The Board of Statutory Auditors has a key role in our corporate governance system.
The statutory auditors participate in the meetings of the Board of Directors and the Executive Committee, and receive information from the corporate bodies with delegated powers.
The Board of Statutory Auditors supervises:
It likewise supervises the internal control system and the administrative and accounting mechanisms, as well as the reliability of the latter in correctly representing transactions. The Board of Statutory Auditors draws up reasoned proposal for the shareholders’ meeting for the appointment of the external auditors and monitors the independence of the auditing firm over time.
Finally, the Board of Statutory Auditors undertakes the tasks of:
The Board of Statutory Auditors has economic independence to be able to acquire technical and professional consultancy.
Corporate Governance code