Board of Statutory Auditors

The SEA Board of Statutory Auditors performs the control functions required of it by law and exercises all other duties and powers provided for by the regulations in force for listed companies; it also monitors the independence of the Independent Auditing Firm, verifying both compliance with applicable regulations as well as the nature and extent of services other than statutory auditing of the accounts provided to the Company and its subsidiaries by the appointed independent auditing firm.

Hereinafter the members of the Board of Statutory Auditors in office for the years 2016-2017-2018.

ROLENAME AND SURNAME
Chairman  Rosalba Cotroneo*
Auditors   Rosalba Casiraghi
   Andrea Galli
  Paolo Giovanelli
  Giacinto Gaetano Sarubbi
Alternate Auditors Anna Maria Allievi
  Andrea Cioccarelli

*appointed by the Minister of Economy and Finance with letter dated 16 November, 2016 in place of Rita Cicchiello

Appointment

The Articles of Association, regarding the Board of Statutory Auditors, provides that:

  • it is composed of 5 statutory auditors and 2 alternate auditors;
  • 2 statutory auditors, representatives of State Administration, are automatically appointed, of which one, acting as Chairman of the Board, by the Minister of the Economy and Finance and the other by the Minister of Infrastructures and Transport;
  • appointment of the remaining 3 statutory auditors and 2 alternate auditors takes place via the slate system in accordance with the Articles of Association and in the case of entire renewal of the Board;
  • Auditors remain in office for three financial years, may be re-elected and their term of office expires on the date of the Shareholders Meeting called to approve the Financial Statements relating to the third financial year of office.  

Activity

The Board of Statutory Auditors meets at least every ninety days, in accordance with the provisions of art. 2404 of the Civil Code.

Remuneration

The Shareholders’ Meeting of 4 May 2016 resolved to grant the members of the Board of Statutory Auditors the following gross annual remuneration:
Euro 50.000 to the Chairman
Euro 40.000 to each Statutory Auditor.