Since its IPO in December 2002, the Company has adopted the code of conduct for corporate governance promoted by the Italian Stock Exchange (Borsa Italiana). The structure of corporate governance, which is a set of rules and behaviours aimed at ensuring the efficient and transparent functioning of the governance bodies and control systems, was set in compliance with the recommendations provided in the code and appropriately adjusted to take into consideration the subsequent amendments. Right now it complies, with limited exceptions, with the rules set forth in the Code of July 2014.