Page 90 - Ratti_bilancio di sostenibilità_2021_en

RATTI GROUP | SUSTAINABILITY REPORT 2021

Figure 9 – Monitoring the governance of the Ratti Group

BOARD OF DIRECTORS
Appoints and removes members of the Committees

RISKS CONTROL COMMITTEE
THE BOARD OF STATUTORY
AUDITORS Reports to the BoD on the adequacy of the internal
Together with the manager responsible control and risk management system
for drawing up the corporate financial
statements and the auditors checks that the
accounting principles are
used correctly and consistently HEAD OF INTERNAL AUDIT
when the consolidated financial statements Examines the work plan and the periodic reports
are prepared. prepared by the head of the Audit function

ETHICS COMMITTEE
Guarantees that the Group’s ethical principles are consistent,
examines and deals with any reports of violations

Monitoring the governance of the Ratti Group

The Risks Control Committee monitors the periodic information of a non-financial l Reports to the Board of Directors, at
observance and periodic updating of the nature for the purposes of the internal least on occasion of the approval of
Corporate Governance rules. control and risk management system; the annual and half-yearly financial
In particular, it assists the Board of statements, on the activities which
l Expresses a view on specific aspects
Directors in carrying out the duties the have been carried out and the
inherent to the identification of the
Code assigns to it in matters of internal adequacy of the internal control and
main corporate risks and supports
control and risk management. More risk management system;
the assessments and decisions of
specifically, the Risks Control Committee:
the Board of Directors in relation to l Expresses, giving reasons,
l Evaluates, having communicated with risks deriving from prejudicial factors a non-binding opinion on the interests
the director responsible for preparing which have come to the latter’s of the issuer on the conclusion of
the company’s financial statements, attention; translations with related parties,
the statutory auditor and the control on the benefit and accuracy in
l Examines the periodic reports as well
body, that the accounting principles substance of the related conditions
as those of particular importance
have been correctly applied and, in and, periodically, on the validity of
prepared by the internal audit
the case of groups, are in line with the procedure governing transactions
function;
the draft consolidated financial with related parties adopted by the
statements; l Monitors the autonomy, adequacy, Company;
effectiveness and efficiency of the
l Assesses the extent to which periodic l May carry out further tasks it may be
internal audit function;
information – whether financial or assigned by the Board of Directors.
non-financial – correctly represents l May task the internal audit function The Board of Statutory Auditors, in the
the business model, the company’s with the job of carrying out event of any complaints regarding the
strategies, the impact of the verifications on specific operational balance sheet, the accounting, the
company’s activities and the results areas, at the same time providing internal controls and the financial audit,
obtained; communication of this to the
may request further clarification from the
chairman of the control body;
l Examines the contents of significant Group’s Ethics Committee.

88