Monday, November 24, 2025

Eni's Boardwashing

 


I want to share a reflection that has accompanied me for more than 24 long and painful years:


πŸ“Œ What does Corporate Governance really mean when the very Board of Directors does not uphold what it claims to defend?

Eni, one of the largest energy companies in the world, has the Italian Government as its controlling shareholder, appointing the CEO, the Chairman, and the majority of the so-called “independent directors”.

Therefore, more than an ordinary corporation, Eni should be a global model of integrity and respect for its own Code of Ethics. But here is the question that has remained unanswered since 2001:

πŸ“Œ Why have none of Eni’s five Board compositions (2002, 2009, 2014, 2020, and 2023) taken any concrete action regarding my reports on the Flinto Case?

My unfair dismissal in 2001 - demonstrably recognized as retaliation - violated both my rights and the spirit of Eni’s "Charter of Values", which claimed to protect those who act ethically. Which claimed to protect whistleblowers.

And since then, what have I encountered?
Silence.
Self-serving narratives.
Frustration in every attempt at dialogue.
Systematic retaliation, including three SLAPP lawsuits filed against me in Rome - in 2010, 2017, and 2022.

And the Board?
Isn’t it the “personification” of Corporate Governance?
Isn’t it the “Guardian of Ethics”?
Shouldn’t the Board be the first to guarantee integrity and protection for whistleblowers?

No action.
No real investigation.
No accountability.

And this leads us to the central point:

✅ “When a Board exists but refuses to confront - openly and courageously - cases like mine, that is not governance. It is theatre".

In truth, it is BOARDWASHING: a deceptive appearance of oversight created to preserve reputation while preventing ethics from producing real consequences.

And now, in 2025, something even more serious has become evident:

πŸ“Œ After more than two decades, Eni finally accepted my complaint - not because it recognized the facts, but merely to comply with the requirements of ISO 37301:2021.

The result?
A fake investigation, superficial and devoid of any analysis of the evidence, concluded with an evasive, standardized response — a template designed to close complaints without admitting anything.

An attempt to:
✔ simulate compliance
✔ fulfill an ISO checklist
✔ avoid accountability
✔ sustain a narrative already dismantled by irrefutable facts and evidence
Corporate Governance is not aesthetics, not slides, not an annual report.

Governance is the courage to act when ethics demand action.
It is independence.
It is truth.
It is accountability.

And until this exists - in any country, any market, any company - we will continue watching the same play. Only with different actors.

BOARDWASHING is global.

And the Flinto Case is one more example - but one that has persisted for 24 years.

And as long as it persists, I will continue speaking about it.