Moncler - Annual Report 2024

Moncler Group | Annual Report 2024 490 |

information exchanged in the course of discussions and did not reveal any issue to

be mentioned in this Report.

5. Oversight of the adequacy of the internal control and risk management

system, and of the administration and accounting system; monitoring of

the financial and non-financial reporting process (points 11, 13 and 14 of

Consob Communication No. 1025564/01)

5.1 Internal control and risk management system (ICRMS)

The Report on Corporate Governance and Ownership Structure describes the main

characteristics of the system for internal control and risk management.

The ICRMS is the set of rules, procedures and organisational structures, which

operates in order to allow the effective functioning of the Company and of the

Group and in order to identify, manage and monitor the main risks to which they

are exposed. The ICRMS is an integrated system that involves the whole of the

organisational structure; the bodies of the Company and its departments, including

the control functions, are required to make a coordinated and interdependent

contribution to the functioning of this system.

The Board of Statutory Auditors oversaw the adequacy of the ICRMS adopted by

the Company and the Group and checked that it functioned correctly. In particular,

the Board of Statutory Auditors:

(i) noted the adequacy rating given by the Board of Directors in relation to the

ICRMS, after consulting the control, Risks And Sustainability Committee;

in this regard, refer to the Report on Corporate Governance and Ownership

Structure;

(ii) examined the semi-annual report of the Control, Risks And Sustainability

Committee provided to assist the Board of Directors;

(iii) examined the documents summarising the assessment of the adequacy and

efficacy of the ICRMS, prepared by the Internal Audit Function;

(iv) attended all the meetings of the Control, Risks and Sustainability

Committee obtaining information about any project the Committee

considered appropriate to arrange or request in response to specific issues

v obtained knowledge of the trend in the organisational structures and

activities performed by the Internal Audit and Compliance Functions

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