Gian Piero Balducci
Chairman – Standing Auditors
Barbara Cavalieri e Walter Visco hold the role of alternate auditors. The Board of Statutory Auditors works to ensure the proper administration and operation of the company. The current Board of Statutory Auditors was elected by shareholders meeting of 4 August 2016 to stand until the shareholders’ meeting to approve the 2018 financial statements.
The Board of Statutory Auditors oversees compliance with the law and with Italgas's Bylaws, as well as respect for the principles of proper administration in the performance of company activities; it also evaluates the adequacy of the organisational, administrative and accounting structure and how it functions in practice. The Board of Statutory Auditors also performs supervisory activities in its role as the internal control and audit committee.
Structure and attendance
The Italgas’s Board of Statutory Auditors is made up of three standing auditors and two alternate auditors. They are appointed by the shareholders’ meeting for three financial years and may be re-elected at the end of their term of office. Statutory auditors must meet the requirements of professionalism and integrity indicated in Justice Ministry Decree No. 162 of 30 March 2000. In Italgas’s case, this expertise relates to the activities of commercial law, business economics and business finance and to the sectors of engineering and geology.
Power to call shareholder and board meeting
Upon prior notice to Italgas’s chairman, the Board of Statutory Auditors may call shareholder and board meetings. Each member of the Board of Statutory Auditors may also individually call board meetings. To call a shareholders’ meetings requires at least two members of the board. The Board of Statutory Auditors is invited to attend meetings of the Control, Risk and Related Parties Committee.
Indipendence and interests
Pursuant to the Italgas Related Parties Procedure members of the Board of Statutory Auditors must declare any interest on their own behalf or that of third parties in specific transactions submitted to the Board of Directors.