The board of auditors is the body that must monitor compliance with the rules by the top management of the companies. The one from Abbanoa believes that the board of directors of the Acqua Sarda Spa has committed "serious irregularities". So much so that the members (Francesco Salaris, Francesca Nocera and Michele Mura Raimondo), through the lawyer Ivan Demuro of the Bologna Bar, presented an appeal to the Court of Cagliari, a section specialized in business matters, to ascertain some serious circumstances which, if confirmed, they could trigger a court case whose consequences are difficult to predict.

The matter emerged with the issuing of a decree by judge Bruno Malagoli who appointed a special curator – Alberto Picciau – to represent Abbanoa in court. Because the members of the Board of Directors find themselves in a condition of conflict of interest, therefore «the company abstractly assumes a position of third party with respect to the position of both the appellants and the directors, having an interest in the correct management of the administration and, therefore, in the verification of the existence of the conduct complained of to the body representing it". In short: Abbanoa, if irregularities were to emerge, would be damaged by incorrect behavior on the part of those who administered it.

The first hearing is set for March 21.

In the evening, Abbanoa's note arrived : «In relation to the news that appeared in some press outlets, it is necessary to clarify that there has been no "commissioning" of the Company nor has any irregularity been ascertained regarding the work of the Board of Directors Administration. Following a report from the Board of Statutory Auditors, the Court of Cagliari limited itself to calling the parties for an adversarial discussion, believing that the Company, to guarantee maximum impartiality, must participate through an ad hoc special prosecutor identified by the same Tribunal. On the merits, the Board of Statutory Auditors' appeal is based on a series of observations which essentially concern communication and information profiles within the Company but do not dispute management aspects. In this regard, it is specified that the Company has always guaranteed its complete availability to allow any necessary control and/or inspection to be carried out by the Board of Statutory Auditors, for which reason the complaints are not understood. The Board of Statutory Auditors, which actively and fully participated in the company's activities, has always been informed, also in light of what it reported in the reports formulated on the occasion of the preparation and approval of the company financial statements, of the company management, without ever raising objections regarding to the actions of the administrators in recent years. It should also be noted that the collaboration with the Area Authority has always been intense and complete, as demonstrated by the absence of comments from the Board of Auditors in recent years. Finally, as regards the relationship with the Shareholders, it is noted that a specific Meeting has been scheduled, which the petitioning Shareholders themselves have requested to postpone. The Company will provide any clarification to the special prosecutor appointed by the Court."

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