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  • Parties involved | Edison
    Risk Management System taking care of its planning accomplishment and management and overseeing the System s suitability for handling changes in operating conditions and in the legislative and regulatory framework In 2013 the Chief Executive Officer did not submit specific requests to the Internal Auditing Department concerning the performance of audits of specific operational areas or specific processes but reported to the Control and Risk Committee through the Internal Auditing Department with regard to the main critical issues uncovered in the course of his activities seeking the Committee s assessments in this regard CONTROL AND RISK COMMITEE Please see the previous section of this Report for information about the jurisdiction and activities of this Committee INTERNAL AUDITING DEPARTMENT The Internal Auditing Department established in May 2003 is responsible for performing internal audits with the goal of assisting the Board of Directors the Control and Risk Committee and the Company s management in the pursuit of a correct implementation of the internal control and risk management system and thus facilitate the achievement of the Company s objectives In February 2004 acting upon a proposal by the Chief Executive Officer the Board of Directors assigned to the manager of the Internal Auditing Department the task of assessing the adequacy and effectiveness of the overall Internal Control and Risk Management System Hierarchically the Internal Auditing Department which does not perform any operational function from March 2013 reports directly to the Board of Directors which assigned to the General Counsel Department the task of providing operational coordination for the activities of the Department and its manager serving as liaison between the abovementioned Department and the Board of Directors the Board of Statutory Auditors and the Oversight Board The Board of Directors then delegated to the Chief Executive Officer in his capacity as the Director responsible for the Internal Control and Risk Management System responsibility for ensuring that the Department is provided with the resources needed to discharge its duties and for defining the compensation of the Department s manager determined in a manner consistent with the Group s management compensation policies in accordance with general guidelines reviewed by the Compensation Committee The current manager Paolo Colapenna was appointed on July 29 2013 upon a recommendation by the Chief Executive Officer in his capacity as the Director responsible for the Internal Control and Risk Management System with a favorable opinion provided by the Control and Risk Committee and the input of the Board of Statutory Auditors For reasons explained in the 2012 Governance Report the previous manager had been appointed by the Chairman of the Board of Directors and reported to him The Department operates on the basis of a Mandate approved by the Board of Directors The Mandate was last updated at the end of 2013 to take into account the changes brought by the evolution of professional auditing standards and its terminology was upgraded consistent with the Code Under this mandate the Department is required to prepare a work plan defined using risk

    Original URL path: http://www.edison.it/en/parties-involved (2016-02-14)
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  • Elements that Characterize the System of Internal Control | Edison
    Edison s business model The creation of value is predicated on the ability to concurrently pursue economic objectives and a steady reduction of environmental impacts thereby meeting the expectations of all stakeholders In 2013 the process of integrating corporate responsibility into the Company s business model led to concrete actions consistent with the guidelines provided in the Sustainable Development Policy published in 2009 This process sought to make it possible to concurrently pursue economic objectives and a steady reduction of environmental and social impacts TOOLS TO ENSURE THE ACHIEVEMENT OF OPERATIONAL OBJECTIVES Strategic Planning Management Control and Reporting Edison has adopted a structured planning control management and reporting system that it uses at regular intervals to define the Company s strategies and objectives and develop its Budget and Business Plan Financial Risk Management With the specific objective of managing the financial risks to which it is exposed mainly commodity exchange rates and foreign exchange rate risks the Group has adopted a governance structure that includes the following i approval of the overall risk ceiling for the Group by the Board of Directors of Edison ii creation of a Risk Committee that comprises Edison s Chief Executive Officer Chief Financial Officer and Risk Officer the manager of the Gas Midstream Energy Management Optimization the manager of the Exploration Production Division and the Chief Executive Officers of the Edison Trading and Edison Energia subsidiaries and is responsible for reviewing at least once a month the levels of assumed risks comparing them with the ceilings approved by the Board of Directors and approving the hedging strategies that may be appropriate if the approved ceiling has been exceeded iii separation of the organization responsible for measuring and controlling risk exposure and defining risk hedging strategies which is centralized at Edison under the supervision of its Chief Financial Officer for financial market transactions at Edison Trading for commodity transactions and at the Finance departments for foreign currency transactions In 2006 consistent with best industry practices the Company based on a favorable opinion by the Audit Committee now the Control and Risk Committee approved an Energy Risk Policy that defines the objectives and guidelines of the Group s risk management policy with regard to commodity activities Recent evolutions in international regulations governing the use of financial instruments are having a significant impact on operational practices due to the need to comply with specific disclosure and oversight requirements Particularly significant in this area is European Regulation No 648 2012 so called EMIR the purpose of which is to regulated trading in over the counter derivatives with the aim of improving market transparency and reducing the risks associated with transactions involving financial instruments of this type Recent evolutions in international regulations governing the use of financial instruments are having a significant impact on operational practices due to the need to comply with specific disclosure and oversight requirements Particularly significant in this area is European Regulation No 648 2012 so called EMIR the purpose of which is to regulated trading in over thecounter derivatives with the aim of improving market transparency and reducing the risks associated with transactions involving financial instruments of this type The recent enactment of the EMIR provisions the complexity of the issues involved and the broad scope of the regulation make implementation particularly complex With this in mind the Company launched a work project aimed at identifying and implementing upgrades of its processes so as to ensure compliance with the new requirements of the EMIR regulation taking also into account the fact that it is now part of the EDF Group Enterprise Risk Management ERM As mentioned earlier in this Report Edison developed an integrated risk management model ERM The main purpose of ERM is to adopt a systematic approach to mapping a company s priority risks preemptively assess their potential negative effects and take appropriate actions to mitigate them With this in mind Edison adopted a Corporate Risk Model and a risk mapping and risk scoring methodology that assigns a relevance index to each risk based on an assessment of its overall impact probability of occurrence and level of control With the coordination of the Risk Office the managers of divisions business units and Company departments map and assess risks within their scope of activity through a risk self assessment process and provide an initial indication of the mitigating actions associated with those risks The results of this process are then consolidated at the central level in a mapping system in which risks are prioritized based on the resulting scores and aggregated to facilitate the coordination of mitigations plans with the aim of managing risks on an integrated basis The Corporate Risk Model developed in accordance with best industry and international practices places within an integrated framework the types of risks that characterize the businesses that the Group operates making a distinction between risks related to the external environment and internal process and strategic risks The Enterprise Risk Management process is closely linked with the medium long term planning process with the aim of associating the Group s overall risk profile with the projected profitability resulting from the plan budget document The results produced by ERM and Risk Self assessment are communicated at scheduled intervals at meetings of the Control and Risk Committee and the Board Directors and are used by the Internal Auditing Department as a source of information for the preparation of specific risk based audit plans A coordinator and specific mitigating actions codified within classes of predefined activities are assigned to each of the mapped priority risks Regular updates are performed during the year to monitor the implementation of the identified mitigating actions and assess their potential impact The ERM system is supported by a dedicated IT tool The main risks and uncertainties affecting the Group s Parent Company and its subsidiaries are discussed in a separate chapter of the Report on Operations and in the notes to the consolidated financial statements Strategic risks and risks related to objectives are included in the ERM risk map System of Corporate Operating Procedures In order to ensure that corporate directives are properly implemented and the risks entailed by the achievement of corporate objectives are minimized Edison has adopted a set of procedures that regulate internal processes governing both activities that are carried out internally by each organizational entity and transactions with other entities Information Systems Virtually all corporate processes used by Edison and its subsidiaries are supported by information systems developed with last generation technologies and packages capable of supporting both business activities and accounting and financial processes The use of these systems is governed by internal procedures that guarantee safety privacy and correct use Moreover availability i e the possibility of accessing data when needed is guaranteed by a highly redundant hardware and software architecture to minimize the possibility of single point failure privacy i e the availability of data and information only to authorized users is assured by a segregation of duties planned in advance and implemented in the systems by means of user profiles security is guaranteed by a hardware and software infrastructure designed specifically with this requirement in mind which is maintained on an ongoing basis and tested periodically Applications are highly integrated in order to minimize any instance of multiple data entries and automate process flows A portion of the services is provided under outsourcing contracts with top suppliers who are IT industry leaders These contracts cover all of the tools periodic reporting organization of the service SLA penalties to facilitate management and control by Edison TOOLS TO ENSURE THE ACHIEVEMENT OF COMPLIANCE OBJECTIVES Organizational Model Pursuant to Legislative Decree No 231 2001 In July 2004 Edison adopted a 231 Model designed to prevent the perpetration of the unlawful acts referred to in the corresponding Decree and consequently shield the Company from administrative liability The Model which was adopted following a detailed analysis of the Company s operations to identify activities with a risk potential includes a series of general principles rules of conduct control tools administrative procedures training and information programs and disciplinary systems that are designed to prevent as much as possible the occurrence of the abovementioned crimes The 231 Model includes a general section that explains the Model s function and principles as well as the content of Legislative Decree No 231 2001 and other main reference statutes and a section that represents the 231 Model s own core and reviews the 231 Model s content from its adoption to the identification of at risk activities the definition of protocols the characteristics and modus operandi of the Oversight Board the information flows the training and information activities the penalty system and Model updates The Model is completed by its annexes which are an integral part of the 231 Model itself 1 Code of Ethics 2 Protocol to monitor the risk profiles identified in each unit 3 Expense Regulations and Guidelines for the management and award of powers of attorney The Board of Directors appointed an Oversight Board OB which is responsible for ensuring that the Model is functioning effectively and is kept up to date and is required to report to the Board of Directors and the Board of Statutory Auditors at least once every six months The Oversight Board is supported by the Internal Auditing Department which established a dedicated support unit by the Legal Corporate Affairs Division and the Human Resources and Organization Department Even though a recently introduced law introduced the option of attributing to the Board of Statutory Auditors the functions of the OB the Board of Directors did not find it appropriate to use this option due to the special complexity of Edison s organization and the specific competencies required to perform the tasks assigned to the OB In 2005 the main subsidiaries all of which have a much simpler organizational structure than Edison adopted models based on the guidelines issued by the Group s Parent Company Virtually all of them designated as the OB a member of their Board of Statutory Auditors who in the case of major subsidiaries is supported by a qualified external consultant The Oversight Boards of Edison and its subsidiaries receive information flows on a regular basis every six months from the individuals responsible for the Model s implementation Unit Officers Since 2008 the Model has been repeatedly updated and the updates were approved by the Board crimes introduced in the meantime in the 231 System market abuse money laundering computer crimes etc and in response to changes in Edison s business activities A second update became necessary in 2009 to include in the Model a protocol for the management of occupational safety risks Subsequently at the beginning of 2011 and in 2012 respectively the protocol for the management of insider information and the protocol for related party transactions were amended to take into account respectively certain operational requirements and amendments made to the applicable regulations The model updating process was also applied to the main subsidiaries Lastly in 2012 the Company completed the preparatory work needed to update the 231 Model to reflect the addition of new crimes introduced in the 231 System in 2009 including the new types of crimes listed in Law No 190 of 2012 Corruption between private Parties and Unlawfully inducing the giving or promising of benefits and environmental crimes The update which is being handled by the same interdepartmental work group that developed the Model in 2004 and uses the support of top external consultants was approved by the Board of Directors in 2013 During the same period work began on updating the 231 Models of some subsidiaries The Board of Directors appointed Edison s current OB on March 22 2013 Its members include an outside professional Umberto Tracanella who serves as Chairman and two independent Directors Gian Maria Gros Pietro and Paolo di Benedetto On March 22 2013 the Board of Directors acting upon a recommendation by the Compensation Committee confirmed for the members of the OB the same compensation amounts as in the previous mandate and confirmed the decision of awarding to the Chairman who is not a Director a higher compensation than the other two members The OB met four times in 2014 and once in 2015 At those meetings it reviewed primarily the findings of audit engagements and the information flows it received from the Unit Officers and received information on the progress made by Edison and the subsidiaries in updating the Model The OB reported every six months to the Board of Directors on the Model s adequacy and effectiveness submitting a special report Accounting Control Model pursuant to Law 262 2005 concerning financial disclosures Following the enactment of Law No 262 2005 on the protection of investments Edison upgraded when appropriate the accounting procedures it uses to prepare financial disclosures and defined the governance rules for the accounting control model it developed as well as the rules to manage on an ongoing basis regular audits and certifications of the adequacy and effective operation of the model it developed and assign responsibilities within its organization Additional information is provided in the section of this Report entitled Risk Management and Internal Control System in Relation to the Financial Disclosure Process and the Corporate Accounting Documents Officer Safety Environmental Protection and Quality Edison has adopted a system of procedures and organizational structures specifically designed to manage data security issues including those related to compliance with privacy statutes the protection of the environment the safety of its facilities and employees and the quality of the services it provides Compliance with Other Laws and Regulations The task of monitoring changes in and compliance with laws and regulations has been assigned to the Legal a Corporate Affairs Division for general legal and corporate issues and to the Institutional and Regulatory Institutional Affairs International Power Development Division for issues related to industry regulations Antitrust Code To supplement the compliance requirements of Code of Ethics the Company adopted an Antitrust Code that sets forth rules of conduct that must be followed to comply with antitrust laws TOOLS TO ENSURE THE ACHIEVEMENTS OF REPORTING OBJECTIVES Accounting Reports and Annual Financial Statements The preparation of accounting reports and annual statutory and consolidated financial statements is governed by the Manual of the Group s Accounting Principles and by additional administrative and accounting procedures which were updated and upgraded over time to comply with the requirements of Law No 262 2005 as explained in the section of this Report entitled Risk Management and Internal Control System in Relation to the Financial Disclosure Process and the Corporate Accounting Documents Officer The Company also adopted a fast closing procedure to optimize the preparation of periodic accounting and managerial reports and move forward the financial statement approval dates Insider Information Edison has adopted for some time a procedure for the internal handling and external communication of insider information which is an integral part of the 231 Model An overview of this procedure is provided in the section of this Report entitled Treatment of Corporate Information Internal Communications Edison has adopted an internal communications system that facilitates and encourages the exchange of information within the Company and the Group Tools to Monitor Internal Controls The effectiveness of the control tools outlined above is monitored directly by corporate managers each in the area under his or her jurisdiction and independently by Edison s Internal Auditing Department which carries out risk based auditing and assessment activities The findings of each audit are submitted to the Chief Executive Officer and the Company s managers and are presented on a regular basis to the Control and Risk Committee which in turn reports to the Board of Directors and the Board of Statutory Auditors TOOLS TO MONITOR INTERNAL CONTROL The effectiveness of the control tools outlined above is monitored directly by corporate managers each in the area under his or her jurisdiction and independently by Edison s Internal Auditing Department which carries out risk based auditing and assessment activities The findings of each audit are submitted to the Chief Executive Officer and the Company s managers and are presented on a regular basis to the Control and Risk Committee which in turn reports to the Board of Directors and the Board of Statutory Auditors RISK MANAGEMENT AND INTERNAL CONTROL SYSTEM IN RELATION TO THE FINANCIAL DISCLOSURE PROCESS AND THE CORPORATE ACCOUNTING DOCUMENTS OFFICER Edison being aware that financial reporting plays a central role in the construction and maintenance of positive relationships between companies and the parties they interact with contributing together with positive business performances to the creation of value for shareholders developed an internal control system aimed at ensuring the credibility accuracy reliability and timeliness of financial information with respect both to internal entities and the market In this area the Group adopted and constantly updates a set of rules and documents aimed at ensuring the efficacy and effectiveness of the rules an efficient coordination and exchange of information between the Parent Company and its subsidiaries and the correct construction of the separate and consolidated financial statements and interim financial reports In this regard because Edison is an Italian company with savings shares traded on an Italian regulated market it is required to appoint a Corporate Accounting Documents Officer the Documents Officer who pursuant to law has specific attributions responsibilities and certification and declaration obligations Pursuant to the Bylaws the Documents Officer must be selected by the Board of Directors upon a mandatorily required opinion by the Board of Statutory Auditors among executives with proven multi year experience in the fields of administration finance and or control at companies listed on regulated markets On October 26 2012 the Board of Directors decided to entrust this assignment jointly to Roberto Buccelli in his capacity as Accounting Tax manager and Didier Calvez in his capacity as Chief Financial Officer The Board of Statutory Auditors expressed a favorable opinion with regard to these appointments The Chief Executive Officer being duly authorized by the Board of Directors

    Original URL path: http://www.edison.it/en/elements-characterize-system-internal-control (2016-02-14)
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  • Financial Disclosure Process and the Corporate Accounting Documents Officer | Edison
    subsidiaries and the correct construction of the separate and consolidated financial statements In this regard because Edison is an Italian company with savings shares traded on an Italian regulated market it is required to appoint a Corporate Accounting Documents Officer the Documents Officer who pursuant to law has specific attributions responsibilities and certification and declaration obligations Pursuant to the Bylaws the Documents Officer must be selected by the Board of Directors upon a mandatorily required opinion by the Board of Statutory Auditors among executives with proven multi year experience in the fields of administration finance and or control at companies listed on regulated markets On October 26 2012 the Board of Directors decided to entrust this assignment jointly to Roberto Buccelli in his capacity as Accounting Tax manager and Didier Calvez in his capacity as Chief Financial Officer The Board of Statutory Auditors expressed a favorable opinion with regard to these appointments The Chief Executive Officer being duly authorized by the Board of Directors provided each one of the abovementioned parties with all necessary operating authority The respective compensation packages were defined consistent with the compensation policies for Group managers taking into account the general guidelines reviewed by the Compensation Committee More specifically the incentive mechanisms for these managers are consistent with the tasks entrusted to them It is important to note that the model required by Law No 262 2005 the 262 Model defines the guidelines that must be applied within the Edison Group to satisfy the obligations set forth in Article 154 bis of the TUF with regard to the preparation of corporate accounting documents and comply with the resulting certification requirements In accordance with statutory requirements the Documents Officer is responsible for the internal control system insofar as it applies to financial reporting Consequently prepares the administrative and accounting procedures needed for periodic financial reporting and any other financial communication relevant for that purpose and in a special report on the statutory financial statements the semiannual financial statements and the consolidated financial statements certifies together with the Chief Executive Officer that the abovementioned procedures were adequate and were effectively applied during the period covered by the accounting documents The 262 Model through its own Accounting Model Regulations accomplishes the following It defines the roles and responsibilities of the Organizational Units involved for various reasons Specifically the Administrative Processes Function of the Accounting and Tax Department is responsible for deploying and concretely implementing through the Internal Control Officer the activities needed to guarantee the effectiveness of the accounting control system It sets forth the operating methods that should be used to carry out the activities to comply with the abovementioned statutory requirements It provides support to the Documents Officer and the Chief Executive Officer in the issuance of the attestations and declarations required pursuant to law by requiring that the managers of the Company s Operating Units who are responsible for implementing the 262 Model use the internal communication process to provide an internal attestation of the completeness

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  • Coordination Internal Control and Risk Management System | Edison
    for Students and graduates Contacts Top Employer Focus Working in Edison Young Community Top Employer Investor Relations Strategy Key figures Reports and presentations Documents and prospects Financial disclosures Share capital and shareholders Stocks Debt and credit rating Extraordinary operations Financial calendar Investor kit Contacts Search documents Focus Target and growth strategy Stocks Debt and credit rating Governance Governance Board of Directors Board of Statutory Auditors Independent auditors Compensations Internal control and Risk management system Other information AGM SDIR NIS regulated information Contacts Focus Our model Board of directors Corporate Governance Report Media Press Releases News Press kit Insights Articles and speeches Glossary Social Media Gallery Calendar of events Contacts Search our plants FAQ 360 Video Focus Fact sheet Gallery Press releases price sensitive International activities Hydrocarbons Electric power Trading Edison offers Home Business Customer area it en Contacts Edison Spa International activities Hydrocarbons Electric power Trading Edison offers Home Business Customer area Who we are Activities Sustainability Our Offer Work with us Investor Relations Governance Governance Board of Directors Board of Statutory Auditors Independent auditors Compensations Internal control and Risk management system Parties involved Elements that Characterize the System of Internal Control Financial Disclosure Process and the Corporate Accounting Documents Officer Coordination Internal Control and Risk Management System 231 Model Code of Ethics Risk Management and Control System to the Financial Disclosure Process Anti Corruption Guidelines Other information AGM SDIR NIS regulated information Contacts Media Our plants it en Contacts Home Governance Internal control and Risk management system Coordination Internal Control and Risk Management System Governance Governance Board of Directors Board of Statutory Auditors Independent auditors Compensations Internal control and Risk management system Parties involved Elements that Characterize the System of Internal Control Financial Disclosure Process and the Corporate Accounting Documents Officer Coordination Internal Control and Risk Management System 231

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  • 231 Model | Edison
    and Risk Management System 231 Model Code of Ethics Risk Management and Control System to the Financial Disclosure Process Anti Corruption Guidelines Other information AGM SDIR NIS regulated information Contacts Media Our plants it en Contacts Home Governance Internal control and Risk management system 231 Model Governance Governance Board of Directors Board of Statutory Auditors Independent auditors Compensations Internal control and Risk management system Parties involved Elements that Characterize the System of Internal Control Financial Disclosure Process and the Corporate Accounting Documents Officer Coordination Internal Control and Risk Management System 231 Model Code of Ethics Risk Management and Control System to the Financial Disclosure Process Anti Corruption Guidelines Other information AGM SDIR NIS regulated information Contacts share 25 January 2016 231 Model Organizational Model Pursuant to Legislative Decree No 231 2001 In July 2004 Edison adopted a 231 Model designed to prevent the perpetration of the unlawful acts referred to in the corresponding Decree and consequently shield the Company from administrative liability The Model which was adopted following a detailed analysis of the Company s operations to identify activities with a risk potential includes a series of general principles rules of conduct control tools administrative procedures training and information programs and disciplinary systems that are designed to prevent as much as possible the occurrence of the abovementioned crimes The 231 Model includes a general section that explains its function and principles as well as the content of Legislative Decree No 231 2001 and other main reference statutes and a section that represents the 231 Model s own core and reviews the 231 Model s content from its adoption to the identification of at risk activities the definition of protocols the characteristics and modus operandi of the Oversight Board the information flows the training and information activities the penalty system and Model updates The Model is completed by its annexes which are an integral part of the 231 Model itself 1 Code of Ethics 2 Protocol to monitor the risk profiles identified in each unit and 3 Expense Regulations and Guidelines for the management and award of powers of attorney The Board of Directors appointed an Oversight Board OB which is responsible for ensuring that the Model is functioning effectively and is kept up to date and is required to report to the Board of Directors and the Board of Statutory Auditors at least once every six months The Oversight Board is supported by the Internal Auditing Department which established a dedicated support unit in the Corporate Compliance Ethics Function by the Legal Corporate Affairs Division and the Human Resources and Organization Department Even though a recently introduced law introduced the option of attributing to the Board of Statutory Auditors the functions of the OB the Board of Directors did not find it appropriate to use this option due to the special complexity of Edison s organization and the specific competencies required to perform the tasks assigned to the OB In 2005 the main subsidiaries all of which have a much

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  • Code of Ethics | Edison
    Glossary Social Media Gallery Calendar of events Contacts Search our plants FAQ 360 Video Focus Fact sheet Gallery Press releases price sensitive International activities Hydrocarbons Electric power Trading Edison offers Home Business Customer area it en Contacts Edison Spa International activities Hydrocarbons Electric power Trading Edison offers Home Business Customer area Who we are Activities Sustainability Our Offer Work with us Investor Relations Governance Governance Board of Directors Board of Statutory Auditors Independent auditors Compensations Internal control and Risk management system Parties involved Elements that Characterize the System of Internal Control Financial Disclosure Process and the Corporate Accounting Documents Officer Coordination Internal Control and Risk Management System 231 Model Code of Ethics Risk Management and Control System to the Financial Disclosure Process Anti Corruption Guidelines Other information AGM SDIR NIS regulated information Contacts Media Our plants it en Contacts Home Governance Internal control and Risk management system Code of Ethics Governance Governance Board of Directors Board of Statutory Auditors Independent auditors Compensations Internal control and Risk management system Parties involved Elements that Characterize the System of Internal Control Financial Disclosure Process and the Corporate Accounting Documents Officer Coordination Internal Control and Risk Management System 231 Model Code of Ethics Risk Management and Control System to the Financial Disclosure Process Anti Corruption Guidelines Other information AGM SDIR NIS regulated information Contacts share 25 January 2016 Code of Ethics In September 2003 Edison approved a Code of Ethics in line with the best international practices The Code which defines the principles and values that are the foundation of corporate ethics and the corresponding rules of conduct and implementation procedures has become an integral part of the 231 Model The Code has also been adopted by the Group s subsidiaries The Code of Ethics is binding with regard to the conduct of all

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  • Risk Management Control System to the Financial Disclosure Process and the Documents Officer | Edison
    of Statutory Auditors Independent auditors Compensations Internal control and Risk management system Parties involved Elements that Characterize the System of Internal Control Financial Disclosure Process and the Corporate Accounting Documents Officer Coordination Internal Control and Risk Management System 231 Model Code of Ethics Risk Management and Control System to the Financial Disclosure Process Anti Corruption Guidelines Other information AGM SDIR NIS regulated information Contacts Media Our plants it en Contacts Home Governance Internal control and Risk management system Risk Management Control System to the Financial Disclosure Process and the Documents Officer Governance Governance Board of Directors Board of Statutory Auditors Independent auditors Compensations Internal control and Risk management system Parties involved Elements that Characterize the System of Internal Control Financial Disclosure Process and the Corporate Accounting Documents Officer Coordination Internal Control and Risk Management System 231 Model Code of Ethics Risk Management and Control System to the Financial Disclosure Process Anti Corruption Guidelines Other information AGM SDIR NIS regulated information Contacts share 26 September 2014 Risk Management Control System to the Financial Disclosure Process and the Documents Officer Edison is an Italian company with savings shares traded on an Italian regulated market it is required to appoint a Corporate Accounting Documents Officer the Documents Officer who pursuant to law has specific attributions responsibilities and certification and declaration obligations Pursuant to the Bylaws the Documents Officer must be selected by the Board of Directors upon a mandatorily required opinion by the Board of Statutory Auditors among executives with proven multi year experience in the fields of administration finance and or control at companies listed on regulated markets On October 26 2012 the Board of Directors decided to entrust this assignment jointly to Roberto Buccelli in his capacity as Accounting Tax manager and Didier Calvez in his capacity as Chief Financial Officer

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  • Anti-Corruption Guidelines | Edison
    Insights Articles and speeches Glossary Social Media Gallery Calendar of events Contacts Search our plants FAQ 360 Video Focus Fact sheet Gallery Press releases price sensitive International activities Hydrocarbons Electric power Trading Edison offers Home Business Customer area it en Contacts Edison Spa International activities Hydrocarbons Electric power Trading Edison offers Home Business Customer area Who we are Activities Sustainability Our Offer Work with us Investor Relations Governance Governance Board of Directors Board of Statutory Auditors Independent auditors Compensations Internal control and Risk management system Parties involved Elements that Characterize the System of Internal Control Financial Disclosure Process and the Corporate Accounting Documents Officer Coordination Internal Control and Risk Management System 231 Model Code of Ethics Risk Management and Control System to the Financial Disclosure Process Anti Corruption Guidelines Other information AGM SDIR NIS regulated information Contacts Media Our plants it en Contacts Home Governance Internal control and Risk management system Anti Corruption Guidelines Governance Governance Board of Directors Board of Statutory Auditors Independent auditors Compensations Internal control and Risk management system Parties involved Elements that Characterize the System of Internal Control Financial Disclosure Process and the Corporate Accounting Documents Officer Coordination Internal Control and Risk Management System 231 Model Code of Ethics Risk Management and Control System to the Financial Disclosure Process Anti Corruption Guidelines Other information AGM SDIR NIS regulated information Contacts share 09 September 2015 Anti Corruption Guidelines In consideration of the strategic choices made in recent years by the Company which are oriented towards extending its activities in foreign countries and of the efforts that national and international institutions are implementing in order to forestall and thwart corruption crimes Edison as committed as always to maximizing the professional ethics of its collaborators has adopted the Anti Corruption Guidelines The Guidelines approved by Board of Directors of

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