Enel integrity, professionalism and independence conditions of new Statutory Adjudicators vindicated

Enel integrity, professionalism and independence conditions of new Statutory Adjudicators vindicated

The new Board of Statutory Adjudicators of EnelS.p.A., appointed by the Shareholders ’ Meeting held on May 19th, 2022, met history autumn for the first time, chaired by Barbara Tadolini.
In agreement with the vittles of Consob Issuers ’ Regulation and Italian Commercial Governance Code, the Board of Statutory Adjudicators vindicated that all its regular members( Barbara Tadolini, Luigi Borrè and Maura Campra) met the independence conditions handed for both by the law( composition 148, paragraph 3 of the Consolidated Financial Act) and the below Italian Commercial Governance Code( Recommendation 7, as appertained to by Recommendation 9) for statutory adjudicators of listed companies(( 1)).

The Board of Directors, chaired by Michele Crisostomo, met moment and ascertained upon all the members of the new Board of Statutory Adjudicators the integrity and professionalism conditions handed for statutory adjudicators of listed companies by the Ministry of Justice Decreen. 162 of March 30th, 2000, as supplemented( for professionalism conditions only) by the vittles of composition25.1 of Enel’s by- laws. Likewise, the Board of Directors took note of the results of the abovementioned check carried out by the new Board of Statutory Adjudicators about the possession upon its regular members of independence conditions handed for by the law.

( 1)) As far as the verification of the independence conditions of regular Statutory Adjudicators under the Italian Commercial Governance Code is concerned, it’s worth noting that the criteria espoused to estimate the materiality of( i) marketable, fiscal or professional relationship, if any, maintained by the same Statutory Adjudicators with Enel( or persons or realities bound to the ultimate), as well as( ii) fresh remuneration, if any, that the same Statutory Adjudicators entered from Enel Group companies are the same criteria used to estimate the independence ofnon-executive Directors, as indicated in the Enel’s report on commercial governance and power structure for fiscal time 2021.