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Società per azioni (S.p.A. or spa) is a form of corporation in Italy, meaning 'company with shares' (although often translated as 'joint-stock company', which may or may not be a limited liability entity). It is more or less equivalent to S.A. or public limited company (PLC) in other countries.
History. Founded On 1899. In 1934 Have New SPA Logo. In 1987 Have An Current Logo. Was Created By Fiat.
Enel is the 59th largest company in the world by revenue, with $147.79 billion in 2023.[10] As of 2018, Enel is also the second largest electric utility company in the world by revenue after the State Grid Corporation of China.[11] The company is quoted on the FTSE MIBindex on the Borsa Italiana. [9] History.
- Share Capital and Shares
- Shareholders’ Meetings
- Managing Body
- Control Body and Audit
S.p.A. share capital may not be lower than € 50,000.00, and is divided into “shares”, which can be physically issued or dematerialized. Capital can be paid up either by cash contribution or, whereby expressly provided in the Memorandum of Association, as an in-kind contribution or contribution of receivables, whose value shall be equal to the amoun...
The Shareholders’ Meeting is the S.p.A.’s sovereign corporate body, i.e. the forum within which its shareholders form their will as to the company, then implemented by the managing body. The shareholders pass resolutions collectively. Resolutions legitimately passed during the meeting are binding for all shareholders, including those absent and tho...
The managing body is responsible for the management of the company. In performing ordinary and extraordinary management tasks, it is not bound to seek approval from shareholders for its actions, except for corporate administration acts expressly subject to shareholders’ approval as by law. In any event, the managing body composition depends on the ...
The control body is responsible for overseeing company management and/or auditing its accounts, although the latter may also be entrusted to an independent auditing firm. Within the so-called “ordinary” model of corporate governance management control is entrusted to a Board of Auditors composed of either 3 or 5 statutory auditors and 2 alternate s...
The joint-stock company (S.p.A. or Società per Azioni) is certainly the prototype of limited liability companies and is the main trading company model most suitable for large investments.
In this article, we’ll discuss the different forms of legal entities in Europe, including private and public limited companies, limited partnerships, sole proprietorships and associations. We also look at associated aspects such as corporate governance, accounting, and status declaration.
Società per azioni (S.p.A. or spa) is a form of corporation in Italy, meaning "company with shares" (although often translated as "joint-stock company", which may or may not be a limited liability entity). It is more or less equivalent to S.A. or public limited company (PLC) in other countries.
