The duties, term in office, work and functioning of the Surveillance Body are governed by the Organization, Management and Control Model are governed by the Organization, Management and Control Model, by the Surveillance Body's own by-laws approved by the Board of Directors and by regulations approved by the Surveillance Body itself. 

The Surveillance Body reports directly to the Chief Executive Officer and to the Board of Directors of Ansaldo STS, and reports on its work to the Board of Statutory Auditors. 

Ansaldo STS's Supervisory Body provides information on an annual basis at least to the Chief Executive Officer, the Board of Directors and the Board of Statutory Auditors.

The Surveillance Body reports promptly to the Chief Executive Officer regarding:

  • any breach of the Organization, Management and Control Model that it considers to have been committed and which has been reported to it by an employee or which the Surveillance Body has ascertained itself;
  • organizational or procedural shortcomings that have been identified and which could lead to a real risk of offences being committed that are relevant for the purposes of Legislative Decree No. 231/2001;
  • amendments to legislation that are of particular significance for the purposes of the implementation and efficacy of the Organization, Management and Control Model;
  • a lack of cooperation by the departments in the business;
  • the existence of criminal proceedings against parties who act on behalf of the company or proceedings against the company in relation to offences that are relevant pursuant to Legislative Decree n. 231/2001;
  • the outcome of investigations carried out following the launch of an investigation by the Judicial Authorities regarding offences that are relevant for the purposes of Legislative Decree No. 231/2001;
  • any other information considered useful in order for urgent decisions to be taken by the Chief Executive Officer.

The Surveillance Body is also required to:

  • report to the Board of Directors, without delay, any breach of the Organization, Management and Control Model by the Chief Executive Officer, other senior managers in the company or members of the Board of Statutory Auditors or the  external auditing firm;
  • report to the Board of Statutory Auditors, without delay, any breach of the Organization, Management and Control Model by the independent auditing firm or, in order that the Board of Statutory Auditors can take the relevant measures established by law, by members of the Board of Directors. 

The Surveillance Body receives structured information on a periodic basis from the relevant departments in the business relating to the implementation of the Organization, Management and Control Model and in relation to specific events.  In carrying out its duties, the Supervisory Body may make use of the company's Internal Audit Department on the basis of a specific mandate, and may also make use of other departments in Ansaldo STS or external consultants who, from time to time, are considered appropriate in order to carry out the work referred to.  

The Surveillance Body may exchange information with other bodies and departments in the company and may be invited to attend the relevant meetings.