Governance refers to the structures and processes defined by the governing body to inform, address and control the activities of the company in order to achieve its objectives. The structure of the corporate governance expresses the rules and procedures to make decisions, the way to define the corporate targets and the means to achieve them and to measure results.
OFFICES
Italcoat S.r.l. adopted a traditional administration system, based on two bodies appointed by the Shareholders:
- The Board of Directors has a central role in the corporate organization. It holds the strategic and organizational functions and responsibilities of the Company.
- The Board of Statutory Auditors, supervising the correct management and suitability of the administrative and accounting structure as established by the Directors.
The accounting control is entrusted to an auditing company.
BOARD OF DIRECTORS
The Board of Directors of Italcoat S.r.l. is composed of 3 members, remaining in office until approval of the financial statements for the financial year ending at 31/12/2021.
The Board of Directors of IPS Industrial Packaging Solution S.r.l. is composed of 5 members, remaining in office until approval of the financial statements for the financial year ending at 31/12/2023.
BOARD OF STATUTORY AUDITORS
The current Board of Statutory Auditors remains in office until approval of the financial statements for the financial year ending at 31/12/2021.
The Sole Auditor of IPS Industrial Packaging Solution S.r.l. remains in office until 31/12/2021.
SUPERVISORY BODIES
The Supervisory Body of Italcoat S.r.l. and IPS Industial Packaging Solution S.r.l., appointed by resolution of 27/05/2021, will remain in office until the approval of the financial statements at 31/12/2023.