Terna joined the new Code of Self Governance for Listed Companies published by Borsa Italiana in March 2006 and modified its governance system to comply with the commitment taken. The present system is therefore in line with the principles included in the Code of Self Governance, with the guidelines published by CONSOB on this topic and more in general, with the international best practices.

Terna SpA has been listed in the Italian Stock Exchange since June 2004. Its share capital totals 440,199,936 euro and is made up of 2,000,908,800 ordinary shares with a nominal value of 0.22 euro.
At the end of June 2008, TERNA’s relative majority shareholder was Cassa Depositi e Prestiti (a share company owned for 70% by the Ministry for Economy and Finance) which holds 29.99% of shares.
65% of the capital is Italian, while 35% is held by foreign funds. In particular:

In defining its Code of EthicsIt is often called a“business charter”, as it represents the foundation of the company’s culture and explicitly sets forth the rights and duties and areas of responsibility that the business undertakes to respect in dealing with its stakeholders. It is an official document, signed by the BoD, which requiresthe compliance of all personnel. and through the active involvement of executives and top managers, Terna has identified the most significant stakeholderEveryone (individuals, groups, organizations, institutions) interested in the company, especially if directlyaffected by company’s activities in economic terms – such as shareholders, employees, customers and suppliers – but also when only indirectly affected, such as the general public bearing an interest in the protection of the environment. categories in terms of continuity of relations and of the importance of their mutual impact.

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