Corporate Governance

Board of Statutory Auditors

The Board of Statutory Auditors oversees the compliance with applicable law and with the Company’s By-laws, as well as observance of the principles of proper management and assesses the adequacy of the internal controls and accounting reporting system adopted by the Company and its implementation.

The Board of Statutory Auditors comprises three Standing Auditors and two Alternate Auditors. Members of the Board of Statutory Auditors are appointed for a three-year term and may be re-elected.

Members of the Board of Statutory Auditors in office at present were appointed on 29 April 2025 and will remain in office until approval by the Shareholders’ Meeting of the financial statements for the year ended 31 December 2027.

 

COMPOSITION


Enrico Fossa - Chairman of the Board of Statutory Auditors and Standing Statutory Auditor

 

Born in Gardone Val Trompia (BS), he graduated in Economics at the University of Pavia. He is enrolled at the Milan Board of Certified Public Accountants and in the Registry of Legal Auditors, as well as on the list of court-appointed technical consultants kept by the Court of Milan, specialized in company and corporate valuations. He is co-founder and name partner of Paroli Bruno Fossa Studio Legale e Tributario and he is associate of Nedcommunity.

He collaborated with firms belonging to the networks of leading companies, such as Arthur Andersen and KPMG, and with magazines specialised in corporate law.

He is currently a member of various board of statutory auditors of companies and multinational groups, such as Samsun Electronics Italia S.p.A., Bystronic Automation Technology S.p.A. and Bystronic Tube Processing S.p.A., as chairman, Rexel Italia S.p.A., ICR S.p.A., Mars Italia S.p.A., Immobiliare Elfin S.p.A., as standing statutory auditor, and Euronics Italia S.p.A., Lactalis Nestlé P.F. Italia S.r.l., Ipsen S.p.A., Medtronic Italia S.p.A. and Pompetravaini S.p.A., as alternate statutory auditor.

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