance 262, the effective implementation of the remediation plan that may arise from the testing, monitoring and evaluation of the Tax Control Framework.l Tax Control Framework.
Page updated at 17 Feb 2021