TIM Principles of Corporate Governance
TIM and its bodies conform their activities, also towards Group companies, to the principles of correct management of corporate affairs as well as to those contained in the Code of Ethics of TIM Group.
The Company complies with the January 2020 edition of the Code of Corporate Governance drawn up by the Corporate Governance Committee of Borsa Italiana.
In its meeting of May 4, 2022, the Board of Directors approved the update of the Corporate Governance Principles.
The updated Telecom Italia Principles of Corporate Governance, which depart from and / or supplement the framework of the rules applicable in relation to the tasks and functioning of the corporate bodies, whilst referring, for any other matter or issue, to principles and criteria of Borsa Italiana’s Code of Corporate Governance, are available at link below.
Antitrust Code of Conduct of the TIM Group
The TIM Group's Antitrust Code of Conduct, approved by TIM's Board of Directors on 20 February 2019, forms the basis of TIM's new Antitrust Compliance programme.
Aimed at all TIM personnel (top management, executives, employees), the Antitrust Code of Conduct illustrates the contents of the legislation protecting competition in a simple and accessible way and provides a practical guide on the kinds of behaviour to adopt when faced with specific situations that could be a cause of potential antitrust violations.
The various activities defined by the programme are in line with European and national best practice and with the recent directions of the Italian Antitrust Authority (AGCM).
Inside information and insider dealing procedure
The new procedure, approved by the Board of Directors on February 3, 2017, amended on September 24, 2018, establishes the principles and rules with which TIM complies in the internal management and external disclosure of the Company’s inside information, as defined in law, and on the arrangements to maintain registers of people who have access to it. It regulates Company activities with reference to the obligations and compliances connected to insider dealing.
Procedure for performing transactions with related parties
The Board of Directors on June 23, 2021 adopted the new version of the Procedure for managing transactions with related parties, which sets out the procedural rules to guarantee transparency and correctness of related parties transactions, pursuant to the Consob Provisions relating to transactions with related parties (as amended by resolution no. 21264 of 10 December 2020). The new version of the TIM Procedure is effective from July 1st, 2021.
New website (in Italian) regarding the procedure for performing transactions with related parties
Guidelines for the assignments to the independent auditors
Regulation of the appointment of external auditors by the Company and its subsidiaries.
Procedure for handling "reports"
The Board of Auditors/Audit Committee has adopted a Procedure for the receipt, retention, and handling of statements of violations, complaints and complaints/submissions of concerns.
TIM Engagement Policy
The Policy, approved by the Board of Directors on December 16, 2020, governs the dialogue with stakeholders and, in particular, all the shareholders. The document meets a specific recommendation of the Corporate Governance Code of Borsa Italiana.
