Italgas’s Board of Directors has three internal committees*:
- Appointments and Compensation Committee
- Control, Risk and Related Parties Transactions Committee
- Sustainability Committee
The composition, duties and operations of the committees are governed by the board of directors in their relavant regulations. The board appoints committee members.
The Committees are composed by three non executive members two of which independent, with the exception of the Control, Risk and Related Parties Transactions Committee whose members are all independent and the Sustainability Committee in which two of the three members are non executive. The term of each member is the same as their term as director.
To perform its functions, each committee may seek information from relevant company departments. Each committee is given adequate financial resources to fulfil its role and may use external consultants following terms set, from time to time, by the board. Individuals who are not members may participate in committee meetings if invited.
*On 23 October 2017 the Board of Directors’ Meeting of the Company approved the establishment of a single Committee, combining the Appointments Committee and the Remuneration Committee