It is via the Control, Risk and Sustainability Committee, established in 2002, that the Board of Directors exercises its control and management of corporate risks.
The Committee is responsible for identifying corporate risks and submitting them to the Board of Directors, as well as implementing the guidelines of the same through planning, management and monitoring of the internal control system. On 31st of July, 2018 the Board of Directors resolved to extend the functions of Control and Risk Committee to the sustainability matters, related to social and environmental impacts of the company’s activities provided for by decree no.254/2016 about non-financial information.
Currently, the Control, Risk and Sustainability Committee consists of the following Directors:
- Pierfrancesco Barletta
- Patrizia Michela Giangualano
- Rosario Mazza
The Director who chairs the Control, Risk and Sustainability Committee is Patrizia Michela Giangualano.
Meetings of the Committee are attended by the Chairman of the Board of Statutory Auditors or another Statutory Auditor.
The composition, functioning, organization and activities of the Control, Risk and Sustainability Committee are governed by specific regulations approved on 24 July 2008 and amended on 31st July 2018.
On 22 May 2019, the Board of Directors resolved to grant the Chairman of the Control, Risk and Sustainability Committee a gross annual remuneration amounting to Euro 20.000 and other members of the Committee a gross annual remuneration amounting to Euro 10.000 each. Rosario Mazza renounced the remuneration.