Pursuant to the By-laws, the Board of Statutory Auditors is composed of three standing members and two alternate members, appointed by the Shareholders’ meeting for a period of three financial years, expiring on the date of the general meeting convened to approve the accounts of the last financial year of their term.
As per the By-laws, the Board of Statutory Auditors is appointed through a slate voting system and ensuring compliance with applicable laws, including in regard of balance between genders.
Members of the Board of Statutory Auditors must comply with normative as well as statutory requirements providing for their independence, professionalism and integrity.
The current Board of Statutory Auditors is composed of three permanent auditors Franca Brusco (Chairwoman) and Donato Pellegrino, both elected by the Shareholders’ Meeting of 29 April 2016, and Mattia Berti, elected by the Shareholders’ Meeting of 20 June 2016; and of two alternate auditors: Maria Teresa Cuomo, elected by the Shareholders’ Meeting of 29 April 2016 and Francesco Schiavone Panni, elected in addition to the Board of Statutory Auditors by the Shareholders’ Meeting of 28 April 2017.
All current members of the Board of Statutory Auditors will remain in office until the Shareholders’ Meeting convened to approve the accounts of the financial year 2018.