The current system is based on a comprehensive approach involving the various corporate functions throughout all the Group's operations.
Key players of the internal control and risk management system
Board of Directors
Provides guidance and regularly assesses the adequacy of the internal control and risk management system.
Control and Risks, Corporate Governance and Sustainability Committee
Supports the Board of Directors by performing activities in preparation for assessments and decisions that concern the internal control and risk management system.
Director Responsible for the internal control and risk management system
Identifies the main risks and implements the internal control and risk management system, constantly monitoring its adequacy and effectiveness.
Head of Internal Audit
Supports the Director Responsible for the internal control and risk management system in identifying and assessing risks as well as monitors whether internal procedures can ensure risks are properly contained.
Chief Financial Officer
Identifies and assesses the risks related to financial reporting, performing the audits required to mitigate the chances of such risks occurring .
Monitors the effectiveness of the Organisational Model (as per Italian Legislative Decree 231/2001) intended to prevent certain criminal offences and considers whether to update it following changes in the corporate structure and/or the relevant regulations.
Board of Statutory Auditors
Independently assesses the effectiveness and operation of the Internal Control and Risk Management System and, if required, makes recommendations to enhance it.