Corporate Governance
Corporate Governance is the term used to identify the collection of rules and procedures representing the system of management and control adopted by limited companies. Corporate Governance has become increasingly important in recent years, given the greater sophistication of the stockmarkets which are used ever more frequently by companies to finance their expansion plans.
The structure of Corporate Governance adopted by YOOX S.p.A. is based on the recommendations and regulations contained in the Code of Self-Regulation issued by Borsa Italiana. The articles of association contain the regulations envisaged by Decree 58/1998 concerning the information to be provided to the Board of Statutory Auditors and the non-executive directors, as well as the representation of the minority shareholders on the Board of Statutory Auditors.
Organisational model
Given that YOOX S.p.A. is an Italian company whose shares are listed on the stock exchange and which, as mentioned above, has adopted the Code of Self-Regulation, the governance structure adopted - based on the traditional organisational model - comprises the following bodies:
- Shareholders' Meeting;
- Board of Directors Chairman;
- Chief Executive Officer;
- Board of Statutory Auditors;
- Compensation Committee;
- Nominations Committee;
- Internal Control Committee;
- Independent Auditors.
