Governance

Corporate governance is defined as the system of rules by which a company is directed and controlled.

The corporate governance structure of Garofalo Health Care S.p.A. was set up in compliance with the recommendations contained in the Corporate Governance Code of Listed Companies approved by the Corporate Governance Committee (promoted by Borsa Italiana S.p.A., ABI, Ania, Assogestioni, Assonime and Confindustria).

Garofalo Health Care S.p.A. is organised according to the traditional management and control model, with Shareholders' Meetings, a Board of Directors, a Board of Statutory Auditors and Independent Auditors.

The Board of Directors has also established, in accordance with the recommendations of the Corporate Governance Code, the Control, Risk and Sustainability Committee, which is vested with advisory and proposal-making powers, and which also performs the functions of the Related-Party Transactions Committee, and the Nomination and Remuneration Committee.