Internal Committees

Control, Risks and Sustainability Committee
The Control, Risks and Sustainability Committee is composed of three members, all non executive, of which at least two with the requirements of independence envisaged by Article 147-ter, paragraph 4 of the Italian Consolidated Law on Finance and Article 2, Recommendation 7 of the Corporate Governance Code and at least one director with significant experience in accounting, finance or risk management. The Chairperson is selected among the independent directors.

The Control, Risks and Sustainability Committee has preliminary, propositional and consultative functions and supports the evaluations and decisions to be made by the Board of Directors in relation to the internal control and risk management system and to the approval of the periodic financial reports, as well as on sustainability matters.

The Control, Risks and Sustainability Committee in office at present is composed by Leonardo Luca Etro as Chairman, Silvia Merlo and Cecilia Maria Perotti.
Regulation of the Control, Risks and Sustainability Committee
Remuneration Committee
The Remuneration Committee is composed of three members, all non executive, of which at least two with the requirements of independence envisaged by Article 147-ter, paragraph 4 of the Italian Consolidated Law on Finance and Article 2, Recommendation 7 of the Corporate Governance Code and at least one director with significant experience in financial matters or remuneration polices. The Chairperson is selected among the independent directors.

The Remuneration Committee has preliminary, propositional and consultative functions and supports the evaluations and decisions to be made by the Board of Directors in relation to the definition of the remuneration policy of executive directors and managers with strategic responsibilities.

The Remuneration Committee in office at present is composed by Silvia Merlo as Chairperson, Paolo Olivieri and Leonardo Luca Etro.
Regulation of the Remuneration Committee
Nomination Committee
The Nomination Committee is composed of three members, of which at least two with the requirements of independence envisaged by Article 147-ter, paragraph 4 of the Italian Consolidated Law on Finance and Article 2, Recommendation 7 of the Corporate Governance Code. The Chairperson is selected among the independent directors.

The Nomination Committee has preliminary, propositional and consultative functions and supports the Board of Directors in matters relating to the evaluation and definition of the optimal composition of the Board of Directors and its committees.

The Nomination Committee in office at present is composed by Pietro Gussalli Beretta as Chairman, Licia Mattioli and Paolo Olivieri.
Regulation of the Nomination Committee
Related Party Transactions Committee
The Related Party Transactions Committee is composed of three members, all with the requirements of independence envisaged by Article 147-ter, paragraph 4 of the Italian Consolidated Law on Finance and Article 2, Recommendation 7 of the Corporate Governance Code.

The Related Party Transactions Committee formulates non-binding written opinions with respect to related party transactions, including with respect to the convenience and fairness of the conditions of such transactions.

The Related Party Transactions Committee in office at present is composed by Licia Mattioli as Chairperson, Silvia Merlo and Pietro Gussalli Beretta.
Procedure Governing Related Party Transactions (in force until 30 June 2021)
Procedure governing related party transactions (in force as of 1 July 2021)