The Board of Directors is composed of 9 Directors, of which 6 are selected from the majority list and 3 from the minority list. It was appointed, in compliance with current gender balance legislation, by the Shareholders' Meeting on April 30, 2015. The Board of Directors mandate expires at the Shareholders' Meeting called to approve the Financial Statements as at 31st December 2017.
The Board of Statutory Auditors is composed of 3 Statutory Auditors and 2 alternate Auditors, appointed by the Shareholders on April 28, 2017. The term of office for Statutory Auditors is 3 years and will expire at the Shareholders' Meeting called to approve the Financial Statements as at December 31, 2019.
The legal audit of Saipem’s financial statements is entrusted – pursuant to the law – to an External Audit Company registered in Consob’s special registry and appointed by the Shareholders’ Meeting, upon a reasoned proposal by the Board of Statutory Auditors. The current external auditors are Reconta Ernst & Young S.p.A., whose mandate was approved by the Shareholders’ Meeting of April 26, 2010, for the financial years 2010-2018.