Ethics Committee

The Ethics Committee was established in 2000. The objectives of the Ethics Committee are: to ensure the widest possible dissemination, complete observance and correct interpretation of the Company Code of Ethics, as well as to verify, control and evaluate cases of violation of the same, providing for, where appropriate, activation of the competent company departments, urging adoption of the appropriate measures and, finally, to draw up a report at least annually for the Board of Directors of the Company.

The Ethics Committee is composed of the Chairman of the Board of Directors, Michaela Castelli, who chairs the Committee, another non -executive Director, that is the Vice-Chairman Davide Amedeo Corritore, and the heads of the “Human Resources” and “Auditing” departments.

On May 22, 2019, the Board of Directors resolved to grant the Chairman of the Ethics Committee a gross annual compensation of 20,000 euros and each of the other directors who are members of the Committee a gross annual compensation of 10,000 euros.