Control, risk and sustainability committee

The Board of Directors has instituted, within the board, a Control, Risks and Sustainability Committee. It is composed of six independent directors and endowed with the functions of consultation and proposal.

Composition

CIR’s Control, Risks and Sustainability Committee brings together non-executive and independent directors who have experience in matters of accountancy, finance and/or risk management.

Silvia Giannini

Chairman – Non-executive and independent director

Maristella Botticini

Non-executive and independent director

Paola Dubini

Non-executive and independent director

Pia Hahn Marocco

Non-executive and independent director

Francesca Pasinelli

Non-executive and independent director

Maria Serena Porcari

Non-executive and independent director

Role and functions

The Control, Risks and Sustainability Committee has functions of consultation, proposal and monitoring regarding the System of Control and Risk Management, assisting the Board to guarantee the achievement of the efficiency goals of company operations, trustworthiness of financial information, compliance with laws and regulations and protection of company assets. In particular, the Committee:

  • verifies, together with the manager responsible for the drafting of the company’s accounting documents and after having heard the opinions of the external auditors and the Board of Statutory Auditors, the correct application of accounting principles and their homogeneity for the purposes of drafting of the financial statements, and presents the results of its verification to the Board of Directors
  • expresses opinions on specific aspects of the identification, measurement, management and monitoring the principle company risks
  •  reviews the reports relative to the evaluation of the Control System and Risks Management prepared by the internal audit function, and refers its findings to the Board
  •  refers to the Board of Directors every six months, on the occasions of the approval of the annual and half-yearly financial reports, on the activities and adequacy of the Control System and Risks Management
  •  reviews the auditing plan and proposes its adoption to the Board of Directors

The Chairman of the Board of Statutory Auditors, or another director indicated by the chairman, participates in the work of the committee.

Participation in the meetings of the Control, Risks and Sustainability Committee

The table presents the participation of directors, in percentages, in the meetings of the Control, Risks and Sustainability Committee. In 2019, the Committees of COFIDE met five times.

Participation in the 2019 meetings of the Control, Risks and Sustainability Committee

COFIDE PRE-MERGER

AZZERA_FILTRI_NO

societaNameRole % of partecipation
COFIDE PRE-MERGERMassimo CremonaChairman100%
COFIDE PRE-MERGERPaola DubiniCommittee Member100%
COFIDE PRE-MERGERFrancesco GuastiCommittee Member100%
COFIDE PRE-MERGERPia Hahn Marocco Committee Member100%
COFIDE PRE-MERGERMaria Serena PorcariCommittee Member100%
CIR PRE-MERGERGiannini SilviaChairman100%
CIR PRE-MERGERBotticini MaristellaCommittee Member100%
CIR PRE-MERGERFrancesca PasinelliCommittee Member100%
CIR PRE-MERGERClaudio RecchiCommittee Member80%