GOVERNANCE

Confirming the management's intention to adopt a solid governance structure that allows the Group to act responsibly and in full compliance with current regulations, the Italian parent company has adopted an Organization, Management and Control Model pursuant to Legislative Decree 231/2001.

The Model is a voluntary tool used by the company to apply internally the regulations regarding administrative and criminal responsibilities for certain types of offenses, including crimes committed in relations with government authorities, corporate crimes, environmental crimes and crimes relating to health and safety in the workplace.

An integral part of the Model 231 is the Code of Ethics, which sets out the inalienable principles of honesty, correctness, transparency, integrity that companies undertake to abide by in their daily operations.

Board of Directors

The ordinary and extraordinary management of the Group, including the definition of control and strategic guidelines, is delegated to the Board of Directors (BoD of the Holding). As of December 31, 2021, the BoD was made up of four directors:

Romano Minozzi Chair and Managing Director	Federica Minozzi Vice-Chair and Managing Director	Sergio Stefano Mascaretti Managing Director	Mauro Tabellini Managing Director

Board of Statutory Auditors

The Board of Statutory Auditors consists of 5 people:

Gian Carlo Guidi Chair	Dario Maggioni Statutory Auditor	Rosa Carla Parisi Statutory Auditor
	Roberto Leoni Alternate Statutory Auditor	Massimo Fioroni Alternate Statutory Auditor

External auditor

Deloitte & Touche spa

The external auditor has been entrusted with the statutory audit of the accounts for 2019-2021.