This system comprises the rules, procedures and organisational structures that are intended, through an appropriate process of identification, measurement, management and monitoring of the main risks, to allow the company to operate in a healthy, proper and consistent manner with pre-established objectives. An effective Internal Control and Risk Management System contributes towards ensuring the protection of the company’s assets, the efficiency and effectiveness of its business operations, the reliability of its financial information, and respect for legislation and regulations.

 

The key components of the Internal Control and Risk Management System are:
The Board of Directors
• The Director with mandate for the Internal Control and Risk Management System (S. Buongiovanni)
The Control, Risks and Sustainability Committee
The Board of Statutory Auditors
The Audit Firm
• The Manager in charge of preparing corporate accounting documents (Luciano Santel)
The Group Internal Audit Manager
The Supervisory Body

HEAD OF INTERNAL AUDIT

This Department was established by a resolution of the Board of Directors on 31 October 2013 and became effective with the launch of the company’s ordinary shares on the MTA on 16/12/2014. The Head of Internal Audit is not responsible for any operational area and is subordinate to the Board of Directors of Moncler S.p.A. He is responsible for ensuring the operation and suitability of the Internal Control and Risk Management System of the Issuing company, Moncler S.p.A., and the Moncler Group, supporting the Board of Directors, the corporate bodies tasked with control and supervision and, more generally, the Management.

For this purpose, the Internal Audit Department provides independent and objective assurance and consultancy intended to improve business operations by means of a systematic, professional approach directed at creating added value and through the assessment and development of internal control, risk management and governance processes.

RICCARDO GREGHI (Internal Audit Director)

Born in Bondeno (Ferrara) on 19 January 1977, Riccardo Greghi received his degree in Business Economics from the University of Modena and Reggio Emilia in 2000. After 5 years as a consultant in Big Four risk advisory firms, he joined Mediaset Group in Internal Auditing Management. Over the years he has acquired various certifications related to his professional career, including CIA (Certified Internal Auditor), CCSA (Certified Control & Self Risk Assessment) and CRMA (Certified Risk Management Assurance).

From 2012 to 2015 he was the Head of Internal Audit & Corporate Social Responsibility for the YOOX Group, where he was also a member of the Supervisory Board to the parent company YOOX S.p.A. Since 2015, he has been an Internal Audit Director for the Moncler Group and an internal member of the Supervisory Board for Moncler S.p.A. and Industries S.p.A.

SUPERVISORY BODY MODEL PURSUANT TO LEGISLATIVE DECREE 231/01

The Supervisory Body for Moncler S.p.A. was established by the Board of Directors on 28 March 2014, and its mandate was renewed on 10 May 2016. The body consists of 3 members:

 

– External Consultant and President: Lorenzo Mauro Banfi

– External Consultant: Carlo Alberto Marchi

– Member and Head of Internal Audit: Riccardo Greghi

 

The Supervisory Body is tasked with monitoring the adequacy and effectiveness of the Organisation, Management and Control Model adopted, with the aim of supervising the areas of risk identified pursuant to Legislative Decree 231/01 on the administrative responsibility of companies.

WHISTLEBLOWING

Moncler has structured whistleblowing rules in order to guarantee a definite and confidential instrument for the signalling of potential behaviours not in allignment with the ethic rules, Moncler’s principles or applicable rules and regolamentations. The whistleblowers may be internal or external subjects to the Group and may remain anonymous.

ADMINISTRATIVE LIABILITY
  Moncler S.p.A.
  Industries S.p.A.