Corporate Governance in Luxottica
Shareholders' Meeting, Board of Directors and Board of Statutory Auditors are the basis of the management and control system
The Luxottica governance system - based on a traditional management and control system - is characterized by the presence of:
- the Stockholders' Meeting, which has the power to vote - both in ordinary and extraordinary meetings - among other things, upon (i) the appointment and removal of the members of the Board of Directors and of the Board of Statutory Auditors and their remuneration, (ii) the approval of the annual financial statements and the allocation of profits, (iii) amendments to the Company's by-laws;
- a Board of Directors, responsible for the management of the Company; from among its members it appoints a Control and Risk Committee and a Human Resources Committee.
|Luigi Francavilla||Deputy Chairman|
|Francesco Milleri||Deputy Chairman – Chief Executive Officer|
|Marco Giorgino||Member of the Human Resources Commitee|
|Elisabetta Magistretti*||Chairperson of the Control and Risk Committee|
|SaBrina Pucci||Member of the Human Resources Commitee|
|Karl Heinz Salzburger*||-|
|Luciano Santel*||Member of the Control and Risk Committee|
|Cristina Scocchia*||Member of the Control and Risk Committee|
|Andrea Zappia*||Chairman of the Human Resources Committee|
*Director having the independence requirements set out in article 148, paragraph 3, Legislative Decree 58/1998, as mentioned in article 147 ter Legislative Decree 58/1998, and in article 3 of the Code of Conduct issued by Borsa Italiana S.p.A.
|CONTROL AND RISK COMMITTEE|
|HUMAN RESOURCES COMMITTEE|
- a Board of Statutory Auditors, responsible for, among other things, overseeing compliance with the law and with the Company by-laws, its principles of governance and organizational model. The board of auditors also acts as an audit committee under the Sarbanes Oxley Act;
|BOARD OF STATUTORY AUDITORS|
|Francesca Di Donato||Alternate Auditor|
|Maria Venturini||Alternate Auditor|
The Company’s accounts are audited by a firm of accountants registered with CONSOB and appointed by the Shareholders’ Meeting.
|Auditing Company in office until the approval of the Financial Statements as of December 31, 2020||PricewaterhouseCoopers S.p.A.|
More information on Luxottica Group’s Corporate Governance are available in the Report on Corporate Governance