Corporate Governance

The Corporate Governance structure is voluntarily based (as SEA is not listed on the stock market) on the recommendations and principles contained in the “Self-Governance Code of Listed Companies” promoted by Borsa Italiana.
The corporate governance structure of SEA follows a traditional organizational model and consists of the following bodies:

• Shareholders’ Meeting, the body representing the interests of the majority of shareholders, with a duty to take the most important decisions for the company, appointing the Board of Directors, approving the financial statements and amending the By-laws;
• Board of Directors, which operates through executive directors and directors with representative powers. Among its members, a Control and Risks Committee and the Remuneration Committee has been set up;
• Board of Statutory Auditors.

The structure of powers and duties completes the Governance structure.