TESTATA Control and risk committee

Control and risk committee

In accordance with Principle 8 of the Corporate governance code, the Internal control committee is tasked with overseeing the operation of the internal control system, the efficiency of company operations, the reliability of financial information, compliance with the law and with regulations, and protection of company assets. It is also in charge of maintaining relationships with related parties and expresses opinions that might be binding in cases of large-value transactions.

We highlight that the only variation from Corporate governance code concerns the transfer of some tasks from Internal control committee to Board of statutory auditors (letters c) d) and e) of the paragraph 8.C.3). Through this variation, the control by Board of statutory auditors is more effective.

This body, composed of four non-executive independent directors, has an advisory role and may also make proposals.

It should be noted that Chairman Gabriele Giacobazzi and Director Erwin P.W. Rauhe hold specific expertise in accounting finance.

MEMBERS ROLE IN HERA ROLE IN COMMITTEE EXECUTIVE - NON EXECUTIVE - INDEPENDENT
Gabriele Giacobazzi Vice President Chairman Independent - Non executive
Erwin Paul Walter Rauhe Director Member Independent - Non executive
Lorenzo Minganti Director Member Independent - Non executive
Paola Gina Maria Schwizer Director Member Independent - Non executive


Page updated 22 May 2020

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