Prima Sole Components is a single member stock company, 100% owned by BS Holding, whose administrative centre and registered office are located in Torrice, in the province of Frosinone.
The government structure provides for a three-year Board of Directors (BoD) of five members. The Chairman and the Chief Executive Officer have powers of ordinary and extraordinary administration with disjoint signature.
The definition of business strategies, including economic, environmental and social issues, is one of the BoD’s competences: by monthly monitoring, through the central and individual business unit committees, and without prejudice to the responsibilities delegated to the corporate officers, the President exercises control over all activities of the company, including those related to sustainable development.
Site managers are delegated by the directors of the individual companies to ensure compliance with mandatory environmental and social standards. The enhancement and dissemination of sustainability skills within the Group is ensured by the training plans implemented by the PSC Academy.
The CEO annually reviews the Group’s Strategic Plan, which also contains the sustainability priorities. He also reviews the contents of the Sustainability Report prior to its publication, and validates the update of the material issues identified, which are listed in Chapter 2.
The President is also a major shareholder and holds no other corporate office; therefore, there are no potential conflicts of interest in the performance of his duties.
The members of the governing body are appointed according to strategic assessments and decisions made by the Chairman and the CEO, based on the specific skills of the candidates and their ability to manage business impacts, risks and opportunities. Instead, the performance of the BoD is assessed through the monthly reporting of profit and loss accounts. To date, there are no formal procedures for managing the remuneration of the highest governing body.