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 23rd, 2021 and shall remain in office until the financial statements at December 31st, 2023 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.

 

Raffaella Pagani

Chairperson of the Board of Statutory Auditors

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Raffaella Pagani

Chairperson of the Board of Statutory Auditors

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With a first-class honors degree in Economics and Business from Bocconi University, she has been registered as a chartered accountant in Milan since 1996, on the Register of Legal Auditors since 1999, as well as the Register of Technical Consultants to the Court of Milan, the Register of Insolvency Practitioners of the Court of Milan and the Register of Accountants of Local Authorities. She practices in her own firm in Milan (Studio Associato Pagani).
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Patrizia Arienti

Statutory Auditor

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Patrizia Arienti

Statutory Auditor

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Holding a degree in Economics and Business from Università Cattolica di Milano, she has been registered as a chartered accountant in Milan since 1988, on the Register of Legal Auditors since 1995. Attended specialization courses at Kellogg Graduate School of Management and SDA Bocconi. Entered Deloitte in 1985 and developed her professional career by auditing some of the most important Italian and international Groups until she was appointed Italian Consumer Industry leader and became part of the North South Europe Leadership Team of Deloitte for the same sector.
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Dario Righetti

Statutory Auditor

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Dario Righetti

Statutory Auditor

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Holding a degree in Business Economics from Università Luigi Bocconi, he has been registered as a chartered accountant in Milan since 1993, on the Register of Legal Auditors since 1995. Attended specialization courses at IMD in Lausanne. He entered Andersen in 1981 where he developed his professional career until he became responsible for the sector Consumer & Industrial Products of Deloitte Italia (2005 until 2018), and a member of the  EMEA Leadership Team of Deloitte for the same sector from 2014 until 2018.
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Maria Venturini and Grange Alessandro are alternate auditors

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.

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