Shareholders & Financers

Group companies are committed to ensuring equal treatment for all categories of shareholders, avoiding any preferential treatment. The reciprocal benefits that derive from belonging to a group of companies are pursued in accordance with the relevant legislation and the autonomous interests of each Group Company as it seeks to create value. (Article 3 of the Ethical Code ).

Over recent years the Pirelli Group has developed one of the most advanced governance systems in the world, making strenuous efforts to appoint independent administrators and minority groups onto its own board.

Independents now account for fifty percent of the total (ten out of twenty), and a fifth of them (four) represent minority shareholders. Independents are also co-ordinated by a "Lead Independent Director" responsible for dealing with and co-ordinating all their demands.

Specially appointed internal committees ensure all inside operations proceed smoothly.
Extract from Pirelli Investor Relations policy : "The level of trust and reliability that a firm is deemed to hold among investors, and more broadly in the financial community, depends in fact from the relationship between the firm and its stakeholders."

Relations with the financial community take the form of live or conference call presentations regularly reporting the company's economic-financial results and development strategies. It is in Pirelli & C. S.p.A.'s own primary interest to set up and maintain constant interaction with its shareholders and institutional investors."

It is in Pirelli & C. S.p.A.'s own primary interest to set up and maintain constant interaction with its shareholders and Institutional Investors

A practical example of the above commitment is the Retail Shareholder's Guide, a dedicated means of information specially set up by Pirelli for retail shareholders.

The Manual, drawn up based on experience with best international practice, is a benchmark for listed companies in Italy interested in communicating directly with their shareholders.