Internal Committees

Control, Risks and Sustainability Committee

The Control, Risks and Sustainability Committee is composed of three members, of which at least two independent directors and at least one director with significant experience in accounting and finance. The Chairman is selected among the independent directors.

The Control, Risks and Sustainability Committee is an advisory body whose main task is to support, on the basis of an adequate control process, the evaluations and decisions to be made by the Board of Directors in relation to the internal control and risk management system, as well as to the approval of the periodic financial reports and sustainability matters.

The Control, Risks and Sustainability Committee in office at present is composed by Leonardo Luca Etro as Chairman, Silvia Merlo and Cecilia Maria Perotti.

Remuneration Committee

The Remuneration Committee is composed of three members, of which two independent directors and one director with significant experience in finance or remuneration polices. The Chairman is selected among the independent directors.

The Remuneration Committee performs an advisory role for the Board of Directors in matters of remuneration of directors and executives with strategic responsibilities. Its tasks and responsibilities include presenting proposals to the Board of Directors for the definition of a remuneration policy for the members of the Board of Directors and the managers with strategic responsibilities. It reports to the Board of Directors and the Shareholders’ Meeting, at least on an annual basis.

The Remuneration Committee in office at present is composed by Silvia Merlo as Chairman, Paolo Olivieri and Leonardo Luca Etro.

Nomination Committee

IThe Nomination Committee is composed of three members, of which two independent directors. The Chairman is selected among the independent directors.

The Nomination Committee performs an advisory role for the Board of Directors in matters relating to the composition of the Board of Directors and its committees.

The Nomination Committee in office at present is composed by Pietro Gussalli Beretta as Chairman, Licia Mattioli and Paolo Olivieri.

Related Party Transactions Committee

The Related Party Transactions Committee is composed of three members, all independent directors.

The Related Party Transactions Committee formulates non-binding written opinions with respect to related party transactions, including with respect to the convenience and fairness of the conditions of such transactions.

The Related Party Transactions Committee in office at present is composed by Licia Mattioli as Chairman, Silvia Merlo and Pietro Gussalli Beretta.