Internal control

The board of directors is ultimately responsible for the internal audit system. The company has set up a specific Internal Audit function which is entrusted with ensuring constant compliance with internal procedures, of both an operative and administrative nature, established to ensure sound and efficient management and protection of corporate assets.
The board of directors has appointed an officer to run the internal control system, in the person of the head of the Internal Audit function, who is free from hierarchical ties with the operational sectors responsible officers. He reports to the board of directors and the statutory auditors’ committee.