Governance

Governance

General

It is of great importance for the Company that our Clients and other stakeholders perceive how TECHNITAL develops the sustainability principles.

As a matter of facts, the Company maintains an open dialogue with employees, clients, organization, partners, financiers and shareholders. In such respect, information on Company governance and business conduct can be found in our Annual Report.

The Company sets policies on governance and responsibility. The Chief Executive Officer is in charge of setting corporate responsibility and of the company performance. A common management structure governs quality, safety and environment and the Company has developed internal policies for: business conduct, data protection, dignity and equality at work, and the appropriate use of information technologies. All these issues are reviewed regularly and updated to reflect changes in the legislation, emerging good practice, and business needs.

Internal control

Internal control rules for production are set in order to monitor activities and in order to undertake corrective actions whenever needed for organizational reasons.

A Project Manager is appointed of the development of each project. The Project Manager’s goal is to develop the production activities at the standard required by the Company, to the satisfaction of the Client and within the budget assigned.

The Project Manager guides and coordinates resources taken from the Engineering Department of the Company, takes care of the relations with Client, with associated Companies and with sub-consultants. He is responsible of following the technical aspects, respecting contractual terms, respecting the schedule, respecting the budget, managing invoicing matters and in general of the operating efficiency.

A Project Coordinator is also appointed of following the same project for providing support and advice to the Project Manager. The application of separation of responsibility allows a separate check and balance of each other's actions.

As far as commercial activities is concerned, they are developed by the Domestic Development Department and by the International Development Department which responsible refer to the Chief Executive Officer. Such arrangement reflects the application of the principle of the separation of responsibility in in the same way as for Project Managers.

The overall activities lay on a certified Quality System ISO 9001:2015 Quality System Management and the company is also certified by ISO 14001: 2015 Environmental Quality Management and by OHSAS 18001:2007 Occupational Health and Safety.

Business conducts:integrity and ethical behaviour

Ethical and responsible decision making is very important for the company in terms of risk management and in order to keep actions within the ethical and legal boundaries.

For that reason, the company is adopting a code of conduct for its Executives and Directors able to fulfil requirements for responsible decision taking. Such code aims at reducing the possibility of stepping outside set limits.

Rules for financial reporting

The Direction has primarily the responsibility for the company external financial reporting functions. The Chief Executive Officer is the crucial participant in such process in conjunction with the Head of the Administrative Department has a high degree of reliance on them for the integrity and supply of accounting information.

During such process, the Chief Executive Officer uses the Head of the Administrative Department for overseeing the internal accounting systems, and is also dependent on the company’s accountants and internal auditors.

In order to reduce risks of apparent performance of the company and to enhance the integrity of the profit-loss balance, the company financial reports are audited by an external auditor who issues a yearly financial audit accompanying the financial statements. The financial audits are prepared in accordance with the International Standard Accounting (ISA Italia).

Visibility rules

"Planning" is the key word of TECHNITAL's corporate image.

THECHNITAL aims to transfer its know-how through a timeless communicative style, which is not influenced by trends and fashions. This is possible thanks to a relaxed style, neither aggressive nor particularly creative. The predominant colour is always a neutral tint, which guarantees a more effective interaction with the contents.

Order and organization sustain the choices that define the visibility rules, because it must be easy to enter the technical contents which are presented in the different communication tools used by the Company.