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 general 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 Bylaws;
• Board of Directors, which operates through executive directors and directors with representative powers. A Control and Risks Committee and a Remuneration Committee have also been set up within the Board;
• Board of Statutory Auditors.

The structure of powers and duties complete the Governance structure.