Corporate Governance Evolution


2007
Adhesion to all the recommendations contained in the new Self-Regulation Code for Listed Companies, published in March 2006
New procedure regarding the flow of information to Directors and Statutory Auditors, which in renewing the previous procedure for carrying out of obligations as per art. 150, first paragraph, Legislative Decree no. 58 of 1998, has the objective of guaranteeing a coordinated flow of information to the boards of directors and auditors 162Kb
New code on insider dealing which aims to establish in a self-regulatory way – above and beyond governing laws and regulations – obligations for abstaining, in certain periods of the year ( so-called black-out periods ), from carrying out transactions on financial instruments of the Company, applying to directors, statutory auditors, and managers of Pirelli & C. or its main subsidiaries with strategic responsibility. (87 Kb)

2006
Self-evaluation of the Board of Directors Performance (officially called a "Board performance evaluation"), thus adhering to international best practices and the provisions in the new Code of Conduct
Adopted the Procedure for the Management and Public Disclosure of Inside Information for all the members of the corporate organs, the employees and the external collaborators of the Pirelli Group, who may access to inside information as well as to information which could become such (83Kb)

2005
Appointed a Lead Independent Director (59Kb)
Appointed the new Board of Directors with one fifth of the members determined by the minorities and half of the Board members independent (19Kb)

2004
Amendment of the By Laws with the introduction of the Cumulative Vote and the possibility for minorities to appoint one fifth of the members of the Board of Directors
Approved the "Regulations for Shareholders' Meetings"

2003
Conversion into Società per Azioni (Public Limited Company) of Pirelli & C. Spa
"Ethical Code"
"231 Organizational Model"

2002
Adopted the "Code of Conduct for Insider Dealing"
Adopted the "Procedure for compliance with the requirements of article 150 of the legislative decree 58/1998"
Adopted of the "Rules of Conduct for effecting transactions with related parties"

1999
Adopted the "Corporate Governance Code" recommended by Borsa Italiana
Established the "Committee for Internal Control and Corporate Governance"

Last Revised: 04 2007