Internal Control Committee

 Internal Control Committee
 Massimo Belcredi  Chairman
 Antonio Guastoni  
Paolo Francesco Lanzoni  

The members of the Internal Control Committee have adequate experience in accounting and finance.

The Chairman of the Board of Statutory Auditors or another Statutory Auditor takes part in this Committee’s work. In addition, the Chairman of the Board of Directors (in his role as director appointed to oversee the functioning of the Internal Control System), the Chief Executive Officer and the Director of Finance, Administration and Control may also participate.
Depending on the topics discussed, Group management representatives also take part in the Committee’s meetings.

The Committee organises its tasks in such a way as to combine comprehensive information flows and efficiency of operation with maximum independence of its members.
In particular, the resolution phase takes place in the absence of other parties.

Mission

The Internal Control Committee advises and issues recommendations to the Board of Directors and fulfils the role and responsibilities indicated in the Corporate Governance Code.
To optimise its performance, the Committee may use the services of external consultants at the company’s expense.
 

In 2010 the Committee held 13 meetings during which, besides a preview of the annual financial statements and half-yearly report, issues were discussed in the following macroareas: Corporate Governance, Control Systems, Legislative Decree 231/01, Risk Management and Administration, Reporting and Tax Area.