Moncler Group | Annual Report 2024 496 Moncler Group | Annual Report 2024 497

15

year 2024 (and in the previous year 2023), who have exceeded nine years in office

(see Recommendation 7e) of Article 2 of the Corporate Governance Code) and

whose term of office will end with the approval of the financial statements for the

year 2024. In the opinion of the Statutory Auditors, the Board has provided non-

contradictory, logical and plausible reasons to confirm that these directors continue

to meet the independence requirements. The Statutory Auditors were able to verify

that, in compliance with the principles of the Corporate Governance Code, the

Board of Directors has clearly argued and justified in its Report on Corporate

Governance and Ownership Structure that, notwithstanding deviation from the

Recommendation in question, the objectives underlying the provisions of the

Corporate Governance Code continue to be met in light of the reasons identified

for each of the directors concerned. For more details on this point, refer to the

contents of the above-mentioned Report.

Early in 2025 and in line with the recommendations of Standard Q.1.7 of the Rules

of Conduct for the Boards of Statutory Auditors of Listed Companies prepared by

CNDCEC, the Board of Statutory Auditors, with reference to the 2024 financial

year, also conducted its own self-assessment with regard to its functioning and

composition. It also issued declarations about the compliance with independence,

probity and integrity criteria required by the applicable regulatory and legal

framework, and discussed and shared the results of the meeting held on 12

February 2025.

Through the participation of the Chairman and/or a delegate auditor at all the

meetings of the Nomination and Remuneration Committee and the Control, Risks

and Sustainability Committee, the Board of Statutory Auditors has verified the

corporate procedures that led to the definition of the Company’s remuneration

policies, with particular reference to the criteria for the remuneration and bonuses

of the heads of the Control Functions, and of the Financial Reporting Officer.

8. Opinions given by the Board of Statutory Auditors during the year (point 9

of Consob Communication No 102556401

On 26 February 2024 the Board of Statutory Auditors pursuant to the Corporate

Governance Code Article 6 Recommendation 33c gave its favourable opinion

on the approval of the Audit Plan for 2024

On 12 February 2025 the Board of Statutory Auditors gave its favourable opinion

on the Audit Plan for 2025 approved by the Board of Directors on 13 February

16

2025.

9. Complaints pursuant to Article 2408 of the Italian Civil Code. Any

omissions, reprehensible facts or irregularities found (points 5, 6 and 18 of

Consob Communication No. 1025564/01)

The Board of Statutory Auditors did not receive any complaints under Article 2408

of the Italian Civil Code during the 2024 financial year nor during the first months

of 2025.

During the course of the activities performed, and on the basis of the information

obtained, no omissions, reprehensible events, irregularities or any other significant

circumstances have emerged that would require a mention in this report.

*****

Referring to all the considerations made in this Report, the Board of Statutory

Auditors, taking into account the specific duties of the External Auditing Firm with

regard to the control of accounting and verification of the reliability of the financial

statements, has no observations to make to the Shareholders’ Meeting pursuant to

Article 153 of the TUF regarding approval of the Financial Statements for the year

ended 31 December 2024, accompanied by the Board of Directors’ Report, or on

the proposed allocation of profits for the year and the distribution of dividends as

made by the Board.

***

14 March 2025

BOARD OF STATUTORY AUDITORS

Riccardo Losi

Carolyn Dittmeier

Nadia Fontana