Board of Statutory Auditors

The 2016 Shareholders' Meeting (3 May 2016) appointed the new Board of Statutory Auditors, which will remain in office until the approval of the financial statements as at 31 December 2018 and consists of three standing auditors and three alternate auditors in compliance with the gender balance criterion prescribed by current laws and regulations.

In accordance with the Articles of Incorporation, the Shareholders' Meeting held on 3 May 2016 elected the Board of Statutory Auditors, consisting The Board of Statutory Auditors is appointed on the basis of lists presented by Shareholders, which, in compliance with Article 147-ter, paragraph 1-bis of the Consolidated Finance Act (referenced by Article 148, paragraph 2 of the Consolidated Finance Act), must be filed at least twenty-five days prior to the date of the Shareholders' Meeting.

If, at the expiration of the term for the presentation of the lists as indicated above, a single list was filed, or only lists presented by mutually connected shareholders, according to the definition set out in the applicable regulations, were filed, then lists may be presented – in accordance with Article 144-sexies, paragraph 5 of the Issuers' Regulations – until the third day after that date. In this case, the thresholds required for presentation of the lists are halved. 

Lists are made available to the public at least twenty-one days prior to the Meeting.

Standing Auditors

Elena Spagnol*
Chairman
Lelio Fornabaio*
Statutory Auditor
Stefano Remondini*
Statutory Auditor

Alternate Auditors

*The Board of Statutory Auditors, appointed by the Shareholders' Meeting on 3 May 2016, has informed the Board of Directors, during the meeting held on 12 May 2016, regarding its positive evaluation of the independence of its members based on the criteria set forth by the Consolidated Finance Act, the principles of conduct of the Board of Statutory Auditors issued by the Italian National Councils of Professional and Certified Public Accountants (Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili) and the Corporate Governance Code promoted by Borsa Italiana S.p.A., such evaluation being confirmed by the Board of Directors based on the same criteria and the information provided by the members of the Board of Statutory Auditors.

(Source: ERG Report on Corporate Governance and Ownership at 31.12.2016)

Composition of the Board of Statutory Auditors

Auditors   Office Independent

Other offices in unlisted companies of significant
size or financial, banking or insurance companies

Elena Spagnol   Standing   x  -
Lelio Fornabaio Standing x 4
Stefano Remondini Standing x -
Vincenzo Campo Antico Alternate x  
Luisella Bergero Alternate x
Paolo Prandi Alternate x
(Source: Executive Summary, ERG Report on Corporate Governance and Ownership at 31.12.2016)