In terms of remuneration, the Committee must assist the Board of Directors, in particular with the elaboration of Remuneration Policy and in monitoring its concrete application and evaluation. They must also present proposals and express opinions on the remuneration of the Chief Executive Officer and the General Director, and of other managers with particular responsibilities.

The functions of the Committee, in relation to the Internal Auditing and Risk Management Systems (ICRMS) and to Sustainability, include, but are not limited to:

• evaluating, referring to the Manager in charge of drafting company finance documents, the Auditing Firm and the Board of Auditors, as well as the correct use of accounting policies;
• evaluating the suitability of periodic information, both financial and non-financial, in representing the Company’s business model, as well as examining any content relevant to the ICRMS;
• expressing opinions on specific aspects inherent to the identification of the main company risks;
• monitoring the autonomy, sufficiency, efficiency, and effectiveness of the Company Audit Function, examining the relevant periodic reports;
• referring to the Board of Directors, at least occasionally, for the approval of the Annual and Six-Monthly Financial Reports, on the business carried out, and on the sufficiency of the ICRMS;
• examining and evaluating the direction and general objectives of the Company’s policies relating to Sustainability, periodically examining the implementation of related companies;
• monitoring the position of the Company and its main initiatives in relation to Sustainability.

In terms of Sustainability, the Committee carries out interrogatory tasks in relation to defining the Sustainability Policy and the multi-year company planning, as well as those relating to coherence with the Industrial Plan and any environmental, social, governance, and innovation topics – both regarding monitoring and their relative application.

With regard to the tasks attributed to the Committee by the Procedure for Related Party Transactions adopted by the Company, it shall, in particular:

• formulate preliminary opinions in relation to the adoption by the Company of the same procedural provisions governing transactions with related parties as well as related amendments;
• express its opinion in advance on the interest in carrying out transactions with related parties and on the appropriateness and substantive correctness of the related conditions and, in the case of transactions of greater importance, is promptly involved (it may also delegate one or more of its members for this purpose) in the negotiation and preliminary investigation stages by receiving a complete and updated flow of information, with the right to request information and make comments to the delegated bodies and the persons in charge of conducting the negotiations or preliminary investigation.