TIU’s governance model aims to maximize shareholder value, while monitoring risks ensuring transparency with respect to the market and correctness of decision-making processes. It sets the principles underlying the management framework by which the TIU Group and its member companies are governed and controlled.
These principles are translated into regulatory documents and determine the efficiency and effectiveness of the control mechanisms adopted to protect and harmonize the interests of all stakeholders – shareholders, directors, officers, managers, employees, customers and business partners, suppliers, central and local authorities, etc.
Our governing principles
Companies have boards of directors or administrators that ensure the management and (internal) control activities.
All companies abide by regulations that promote ethical and responsible behavior - the Code of Business Conduct and Ethics and specific bylaws
The articles of association include clear regulations on financial results reporting
Internal bylaws are in place to ensure control of the functional activities of the operating companies and responsible management of resources.
Internal audits are performed regularly.
Companies are subject to external audit, carried out by one of the world's four largest audit companies.
