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As a public company, Prysmian is aware of the important role
played a system of corporate governance in guaranteeing the
same level of protection for all categories of stakeholder.
Precisely for this reason, the Group’s system of corporate
governance is focused on the creation of sustainable value for
stakeholders over the long term, in the belief that pursuit of
this objective will activate a virtuous spiral of effectiveness,
efficiency and corporate integrity.
The system of governance is aligned constantly with the
relevant recommendations and regulations, and complies
with domestic and international best practices. In addition,
the Group has adopted principles, rules and procedures that
govern and guide the activities of all organisational and
operational units, as well as guarantee that all operations are
carried out in an effective and transparent manner.
Corporate governance at Prysmian is founded on the core role
of the Board of Directors - as the most senior body appointed
CoRpoRate goVeRnanCe
The structure of the Group’s Code of Ethics rests on three
pillars:
• Ethics in business activities: the profit motive does not
justify improper behaviour. Profit must be achieved by
respect for the rules and competitors, and by fair and
transparent actions that anticipate and meet market needs,
thus generating value for distribution to all stakeholders;
• Ethics in internal relations: the Group is aware of the
importance of our ties with employees, which are
strengthened by respecting their rights, expectations
and needs, and by facilitating improvement in their living
conditions and professional growth. The individual is central
to all activities, as the engine for future development;
• Ethics in environmental and social matters: given our strong
belief in the principle of sustainable development, the
Prysmian Group operates worldwide with respect for the
environment and social communities; at the same time, we
encourage the responsible use of resources and promote
local projects designed to enhance well-being in the areas
concerned.
All companies within the Prysmian Group agree to comply
strictly with the Code of Ethics, applicable regulations and the
rules and procedures adopted from time to time by the Group.
The full version of the Code of Ethics can be found on the
website
to manage the Company in the interests of shareholders - in
providing strategic direction, guaranteeing the transparency
of decision-making processes and establishing an effective
system of internal controls and risk management that
encompasses the decisions made with internal and/or external
effects. The traditional model of governance and control
adopted by Prysmian involves the presence of a Shareholders’
Meeting, a Board of Directors and a Board of Statutory
Auditors. The Group’s Board comprises eleven directors, ten
men and one woman, three aged between 30 and 50 and eight
who are over 50 years of age. Additionally, seven directors are
considered independent pursuant to the Consolidated Finance
Law (T.U.F.).
Further information on the system of corporate governance of
Prysmian S.p.A., and on the ownership structure, can be found
in the “Report on Corporate Governance and the Ownership
Structure” available on the Company’s website
