INNOVATEC SPA

Board of Statutory Auditors

The Board of Statutory Auditors is the corporate body that oversees proper administration, in particular the adequacy of the organisational, administrative and accounting structure adopted by the directors and its actual functioning.

 

The Board of Statutory Auditors consists of three standing auditors and two alternate auditors who meet the requirements of integrity and professionalism established by law. The Statutory Auditors act with autonomy and independence and must maintain the utmost confidentiality with regard to the documents and information acquired in the performance of their duties and comply with the procedure adopted for the external communication of documents and information concerning the Company.

Composition of the

Board of Statutory Auditors

STANDING AUDITOR

STANDING AUDITOR

ALTERNATE AUDITOR

ALTERNATE AUDITOR

FUNCTIONS

Board of Statutory Auditors

  • Verification of compliance with the law and the Articles of Association and respect for the principles of proper administration;

  • Verification of the adequacy of the Company’s organisational structure, the internal control system and the administrative and accounting system and verification of the reliability of the latter in correctly representing management events;

  • Procedures for the concrete implementation of the corporate governance rules laid down in codes of conduct drawn up by the management companies of regulated markets or by trade associations, with which the Company, by means of public disclosures, declares that it complies;

  • Verification of the adequacy of the instructions given by the company to its subsidiaries in relation to the information to be provided in order to comply with disclosure obligations;

  • Verification of the compliance of the Procedure on related party transactions adopted by the Company with the principles indicated in the Consob Regulation adopted by resolution no. 17221 of 12 March 2010 as well as compliance with the Procedure itself.