A governance in our common interest

www.generali.com/governance 

The Generali governance system is founded on the criteria of efficiency, transparency and the balanced representation of interests underpinning decision-making processes: in fact, our business governance approach is designed to create sustainable long-term value in line with international best practices and the evolution of legislation, meeting the needs of our stakeholders with whom we have an ongoing dialogue.

The Board of Directors appoints eleven directors, one executive and ten non-executive directors, seven of whom independent pursuant to the Self-Regulatory Code. With four women members out of eleven, female representation exceeds the minimum requirements established by the regulations in force, while the Board of Statutory Auditors, with three permanent and two substitute auditors, includes three women out of five.

Social and environmental sustainability issues are addressed by the Board of Directors of the Parent Company with the support of the Risk and Control Committee. As well as the tasks assigned to it by the Self-Regulatory Code and insurance supervisory regulations, this committee also has consulting, recommendation and preparatory functions to assist the Board of Directors in relation to social and environmental sustainability issues involving the Company and the Group.

Composition of the Risk and Control Committee (RCC)

Composition of the Risk and Control Committee (RCC)

Responsibility for sustainability at Group level is attributed to the Group CEO, who is charged with implementing the strategies and policies established by the Board of Directors.

At the Group Head Office (GHO), specific bodies and dedicated functions have also been established to ensure we systematically take into account social and environmental aspects related to business activities, as well as economic ones:

  • Group CSR Committee, an internal body made up of managers who, reporting to the Group CEO and the General Manager, discuss the issues of social and environmental responsibility and the action to be taken in their respective areas of expertise in order to meet the established goals, monitoring the results over time
  • Country CSR Committee, bodies active at national level that make it possible to improve the organisation and coordination of activities in the social and environmental sphere
  • Group Social Responsibility, which reports to Group Communications and Public Affairs Director and is responsible for:
    • defining and implementing the Group social responsibility model through dialogue with the GHO functions and the involvement of the sustainability teams in the countries in which the Group operates - the CSR Community was created to this end in 2016
    • reporting on the results as they are achieved.