FEEM is an independent foundation officially recognized by the President of the Italian Republic in 1989. FEEM has been founded by Eni and 9 of its subsidiaries with an initial endowment of 13 million Euro.
The governance rules, functions and powers of FEEM bodies are set out by the Bylaws. FEEM is guided by a Board of Directors with complete powers for the ordinary and extraordinary administration. The Board is composed of fifteen members and it is chaired by Emma Marcegaglia. The Board of Directors is committed to overseeing the main activities of the Foundation, approving the annual budget and related activities.
FEEM bodies also include the Scientific Advisory Board (Comitato Scientifico), made of nine qualified experts from the scientific, academic and cultural communities and appointed by the Board of Directors. The Scientific Advisory Board provides recommendations on research activities and oversees the work in progress.
The Audit Committee (Collegio dei Revisori), in compliance with the Italian legislation, is composed of three qualified and certified accountants and its Chairman is appointed by the Italian Minister for the Economic Development.
The Executive Director enacts the decisions of the Board of Directors, managing and coordinating the activities of the Foundation, including its offices and staff.
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