The annual financial statements of the company must be audited by an auditing firm (the “Auditor”). The annual financial statements and the Auditor’s report are submitted to, and approved by, the annual general shareholders’ meeting of the company.
The Auditor is appointed every three years by the general shareholders’ meeting of the company, on the basis of a proposal of the board of statutory auditors.
Removal of the Auditor before the term’s expiration is resolved upon by the general shareholders’ meeting of the company only for cause and after consultation with the board of statutory auditors.
The Company’s current Auditor is Deloitte & Touche S.p.A.