Corporate governance
Corporate governance
25/08/2015

 

The corporate governance of the Parent Company, Marelli Motori S.p.A. (the Company), and the corporate boards are responsible for the following functions:

-    General Meeting: deliberates in ordinary and extraordinary sessions and decides on matters reserved to it by the law, particularly the Italian Civil Code, and the Articles of Association;

-    Board of Directors: consists of eight members responsible for the management of the Company and the Marelli Motori Group; it includes the appointed Chairman and CEO, but  no internal committees;

-   Board of Statutory Auditors: consists of three Statutory Auditors, including the Chairman, and two Alternate Auditors, and is responsible for performing statutory controls over the Company. The Board of Statutory Auditors monitors compliance with laws and Articles of Association.

The external audit of the accounts is assigned to an independent auditing firm, which performs the audit autonomously and independently.

The Supervisory Board, composed of three members, one of whom is elected as Chairman, autonomously and independently performs supervisory and control functions with regard to the functioning, effectiveness and observance of the Organization, Management and Control Model adopted by the Company to prevent crimes resulting in administrative liability as defined under Italian Legislative Decree 231/2001.