The board of directors of Telecom Italia (TIM) has announced the establishment of a new supervisory body following an initiative of the company's board of statutory auditors, which has been carrying out the task since 2012. The new and separate structure will provide specialist supervision under the chairmanship of Giuseppe Pignatone, assisted by Carlo Piergallini, the statutory auditor Anna Doro and the head of the company's audit department Gianfranco Cariola.
In a statement, TIM described the new model as a significant improvement on the previous supervisory structure, bringing it into line with best industry practices with the aim of further strengthening TIM’s internal control and risk management system. The company has also amended its governance principles in line with the new structure and will publish them shortly on its website.
