Statutory Audit Committee
The Statutory Audit Committee, which comprises three standing and three alternate auditors, is responsible for monitoring compliance with the provisions of law and the Company's memorandum of incorporation, with the principles of proper management, and in particular the adequacy of the organizational, administrative and accounting arrangements set in place by the company and their functioning in practice. Appointments to the Statutory Committee are also made on the basis of lists submitted by shareholders in general meeting representing at least the percentage of the company's share capital stipulated in regulatory provisions in force at the time (currently one percent). the mechanism for appointments provides that the Chairman of the Statutory Audit Committee be chosen from the minority list.
| Members | Post held | Term expires |
|---|---|---|
| Marco Reboa* | Chairman | FY ending 30/6/11 |
| Maurizia Angelo Comneno | FY ending 30/6/11 | |
| Gabriele Villa | FY ending 30/6/11 | |
| Guido Croci | Alternate | FY ending 30/6/11 |
| Umberto Rangoni | Alternate | FY ending 30/6/11 |
* Minority shareholders' representative