Corporate bodies

The Internal Control Committee, appointed by the Board of  Directors on April 23, 2009, is composed by these members of Board of Directors:


Carlo Secchi  (Chairman - Independent Director)
Alfredo Messina (Non executive Director)
Attilio Ventura (Independent Director)


The Internal Control Committee will remain  in office for the same time period as that of the mandate of the Board of Directors (until the approval of the Financial Statement 31.12.2011). In addition to assisting the Board of Directors in the performance of its duties as set out in the Company Corporate Governance Code relating the internal control system, the Internal Control Committee:

a) assesses, on a joint basis with the executive responsible for preparing the company's accounting documents and the auditors, the correct application of the accounting principles and, in the case of groups, the consistency of same for the purposes of preparing the consolidated balance sheet;

b) at the request of the executive director appointed for this purpose, expresses opinions on specific issues relating to the identification of the main risks to which the company is exposed, as well as on the design, implementation and management of the internal control system;

c) reviews the work plan prepared by the officers in charge of internal control as well as the periodic reports prepared by them;

d) assesses the proposals submitted by firms of auditors seeking to be engaged, in addition to the work plan prepared for the audit and the results described in the report and the letter of recommendations, if any;

e) supervise the validity of the audit process;

f) perform any additional duties assigned to it by the Board of Directors;

g) report to the board, at least once each half year, at the time of approval of the balance sheet and the half yearly report, on the work performed and on the adequacy of the internal control system.

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