The company has four governing bodies:
- Shareholders’ general meeting, made up of all the shareholders with voting rights, who are responsible for approving changes in the articles of association, making a general assessment of the management and monitoring of the Company, approving the annual report and financial statements, electing the members of the governing bodies within its competence and, in general, considering all the matters submitted to it by the board of directors.
- Board of directors, elected by the shareholder’s general meeting, currently made up of six members who are responsible for carrying out all the management functions to implement the operations inherent in its corporate objectives, functioning in the best interests of the company, its shareholders and employees.
- Audit board, made of three members and one substitute, is the body responsible for monitoring the management, verifying the reasonableness of the company’s financial statements and the orderliness of its accounting records and supporting documents, and verifying compliance with legislation and the company’s articles of association.
- Statutory auditor, responsible for auditing the company’s financial statements.
Corporate Boards for the 2014-2016 Mandate (pdf)
Corporate Boards for the 2011-2013 Mandate (pdf)
Board of Directors
Altri’s articles of association provide that the board of directors may comprise three, five, seven or nine members, whether shareholders or not, for a three-year term.
The board of directors works on a collective basis with the functions of management and coordination of the group companies.
There is no executive committee with management powers. Management decisions are made by the board of directors in the normal course of its functions.
The members of the governing bodies will be entitled to the remunerations that are decided by the remuneration committee, composed of three shareholders, one of whom is the president and has the casting vote, all elected by the general shareholder’s meeting.
Board members receive no remuneration from Altri but directly by the group companies in which they exercise management duties.
Remuneration is not directly linked to changes in the price of Altri’s shares.
There is no defined policy regarding compensation to attribute to any board members in case of dismissal or early release of contract.
Currently there is no share distribution nor share option plans for the members of the governing bodies or employees.
Currently Altri has no treasury shares.