The Supervisory Body is responsible for monitoring the functioning and effective implementation of the Organization, Management and Control Model adopted by the company.
Role
CIR has adopted an Model of Organization, Management and Control pursuant to Legislative Decree 231/2001, aimed at preventing the commission of crimes relevant to the administrative liability of companies. The Model is periodically updated to reflect regulatory and organizational developments: the latest version was approved by the Board of Directors on July 31, 2023.
In accordance with Articles 6 and 7 of the Decree, the Supervisory Body must:
- monitor compliance with the Model by the recipients;
- monitor the effectiveness and adequacy of the Model in relation to the corporate structure and its actual ability to prevent the commission of crimes;
- propose to the Governing Body updates to the Model where adjustments are necessary in relation to changes in corporate conditions, legislation, or the external context.
The Supervisory Body is not assigned operational tasks or decision-making powers, even of a preventive nature, relating to the company’s activities.
The Supervisory Body must also operate:
- ex-ante (e.g., providing training and information to staff);
- continuously (through monitoring and supervision, as well as by proposing revisions and updates to the Model);
- ex-post (analyzing causes and circumstances that led to violations of the Model or the commission of an Underlying Offense).
Composition
The Supervisory Body of CIR is collegial in nature and is appointed by the Board of Directors. It is currently composed of:
- Lawyer Alessandro Musella;
- Dr. Mario Chiodi;
- Dr. Ezio Pagliano, Head of the Internal Audit function.
