Generali SpA

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    Statutory Auditors

    The Board of Statutory Auditors is appointed by the shareholders’ meeting and is responsible for ensuring compliance with the applicable laws and regulations and the articles of association as well as management control.

    The current Board of Statutory Auditors was appointed on 27 April 2017, and will remain in office until the approval of the 2019 financial statements.

    The Board of Statutory Auditors consists of three permanent and two substitute auditors. Each member of the Board of Statutory Auditors is requested to have the same independents qualifications set for independent directors. Checks are performed to ensure that the Statutory Auditors meet these criteria both at the time of their appointment and subsequently on an annual basis; the results are included in the corporate governance report.

    The Board of Statutory Auditors is now also responsible for monitoring the independence of the auditing firm, verifying compliance with applicable regulations and the extent and nature of services other than the accounting control provided to Generali and its subsidiaries.

    In addition, the Corporate governance code gives the Statutory Auditors the power to verify the proper application of the criteria and assessment procedures adopted by the Board of Directors to evaluate the independence of its members.

    Annual meetings

    The Board of Statutory Auditors generally meets according to the schedule of its audit activities and whenever deemed necessary by its chair.

    For information regarding the Statutory Auditors' attendance at the meetings of Generali's corporate bodies, see the specific section.

    Composition of the board

    The current Board of Statutory Auditors was appointed using a slate system at the shareholders’ meeting 2017 and will remain in office for three years. In accordance with the slate voting system, the Board of Statutory Auditors consists of three permanent and two substitute auditors, who may be re-elected. Its chair and one of the substitute auditors are elected from the minority slate.

    Statutory Auditors may not be elected – or, if elected, shall forfeit their office – if they are found to be in situations of incompatibility as identified by law or if they exceed the limits on simultaneous offices established by the applicable legislation. All permanent and substitute statutory auditors must meet the requirements established by law.

    In accordance with gender equality regulations, the Board of Statutory Auditors comprises three female members (the chair, one permanent auditor and one substitute auditor).

    For information on Statutory Auditors' shareholdings, see the shareholdings section.

    Members of the board of statutory auditors

    Members of the board of statutory auditors - Ph. Giuliano Koren

    Lorenzo Pozza
    PERMANENT AUDITOR

    Members of the board of statutory auditors - Ph. Federico Guida

    Antonia Di Bella
    PERMANENT AUDITOR

    Members of the board of statutory auditors - Ph. Giuliano Koren

    Silvia Olivotto
    SUBSTITUTE
     

    Members of the board of statutory auditors - Ph. Giuliano Koren

    Francesco Di Carlo
    SUBSTITUTE