Page 81 - Bilancio Sostenibilità Ratti 2020_en

Ratti Group
Sustainability report 2020

Monitoring the governance of the Ratti

BOARD OF DIRECTORS
Appoints and removes members of the Committees

Together with the manager
responsible for drawing up the
BOARD OF STATUTORY AUDITORS RISKS CONTROL COMMITTEE corporate financial statements
Together with the manager responsible and the auditors checks that
the accounting principles are
for drawing up the corporate financial used correctly and consistently
statements and the auditors checks when the consolidated financial
that the accounting principles are statements are prepared
used correctly and consistently when HEAD OF INTERNAL AUDIT
the consolidated financial statements
are prepared
ETHICS COMMITTEE Guarantees that the Group’s
ethical principles are
consistent, examines
and deals with any reports
of violations
Figure 9 – Monitoring the governance of the Ratti Group

The Risks Control Committee monitors the observance and and on an occasional basis to the other supervisory bodies where
periodic updating of the Corporate Governance rules. applicable.
In particular, it assists the BoD in carrying out the duties the Code The Board of Statutory Auditors, in the event of any complaints
assigns to it in matters of internal control and risk management. regarding the balance sheet, the accounting, the internal controls
The Group’s Ethics Committee provides the BoD with information and the financial audit, may request further clarification from the
relating to notifications or opinions requested at least twice a year, Group’s Ethics Committee.

specialised external consultants to meet its needs. partners (consultants, trading partners, agents) and
Where the internal functions mentioned are not suppliers.
present the Textrom, Creomoda and La Maison The Code stipulates the rules of conduct
des Accessoires subsidiaries assist the equivalent that recipients must follow when conducting
offices in Ratti SpA by means of consultancy corporate business and activities, and when
services managed either remotely or in person. managing people and information.
In order to manage any reports of violations
of the Group’s Code of Ethics a procedure has
The Code of Ethics been defined that is valid for all the Group’s
The Group’s Code OF Ethics, updated in 2018, companies.
summarises all elements on which the company’s This identifies the operating modality and the
identity and culture is based, and to which all rules to follow.
subjects must adhere who act in the name of or
on behalf of the Group and, in various ways and
at various levels, maintain relationships with the The Remuneration Committee
different companies. The Directors’ Remuneration Committee, in
The main recipients, who are explicitly referred accordance with the Code of Conduct, consists
to, are: the Directors, the Statutory Auditors, of non-executive directors, the majority of whom
all the employees of all the companies in the are independent. It evaluates the consistency
Ratti Group, all freelance workers, all external and application of the policy for remuneration

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