Page 77 - Ratti Group - Sustainability report

The Risks Control Committee and risk management
The Risks Control Committee monitors the observance and periodic updating of the Corpo- rate Governance rules. In particular, it assists the B.o.D. in carrying out the duties the Code assigns to it in matters of internal control and risk management
More specifically, the Risks Control Committee:
Checks, together with the manager responsible for corporate financial and governance reporting, that the accounting standards adopted are used correctly and are uniformly applied in drafting the consolidated financial statements;
Supports the Board of Directors, along with the Director Responsible and Internal Audit, in pursuing the objective of steadily and continuously improving the Internal Control and Risk Management System instituted by the Ratti Group;
Monitors the autonomy, adequacy, e ciency and e ectiveness of the Internal Audit de- partment;
Supports, through its preliminary activities, the assessments and decisions of the Board of Directors relating to managing risks resulting from detrimental facts that come to the Board of Directors’ attention;
Expresses reasoned non-binding opinions on the interests of the Company when it exe- cutes transactions with related parties, on the expediency and substantive probity of the re- lated conditions, and, periodically, on the e ectiveness of the Procedure governing related party transactions adopted by the Company;
May perform further duties assigned to it by the Board of Directors.
RATTI GROUP | SUSTAINABILITY REPORT 2017
Control instruments
The Executive Committee checks,
together with the manager responsible
for corporate financial reporting
and the auditors, that the accounting standards adopted are used correctly and uniformly applied in the drafting of the consolidated financial statements.
Reports to the B.o.D.
on the adequacy
of the Internal
Control and Risk Management System
Examines the work plan and the regular reports prepared by the Head of the Audit Function
BOARD OF DIRECTORS
Appoints and removes members of the committee
SUPERVISORY BODY
RISKS CONTROL COMMITTEE
HEAD OF THE AUDIT FUNCTION
COMPOSITION OF THE RISKS CONTROL COMMITTEE
At 31 December 2017 the R.C.C. was composed of:
SERGIO MEACCI (INDEPENDENT DIRECTOR) FEDERICA FAVRIN
CARLO LAZZATI (INDEPENDENT DIRECTOR)
CHAIRMAN MEMBER MEMBER
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