The Governance Structure

BFF adopts the traditional corporate governance model of administration and control.

The governance model comprises:

  • Board of Directors (the body with strategic supervisory function)
  • Chief Executive Officer (with management function)
  • Board of Statutory Auditors (with control function)

The corporate governance provides, moreover, for the establishment of a Supervisory Board (SB) and specialised committees to investigate, advise and make recommendations to the bodies vested with the strategic supervisory and management functions:

  • Remuneration Committee
  • Related-party Transactions Committee
  • Appointments Committee
  • Risk Control Committee

BFF belongs in the category of companies of larger dimensions or which are operationally complex, as a listed company, its shares admitted for trading on the MTA run by Borsa Italiana S.p.A.

As indicated in the "Corporate governance and share ownership Report" made public on March 15th 2018, the Issuer qualifies as a small and medium-sized enterprise (SME) pursuant to Article 1(1) (w-quater) of the Consolidated Financial Act.