Poste Italiane is the largest infrastructure services organisation in Italy. With our nationwide branch network, our major investments in technology and our 143,000 employees with a wealth of experience and knowledge, we play a key role in the process of growth and modernisation underway in Italy. Today we provide postal logistics, savings and investments, payment, insurance and digital communication services to over 32 million customers.
Our major strategic investments in research and development and in employee training have enabled us to create advanced services that respond to the needs of our customers and reflect the changes that are taking place in Italian society.
We have always been strongly committed to the environment and sustainable growth and strive to reduce emissions and atmospheric pollution through ever greater use of renewable energy and vehicles with low environmental impact.
Our focus on innovation and human beings along with our strong presence throughout the country have laid the foundations for our extraordinary results, especially in the financial and insurance sectors. Poste Vita has undergone especially rapid growth to become the second largest player in the Italian insurance industry.
Corporate Governance System
The term “corporate governance” refers to the management and control system of the Company, which is a set of rules and procedures for the effective and efficient management of the Company, aimed to creation of value for shareholders in the medium – long term, taking into account the interests of other stakeholders.
The corporate governance system of Poste Italiane takes into account the general and special applicable legislation, the principles and recommendations included in the Corporate Governance Code for listed companies to which Poste Italiane adheres, and the best practices.
Poste Italiane is a public company and its shares are listed on the Italian Stock Exchange managed by Borsa Italiana S.p.A.. Poste Italiane has a traditional governance model in which powers are divided between the Board of Directors and the Board of Statutory Auditors. The accounts are reviewed by an external auditing firm and the financial management is checked by the Court of Auditors as required by Italian Law no. 259 of 21 March 1958. This is done by a Member of the Court of Auditors, who attends the meetings of the Board of Directors and of the Board of Auditors.
The Shareholders’ Meeting has the task to take the most significant decisions affecting the business of the Company. These include appointing and removing the Board of Directors, the Board of Statutory Auditors and their Chairmen, as well as the audit firm, establishing their compensation and approving the Company’s financial statements. Furthermore, the Shareholders’ Meeting approves amendments to the By-laws and extraordinary operations,