Board of Statutory Auditors

The Board of Statutory Auditors monitors compliance with the law and the Company’s bylaws, compliance with the principles of proper administration, the adequacy of the Company’s organisational structure, the internal control system and the administrative-accounting system, as well as its reliability in correctly representing management facts.
 
The Board of Statutory Auditors also performs functions controlling how the corporate governance rules laid down in the Corporate Governance Code are actually implemented, as well as the adequacy of the provisions issued to subsidiaries in relation to their obligations to disclose inside information to the market.
 
Further tasks of the Board of Statutory Auditors include the obligation to monitor compliance with the procedure regarding related party transactions, , as well as formulating the reasoned proposal to the meeting for the assignment of the task of certifying sustainability reporting. 
 
The Board of Statutory Auditors is also required to perform the functions assigned by the legislation to the “Internal Control and Audit Committee”, established by Legislative Decree no. 39 of January 27, 2010, implementing the EU Directive on the statutory audit of annual and consolidated accounts, such as monitoring the process of financial reporting and, from 2024, sustainability reporting, as well as verifying the independence of the Independent Auditors and, as of 2024, of the auditor in charge of certifying the Sustainability Report.

All auditors will remain in office until the shareholders' meeting called to approve the financial statements as at 31 December 2027.