The corporate governance structure is comprised of a system of management and control and shareholder meetings. Pursuant to law, external auditors are responsible for independent audits.
Fiat adopted a system of management and control based on a Board of Directors and a Board of Statutory Auditors. In this structure, the Board of Directors, which is responsible for management and ensures, both as a collegiale body and through specially designated consulting and advisory internal committees, that the necessary controls exist to monitor Company performance, is flanked by another body separate from the Board of Directors that is vested with independent jurisdiction and powers and appointed according to the requirements of professionalism, integrity, and independence as prescribed by law and Fiat’s By-laws. |
|