The multi-utility is confirmed as one of the businesses where employees enjoy the best working conditions.
Sustainability Report 2011
Maurizio Chiarini (Chief Executive Officer of Hera Group) presents Sustainability Report
In order to effectively and promptly respond to the complexities of the market and guarantee significant safeguard of stakeholders’ interests, the B.o.D. has formed four committees which have been assigned an advisory and consulting role, each in relation to their specific responsibilities:
Analysing and expressing an opinion on some of the most important corporate documents, such as the business plan and the Budget.
Presenting to the B.o.d. proposals for the remuneration of managing directors and other directors who hold specific offices, as well as verifying the application of the criteria adopted for the remuneration of executives with strategic responsibilities.
Guaranteeing the dissemination and implementation of the Code of ethics, assessing the compliance of company conduct with the principles set forth in the Code.
Safeguarding company assets, expressing opinions on specific aspects regarding the identification of the main business risks and assessing the correct application of accounting standards.
Appointment Committee
The Appointment Committee was not established in that the appointment of the 14 directors was made by 180 local entities (which hold together about 61% of Hera share capital) and the remaining four directors by other companies through the list vote system.
Page updated 22 March 2012
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Paid-up Share Capital € 1,115,013,754
Revenue Code/VAT reg. no. and Bologna Registry of Companies
no. 04245520376
