Control and Risk Committee (previously Internal Control Committee)

According to article 7 of the Corporate Governance Code Issued by Borsa Italiana, on April 27, 2012 the Board of Directors appointed the following individuals to be members of the Control and Risk Committee, each of whom is a non-executive, independent director: Mr. Mario Cattaneo, (Chairman), Mr. Marco Reboa, Ms Elisabetta Magistretti and Mr. Marco Mangiagalli.
Each of them has a strong background and significant experience in accounting and finance.

The Committee is responsible for performing investigations, providing advice and submitting proposals to the Board of Directors.
In particular, it performs the following activities:

• assists the Board of Directors in the execution of its internal controls tasks and mandates;
• evaluates the planned initiatives and projects of the Internal Control Officer (ICO);
• reviews and assesses the regular reports issued by the ICO;
• assesses, together with the manager responsible for the preparation of the Company’s accounting records and the managers and the auditors, the proper use and application of accounting principles;
• assesses the results of the activities performed by the Internal Auditing function;
• monitors the effectiveness of the auditing process;
• expresses opinions concerning the identification of corporate risks as well as the planning, implementation and management of the internal control system. 

For further information, please see the Annual report on Corporate Governance

Meeting attendance during 2012

Number of meetings held in year 2012: 11