Compliance

The Corporate Governance system of the Company is substantially in line with the principles included in the Governance Code of listed companies published by Borsa Italiana in March 2006 (which can be consulted in Borsa Italiana S.p.A.’s website: http://www.borsaitaliana.it ) that Terna has adopted, as illustrated before, with resolution by the Board of Directors of December 21, 2006.
Further action aimed at improving the Group’s system of governance are being carried out and others will be taken into consideration for the constant update and adjustment of the Terna governance system to the best practices for the Company’s acceptance of the amendments to the Governance Code published in December 2011 by the Committee for Corporate Governance promoted by Borsa Italiana according to the timetable for adjustment envisaged by the transitional provision.
The Company is not subject to non-Italian laws that influence its Corporate Governance structure.