Corporate Governance

Pirelli is strongly committed in keeping its own corporate governance system constantly in line with national and international best practises, as well as making sure that it is up to date with legislative changes. Our corporate governance system is based on the following milestones:

• Central position of the Board of Directors
• Disclosure practices regarding the choices and the procedures for the decisions of the Company totally compliant with legislative regulations
• Effective system of internal control
• Effective monitoring for potential clash of interests and on a rigorous code of conduct regarding the implementation of transaction with related parties

Henceforth, in 1999 Pirelli was one of the first Italian company to adopt the "Self-Regulatory Code for listed companies" recommended by Borsa Italiana SpA. In 2007 the Company formalized its adhesion to the new "Self-Regulatory Code for listed companies" (published in March 2006).

The importance of the Company's Corporate Governance system for the achievement of the objectives of value creation for shareholders and the sustainable development, drives the Company to keep its own corporate governance system constantly updated.