Governance System

The corporate governance system adopted by the company, has a primary goal of creating value for the shareholders, in recognition of the importance of transparency in the company decision-making processes, and the need for an efficient internal control and risk management system.

The organisation of Hitachi Rail STS is based on the traditional model.

 The Company's main tools of governance are the following:

  • Articles of Association;
  • Code of Ethics;
  • Organisation, Management and Control Model pursuant to Legislative Decree no. 231/01;
  • Meeting Regulation;
  • Regulation of the Board of Directors; 
  • Anti Corruption Policy. 

ORGANISATION OF THE COMPANY

Shareholders' Meeting

It is competent to deliberate, as ordinary and extraordinary meeting, on the matters reserved to the same by the law or the Articles of Association.

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Board of Statutory Auditors
Board of directors
Independent statutory auditing firm

The Board of Statutory Auditors has the task of supervising, pursuant to the rules of the Civil Code, and of the Consolidated Law on Statutory Audits (Legislative Decree no.39/2010) taking into consideration also the principles of conduct recommended by the Italian National Councils of Chartered and Registered Accountants.

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It is vested with all powers for the management of the Company, with the authority to take all appropriate actions for the achievement of the corporate purposes, excluding those acts which are reserved – by the law or the Articles of Association – to the Meeting.

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The accounts are legally audited by a specialised company entered in the register of statutory auditors, appointed for this purpose by the Shareholders’ Meeting, on a justified proposal submitted by the Board of Statutory Auditors. The company entrusted with the statutory audit of the Hitachi Rail STS accounts is performing a similar task for the parent company Hitachi Rail Italy Investments S.r.l. and in almost all of Hitachi Rail STS’ subsidiaries.

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Shareholders' Meeting

It is competent to deliberate, as ordinary and extraordinary meeting, on the matters reserved to the same by the law or the Articles of Association.

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Board of Statutory Auditors

The Board of Statutory Auditors has the task of supervising, pursuant to the rules of the Civil Code, and of the Consolidated Law on Statutory Audits (Legislative Decree no.39/2010) taking into consideration also the principles of conduct recommended by the Italian National Councils of Chartered and Registered Accountants.

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Board of directors

It is vested with all powers for the management of the Company, with the authority to take all appropriate actions for the achievement of the corporate purposes, excluding those acts which are reserved – by the law or the Articles of Association – to the Meeting.

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Independent statutory auditing firm

The accounts are legally audited by a specialised company entered in the register of statutory auditors, appointed for this purpose by the Shareholders’ Meeting, on a justified proposal submitted by the Board of Statutory Auditors. The company entrusted with the statutory audit of the Hitachi Rail STS accounts is performing a similar task for the parent company Hitachi Rail Italy Investments S.r.l. and in almost all of Hitachi Rail STS’ subsidiaries.

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