{"id":9111,"date":"2021-01-22T11:31:31","date_gmt":"2021-01-22T10:31:31","guid":{"rendered":"https:\/\/totospa.it\/governance\/"},"modified":"2026-03-18T09:13:29","modified_gmt":"2026-03-18T08:13:29","slug":"governance","status":"publish","type":"page","link":"https:\/\/totospa.it\/en\/governance\/","title":{"rendered":"Governance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9111\" class=\"elementor elementor-9111 elementor-1268\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1c4910b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1c4910b\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;_id&quot;:&quot;184bac4&quot;,&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:&quot;1&quot;,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-33c6d91\" data-id=\"33c6d91\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8f5734f elementor-hidden-phone elementor-widget elementor-widget-global elementor-global-9168 elementor-widget-breadcrumbs\" data-id=\"8f5734f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"breadcrumbs.default\">\n\t\t\t\t\t<p id=\"breadcrumbs\"><span><span><a href=\"https:\/\/totospa.it\/en\/\">Home<\/a><\/span><\/span><\/p>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8785e43 elementor-widget elementor-widget-heading\" data-id=\"8785e43\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Governance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4d0c2cc elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"4d0c2cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-355ade5c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"355ade5c\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;_id&quot;:&quot;da0284b&quot;,&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:&quot;1&quot;,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-51f47c2b\" data-id=\"51f47c2b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-cbd4bd8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cbd4bd8\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;_id&quot;:&quot;9ad2ca9&quot;,&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:&quot;1&quot;,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-ddf1124\" data-id=\"ddf1124\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ccdd09b elementor-widget elementor-widget-heading\" data-id=\"ccdd09b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Governance System<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-687750f elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"687750f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f06a20 elementor-widget elementor-widget-heading\" data-id=\"7f06a20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Board Of Directors<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01e4cd8 elementor-widget elementor-widget-text-editor\" data-id=\"01e4cd8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul>\n<li>Paolo Toto (<i>Chairman and CEO<\/i>)<\/li>\n<li>Gianfranco Rapposelli (<i>Council Member<\/i>)<\/li>\n<li>Prof. Luciano D\u2019Amico (<i>Council Member<\/i>)<\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-da2ac0f elementor-widget elementor-widget-heading\" data-id=\"da2ac0f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">MANAGEMENT<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb0df1c elementor-widget elementor-widget-text-editor\" data-id=\"cb0df1c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul>\n<li>Gianluca Cangemi (General Manager)<\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd910db elementor-widget elementor-widget-heading\" data-id=\"fd910db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Board Of Statutory Auditors<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9450704 elementor-widget elementor-widget-text-editor\" data-id=\"9450704\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Giovanni Smargiassi (<\/span><i><span style=\"font-weight: 400;\">Chairman<\/span><\/i><span style=\"font-weight: 400;\">)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Vito Ramundo (<\/span><i><span style=\"font-weight: 400;\">Standing Statutory Auditor<\/span><\/i><span style=\"font-weight: 400;\">)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Francesco Cancelli (<\/span><i><span style=\"font-weight: 400;\">Standing Statutory Auditor<\/span><\/i><span style=\"font-weight: 400;\">)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Paolo Palumbo (<\/span><i><span style=\"font-weight: 400;\">Standing Statutory Auditor<\/span><\/i><span style=\"font-weight: 400;\">)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Giovanni D\u2019Aquino (<i style=\"font-weight: inherit;\"><span style=\"font-weight: 400;\">Standing Statutory Auditor<\/span><\/i><span style=\"font-weight: 400;\">)<\/span><\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-637bd23 elementor-widget elementor-widget-heading\" data-id=\"637bd23\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Audit Firm<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-acaa5e5 elementor-widget elementor-widget-text-editor\" data-id=\"acaa5e5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul>\r\n \t<li><em>PricewaterhouseCoopers S.p.A.<\/em><\/li>\r\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f5abb7b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f5abb7b\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;_id&quot;:&quot;9ad2ca9&quot;,&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:&quot;1&quot;,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-3a96a0e\" data-id=\"3a96a0e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e7d0485 elementor-widget elementor-widget-heading\" data-id=\"e7d0485\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Organizational Chart<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-44bf513 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"44bf513\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-678f329 elementor-widget elementor-widget-image\" data-id=\"678f329\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/totospa.it\/wp-content\/uploads\/2026\/03\/TOTOSPA-ORGANIGRAMMA-ENG-03-2026.webp\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"TOTOSPA ORGANIGRAMMA ENG 03-2026\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTc3MDQsInVybCI6Imh0dHBzOlwvXC90b3Rvc3BhLml0XC93cC1jb250ZW50XC91cGxvYWRzXC8yMDI2XC8wM1wvVE9UT1NQQS1PUkdBTklHUkFNTUEtRU5HLTAzLTIwMjYud2VicCJ9\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"2500\" height=\"1143\" src=\"https:\/\/totospa.it\/wp-content\/uploads\/2026\/03\/TOTOSPA-ORGANIGRAMMA-ENG-03-2026.webp\" class=\"attachment-full size-full wp-image-17704\" alt=\"\" srcset=\"https:\/\/totospa.it\/wp-content\/uploads\/2026\/03\/TOTOSPA-ORGANIGRAMMA-ENG-03-2026.webp 2500w, https:\/\/totospa.it\/wp-content\/uploads\/2026\/03\/TOTOSPA-ORGANIGRAMMA-ENG-03-2026-300x137.webp 300w, https:\/\/totospa.it\/wp-content\/uploads\/2026\/03\/TOTOSPA-ORGANIGRAMMA-ENG-03-2026-1024x468.webp 1024w, https:\/\/totospa.it\/wp-content\/uploads\/2026\/03\/TOTOSPA-ORGANIGRAMMA-ENG-03-2026-768x351.webp 768w, https:\/\/totospa.it\/wp-content\/uploads\/2026\/03\/TOTOSPA-ORGANIGRAMMA-ENG-03-2026-1536x702.webp 1536w, https:\/\/totospa.it\/wp-content\/uploads\/2026\/03\/TOTOSPA-ORGANIGRAMMA-ENG-03-2026-2048x936.webp 2048w\" sizes=\"(max-width: 2500px) 100vw, 2500px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-562e864a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"562e864a\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;_id&quot;:&quot;9ad2ca9&quot;,&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:&quot;1&quot;,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4b4d832e\" data-id=\"4b4d832e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4fb4593 elementor-widget elementor-widget-heading\" data-id=\"4fb4593\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Internal Control And Risk Management<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b01354 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"7b01354\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a51d64b elementor-widget elementor-widget-text-editor\" data-id=\"a51d64b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong>TOTO S.p.A. Costruzioni Generali<\/strong>\u00a0executes its management and control of the Company through a sound and transparent way in fulfilment of national and international legal provisions, particularly in compliance with:<\/p>\n<ul>\n<li>The requisites of Legislative Decree 231\/2001 containing the \u201cDiscipline of the administrative liability of legal persons\u201d.<\/li>\n<li>The principles of Law 190\/2012 containing \u201cProvisions for the prevention and punishment of corruption and illegality in public administration\u201d.<\/li>\n<\/ul>\n<p>The Decree no. 231 provides for the \u201cadministrative\u201d (criminally relevant) responsibility of legal persons, deriving from the commission or attempted commission of certain types of criminal offences in the interest or for the benefit of the companies themselves. Such a responsibility is in addition to the criminal liability of the individual who has committed the criminal offence.<\/p>\n<p>The Law 190 provides for the adoption of measures, instruments, and models so that the Company may abide by the ethical standards and act in full observance of the norms regarding the prevention of corruption in all its forms, both direct and indirect, and the integrity, transparency, and correctness of the Company\u2019s corporate actions.<\/p>\n<p>The two laws converge on sensitive issues regarding the controls to enact on corruption offences, hence the corporate need to consolidate both the 231 decree matters and Anti-corruption profiles within a single Model: an unambiguous tool with which the Company ratifies its alignment with the aforementioned principles.<\/p>\n<p>The Model identifies the relevant processes, the responsibilities and the control principles related to specific kind of criminal offences identifies by these two laws. Therefore, the Model represents the document on which an effective Company Management and Control System is based and developed.<\/p>\n<p>It is assigned to the\u00a0<strong>Supervisory Committee<\/strong>\u00a0the duty to monitor the observation and the level of application of the Model in order to verify its ongoing efficacy. The Supervisory Committee relies on the Internal Audit Department support that, on behalf of the Committee, executes the audit activities, applying protocols and anti corruption controls, mentioned in the Model, with reference, in particular, to the relevant processes in terms of the 231 Decree.<\/p>\n<p>The Company updates, on a yearly base, the Risks &amp; Controls Map: this activity is called Risk Assessment. The\u00a0<strong>Risk Assessment<\/strong>\u00a0target is to evaluate, through a structured methodology, the business processes exposed to the most relevant risk factors as well and the efficacy of the control system put in place functional to the achievement of the strategic and operational targets of the Company.<\/p>\n<p>The activity is also strategic in terms of the audit activities prioritization and of definition of potential corrective actions in order to reduce the risk factor and to improve the governance and the Company process management.<\/p>\n<p>TOTO S.p.A. Costruzioni Generali has chosen a Self-Risk Assessment with a \u201ctop down\u201d approach, that is a self-evaluation by the Head Quarter Managers of the connected risk (based on the probability and the impact) and the residual risk (based on the control system actually implemented), each one for the process of its own competence.<\/p>\n<p>In order to maintain an adequate risk management and monitoring process, Toto adopts, from an organizational point of view, an\u00a0<strong>Internal Audit &amp; Risk Management Department<\/strong>\u00a0that conducts the related activities with the support of the Quality, Health, Safety and Environmental Department.<\/p>\n<p>The Risk Assessment results, approved by the CEO, gives a valid support to the Board and the Control and Supervisory Company Committees, in order to express an opinion on the adequacy of the internal control and risk management system of the Company.<\/p>\n<p>Finally, the Company, in order to regulate its proper internal control and governance system, adopts its own Code of Ethics, which is integrated with the Model. They together assure efficiency and transparency of the management processes as well as effectiveness in the audit and in the risk monitoring activities.<\/p>\n<p>The Code implemented by TOTO S.p.A. Costruzioni Generali, sets basic ethic principles that inspire the Company to follow its own targets. Furthermore, it requires adherence to these values on the part of the Company Bodies, the employees and the third parties, in order to prevent corruption.<\/p>\n<p>Therefore, the \u201c231 Compliance System\u201d of TOTO S.p.A. Costruzioni Generali, is structured as follows:<\/p>\n<ul>\n<li>a \u201c231 and Anti Corruption Model\u201d, updated with reference to the internal and external context;<\/li>\n<li>procedures in accordance with the Special Parts of the Model that include the following main elements: Roles and Responsibilities, Powers of Attorney, Informative Flows, Relevant Documentation, Reporting, Process Phases and Authorization Process, Information Technology, Controls;<\/li>\n<li>a recurring Risk Assessment activity in order to support the evaluation of the main risks that cause the \u201crelevance\u201d of the processes in terms of \u201c231 \/ anti-corruption\u201d within the scope of the Model;<\/li>\n<li>a recurring and traced audit activity in terms of \u201c231 \/ anti-corruption\u201d in order to support the Administration, Supervision and Control Bodies of the Company in giving an opinion on the adequacy of the Internal Control and Risk Management System.<\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Governance System Board Of Directors Paolo Toto (Chairman and CEO) Gianfranco Rapposelli (Council Member) Prof. Luciano D\u2019Amico (Council Member) MANAGEMENT Gianluca Cangemi (General Manager) Board Of Statutory Auditors Giovanni Smargiassi (Chairman) Vito Ramundo (Standing Statutory Auditor) Francesco Cancelli (Standing Statutory Auditor) Paolo Palumbo (Standing Statutory Auditor) Giovanni D\u2019Aquino (Standing Statutory Auditor) Audit Firm PricewaterhouseCoopers S.p.A. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"unboxed","site-sidebar-style":"unboxed","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"enabled","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[],"tags":[],"class_list":["post-9111","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Governance - Toto Costruzioni Generali<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/totospa.it\/en\/governance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Governance - Toto Costruzioni Generali\" \/>\n<meta property=\"og:description\" content=\"Governance System Board Of Directors Paolo Toto (Chairman and CEO) Gianfranco Rapposelli (Council Member) Prof. Luciano D\u2019Amico (Council Member) MANAGEMENT Gianluca Cangemi (General Manager) Board Of Statutory Auditors Giovanni Smargiassi (Chairman) Vito Ramundo (Standing Statutory Auditor) Francesco Cancelli (Standing Statutory Auditor) Paolo Palumbo (Standing Statutory Auditor) Giovanni D\u2019Aquino (Standing Statutory Auditor) Audit Firm PricewaterhouseCoopers S.p.A. 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