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25

SEA

Good corporate governance is central

to Costa Cruises’ sustainable business

success and is strictly related to

promoting high ethical standards and

transparency in all Company activities,

safeguarding the interests of all our

stakeholders.

Costa Cruises’ corporate governance

system is based on international best

practices in line with the directives of

Carnival Corporation&plc.

The Company also has a

Business

Management Model

in accordance

withtheprovisionsof LegislativeDecree

no. 231/2001, which plays a part in

guaranteeing transparency values and

corporate accountability when dealing

with internal and external stakeholders.

In 2015 there were 4 management

review meetings held to discuss critical

issues and nonconformities, which

were dealt with in compliance with the

set procedures.

Governance system

In a global market like the cruise industry, vision,

efficiency and the capacity to invest in renewal of

the fleet and the product are key to a successful

sustainability strategy. For Costa Cruises, being part

of

Carnival Corporation

means having access to

financial resources, techniques and expertise that

only a large-scale enterprise can provide. The ready

availability of these kinds of capital, deployed in

the context of a model of development that also

capitalizes on inimitable Italian style and hospitality,

enables Costa Cruises to make the most effective

choices combining business and sustainability goals.

The resulting business setting guarantees

continuity

in terms of the creation of wealth

(cruise

industry and market) while working with a long-term

approach to the sustainable development of the

Company.

Vision - Carnival

Corporation