SACE’s operations are grounded in a system of governance aimed at guaranteeing the efficiency of management and actions to promote internationalization in an increasingly globalised context.
SACE's made of governance is fully in line with the best international practice and founded upon a five-member strong Board of Directors and a Board of Statutory Auditors comprising three members.
The guidelines for the management of the SACE Group lay down the principles and the general rules that govern relations between the subsidiaries and the parent company so as to ensure a single-minded entrepreneurial design, as well as operational cohesion and coherence. These provisions take account of the need to respect the management autonomy of the subsidiaries without prejudicing the supervisory role of the parent company.
CORPORATE BODIES
The Board of Directors has five members and is vested with the widest powers of administration of the Company, within the limits of the law and the Corporate by Laws. The Board is charged with the management of the enterprise and performan of all necessary acts to carry out the object of the Company.
The Board of Auditors supervises compliance with the law and the Corporate by Laws, observance of correct administrative principles, the adequacy of the organizational, administrative and accounting structure and its actual workings.
The Chairman of the Board of Directors is the legal representative of the Company.
The Chief Executive Officer (CEO) directs the management of the Company and is a legal representative of the Company, which implies the power to sign for the Company within the limits of discretion delegated to him. The CEO is also responsible for the maintenance and monitoring of the internal control system and risk management, in accordance with the instructions of the Board.
LEGAL FRAMEWORK
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