Board of Statutory Auditors
Control body
The Board of Statutory Auditors monitors compliance with the law, the Articles of Association and with principles of proper administration.
The current Board of Statutory Auditors, consisting of three statutory auditors and two alternate auditors, was appointed by the Shareholders' Meeting held on April 24th, 2024 and shall remain in office until the financial statements at December 31st, 2026 is approved.
Composition
As set down by legislation, by our Articles of Association and by the Corporate Governance Code for Listed Companies, statutory auditors must meet specific requirements of integrity, professionalism and independence.
Our Board of Statutory Auditors goes beyond the standards on gender balance set by the Golfo-Mosca Law: two thirds of them are women. The auditors are in office for three terms and can be re-elected.
- Chairperson: Gabriella Chersicla
- Statutory Auditor: Patrizia Arienti
- Statutory Auditor: Alfredo Malguzzi
Appointment
The Shareholders' Meeting elects the Board of Statutory Auditors and decides on their compensation. Minority shareholders have the right to elect a Statutory Auditor and an Alternate Auditor. The appointment of the Board of Statutory Auditors takes place on the basis of lists submitted by shareholders and/or groups of shareholders who collectively hold shares with voting rights representing at least 1% of the share capital or the different measure established annually by CONSOB.
Functions
The Board of Statutory Auditors monitors compliance with legislation, internal regulations and with principles of proper administration. It verifies the adequacy of the company's management, organizational and accounting structures and ensures its correct functioning.
Interactions
The Board of Statutory Auditors interacts continuously with other participants in the Internal Audit and Risk Management System. It maintains a regular exchange of information with the audit firm and monitors the validity of its independence requirements. The Board of Statutory Auditors meets jointly with the Risk Control and Sustainability Committee for the issues of common interest under discussion. It also takes part in the meetings of the Remuneration and Appointments Committee and coordinates, through information exchange, with the Group Internal Audit and Risk Management Officer, Head of Internal Audit and with the Supervisory Board.
In its capacity as “Committee for internal audit and accounting audit”, the Board of Statutory Auditors also carries out of the supervisory activities as set down by art. 19 of Legislative Decree 39/2010.
The Board of Statutory Auditors met 17 times over the course of 2021 and at least 5 meetings are scheduled for 2022.
