The Board of Statutory Auditors, composed of three standing auditors and three alternate auditors, carries out the functions of supervision and control.
The Board of Statutory Auditors, nominated at the Shareholders Meeting of 8 June 2020, will be in power until the Shareholder Meeting to approve results to 31 December 2022.
The Board of Statutory Auditors is nominated by the Shareholders Meeting on the basis of slates presented by shareholders who, individually or together with others, represent at least 2.5% of company capital.
Minority shareholders can elect a standing auditor and an alternate auditor, but in the event that a single slate is presented – as happened in 2020 – all the standing and alternate auditors are drawn from this. The candidate slates cannot include people who are already standing auditors in five other companies or listed entities. Auditors can remain in power for three years and can be re-elected.
Composition and role
The Board of Statutory Auditors monitors the effectiveness of the control and risk management system. In conducting its functions, it interfaces with the Control, Risks and Sustainability Committee and with the manager responsible for Internal Audits through a constant exchange of information. In particular, it can ask the head of the Internal Audit function to carry out checks on specific operating domains or corporate transactions, informing the Chairman of the Board of Directors.
CHAIRMAN AND STANDING AUDITOR
Luigi Macchiorlatti Vignat
Participation in meetings of the Board of Statutory Auditors
The table indicates the participation of auditors in meetings of the Board of Statutory Auditors in 2020. The Board, appointed in June 2020 and currently in office, met six times in 2020; the Board with mandate until June 8, 2020 met six times.
Participation in 2019 meetings of the Board of Statutory Auditors
|societa||Name||Role||% of participation|
|COFIDE PRE-MERGER||Antonella Dellatorre||Standing auditor||100%|
|COFIDE PRE-MERGER||Tiziano Bracco||Standing auditor||100%|
|COFIDE PRE-MERGER||Paola Zambon||Alternate auditor|
|COFIDE PRE-MERGER||Luigi Macchiorlatti Vignat||Alternate auditor|
|COFIDE PRE-MERGER||Luigi Nani||Alternate auditor|
|CIR PRE-MERGER||Pietro Manzonetto||Chairman||100%|
|CIR PRE-MERGER||Anna Maria Allievi||Standing auditor||100%|
|CIR PRE-MERGER||Riccardo Zingales||Standing auditor||100%|
|CIR PRE-MERGER||Luca Valdameri||Alternate auditor|
|CIR PRE-MERGER||Luigi Macchiorlatti Vignat||Alternate auditor|
|CIR PRE-MERGER||Paola Zambon||Alternate auditor|