BOARD OF DIRECTORS REPORT FOR THE YEAR ENDED DECEMBER 31, 2014 ANNUAL REPORT AT DECEMBER 31, 2014 – MONCLER 2 BOARD OF DIRECTORS’ REPORT FOR THE YEAR ENDED DECEMBER 31, 2014 Section One Letter to the Shareholders Financial Highlights Corporate Bodies Organizational Chart as at 31 December 2014 Group Structure The Moncler Brand Vision and Strategy Critical Success Factors Business Model Human Resources Moncler and the Financial Markets Section Two Introduction Performance of the Moncler Group Performance of the Parent Company Moncler S.p.A. Main Risks Corporate Governance Transactions with Related Parties Unusual Transactions Treasury Shares Significant Events Subsequent to the Financial Statements Date and Outlook Other Information Motion to Approve the Financial Statements and the Allocation of the Results for the Year Ended 31 December 2014
< Page 8 | Page 10 >