Governance model

The governance of Madre Holding S.p.A. is based on the traditional model, which includes a General Shareholders’ Meeting, Board of Directors and Board of Statutory Auditors.

The corporate governance system of Madre Holding S.p.A. is essentially oriented toward the pursuit of sustainable success, that is, the creation of long-term value for the benefit of shareholders, taking into account the interests of other stakeholders relevant to the Company.

The audit engagement for fiscal years 2019-2022 was entrusted by the Ordinary Shareholders’ Meeting of the Company on December 16, 2019, to the auditing firm Ernst & Young S.p.A., effective as of July 28, 2020, the date of the Ordinary Shareholders’ Meeting of the Company that approved the financial statements as of December 31, 2019.

Corporate documents

Corporate bodies

Council of

Umberto Deodati
Chairman Board of Directors

Daniel Pistoia

Joseph Monaco

The Board of Directors, composed of 03 members and appointed on March 30, 2020, is the management body of the Company. Its main role is the review and approval of strategic, industrial and financial plans.

Board of
Statutory Auditors

Francesco La Greca
Chairman of the Board of Statutory Auditors

Andrea De Nigris
Alternate Auditor

Grazia Carbone

The Board of Statutory Auditors oversees compliance with the law and the Articles of Association, as well as compliance with the principles of proper administration in the performance of corporate activities, the adequacy of the organizational structure, the internal control system.

Supervisory Body

Umberto Deodati
Chairman of the Board of Directors

Daniele Pistoia

Giuseppe Monaco

The supervisory body has the task of supervising the functioning and observance of the organization and management model and of ensuring its updating and is endowed with autonomous powers of initiative and control.

Auditing firm

Ernest & Young S.p.A.

The statutory auditing of the accounts is entrusted to a specialized statutory auditing company, duly registered in the appropriate register of statutory auditors, appointed by the Shareholders’ Meeting on the proposal of the Board of Statutory Auditors.