The Corporate Governance Systems
Leonardo’s Governance model aims to maximize shareholder value in addition to monitoring corporate risks and generating greater transparency with respect to the market, while ensuring the integrity and correctness of decision-making processes.
The Shareholders’ Meeting is the collective body which expresses the shareholders’ will, and has the power to resolve topics that fall under its competence by law or on the basis of the Articles of Association.
This section provides documentation relating to the Divisionalisation (One Company) and other extraordinary operations taken by the Company.
Related Parties Transactions
This section includes the procedural provisions adopted by the Company with reference to Related Parties Transactions.
This section includes the Remuneration Policy report, along with details of the remuneration paid annually, as approved by the Board of Directors of Leonardo.
Independent Auditing Firm
The statutory auditing of accounts is entrusted, in accordance with the law, to an independent Auditing Firm. This task is assigned by the Shareholders’ Meeting, following a reasoned proposal by the Board of Statutory Auditors, with particular reference to the following activities:
- audit of the Separate Financial Statements of Leonardo;
- audit of the Consolidated Financial Statements of the Leonardo Group;
- limited audit of the Consolidated half-year Financial Report of the Leonardo Group;
- periodic assessment of the regular keeping of the corporate accounts.
The Shareholders' Meeting on May 20, 2020 resolved the assignment of the audit task for the nine-year period 2021-2029 to EY S.p.A.
Judge of the Court of Auditors
This activity is currently carried out by the delegated Judge Tommaso Miele, appointed by the Presidential Council of the Court of Auditors with effect from 25 July 2022.
The Court of Auditors sends to the Presidency of the Senate and to the Presidency of the House of Deputies an annual report on the results of the audit carried out.
Leonardo has long adopted specific internal procedures in order to ensure the highest level of fairness in the management of corporate information and transparency towards the market.
Leonardo has long adopted, in accordance with applicable law and self-regulatory provisions, specific internal procedures in order to ensure the highest level of fairness in the management of corporate information and transparency towards the market.
Following the entry into force, on 3 July 2016, of the European Regulation about Market Abuse set out in Regulation (EU) No. 596/2014, the regulatory framework has undergone significant changes that the Company has appropriately transferred – also in light of the national legal framework currently in force – in its internal rules regarding the treatment of Inside information, as well as the provisions about Internal dealing and market-related communications.
Updated December 13, 2018