Moncler Group | Annual Report 2024 494 Moncler Group | Annual Report 2024 495

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paragraph 1a) of Legislative Decree 39/2010, the Board duly sent the

supplementary report to the Board of Directors, without making any observations.

In accordance with Article 19, paragraph 1e) of Legislative Decree 39/2010, the

Board of Statutory Auditors – again in its role as “Internal Control and Accounts

Auditing Committee” – verified and monitored the independence of the auditing

firm. In conducting these audits, no situations were found that would compromise

the independence of the auditing firm, nor were there any causes of incompatibility,

within the meaning of the applicable regulations. This has also been confirmed by

the declaration given by Deloitte & Touche under Article 6, paragraph 2a) of EU

Regulation 537/2014.

6.2 Activities of the Board of Statutory Auditors with reference to non-

audit services

With reference to non-audit services, at the request and with the support of the

Board, in June 2021 the Company adopted a specific procedure governing the

awarding of mandates to auditing firms and their networks, in relation to non-audit

services (“Internal Procedure for the awarding of mandates for non-audit services

to the auditors of the Group and companies in its network”).

During 2024, in accordance with the provisions of Article 19, paragraph 1e) of

Legislative Decree 39 2010 and Article 5, paragraph 4 of EU Regulation 537/2014,

the Board of Statutory Auditors, in its role as the Internal Control and Accounts

Auditing Committee, pre-reviewed the proposals submitted for its attention

regarding the conferral of non-audit services to the Auditing Firm or to companies

in its network.

In its assessment, the Board of Statutory Auditors verified that these services were

compatible with the prohibitions imposed in Article 5 of EU Regulation 537/2014,

and also the absence of potential risks to the auditors’ independence deriving from

the provision of non-audit services, in view of the provisions of Legislative Decree

392010 Articles 10 et seq in the Issuers Regulation Article 149bis et seq and

the Code of professional ethics confidentiality and professional secrecy as well

as the independence and objectivity of persons authorised to perform the legal

auditing of accounts published on 30 March 2023 and adopted by decision of the

State General Accounting Office of the Ministry of Economy and Finance on 23

March 2023

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Where the legal requirements were met, the Board approved the conferral of the

services to Deloitte & Touche or to other companies in its network.

The fees paid for the non-audit services provided to the Company and its

subsidiaries in 2024, by the External Auditing Firm or by other companies in its

network, have been itemised, with details of audit services, attestation and other

services, in paragraph 10.7 of the Notes to the consolidated accounts, to which

please refer.

7. Adoption of the Corporate Governance Code. Composition of the Board of

Directors. Remuneration. Board Self Assessment (point 17 of Consob

Communication No. 1025564/01)

Moncler has adopted the Corporate Governance Code.

The Board of Statutory Auditors has assessed the way in which Moncler has

implemented the Corporate Governance Code, in the terms illustrated in the

Report on Corporate Governance and Ownership Structure, and has no

observations to make in that regard.

The Board of Statutory Auditors notes that the Board of Directors has assessed the

function, size and composition of the Board and of its Committees in accordance

with Article 4 of the Code of Corporate Governance. The Board self-assessment

process is described in the Report on Corporate Governance and Ownership

Structure, to which please refer.

The process and results of the Board’s self-assessment for the 2024 financial year

were presented, discussed and agreed by the Board of Directors with the assistance

of the external advisor at the Board meeting on 13 February 2025 which was

attended by the Board of Statutory Auditors.

The Board of Statutory Auditors has verified the correct application of the criteria

and procedure used by the Board of Directors to evaluate the independence of the

directors qualified as independent

The Board of Statutory Auditors in particular at the meeting held on 13 February

2025 took note of the information received regarding satisfaction of independence

requirements for the directors Gabriele Galateri di Genola and Diva Moriani in the