Moncler - Annual Report 2024

Moncler Group | Annual Report 2024 Board of Directors’ Report 98 Moncler Group | Annual Report 2024 Board of Directors’ Report 99

The Diversity Policy and the Guidance

Opinion are available on the website

at wwwmonclergroupcom in the

Governance Section

Approved by the Board of Directors

on 18 December 2018 and updated

after assessment by the Nomination

and Remuneration Committee on 24

February 2022 An updated version

of the Diversity Policy was approved

at the meeting on 13 February 2025

in view of the renewal of the Board

of Directors which will be resolved

upon by the Shareholders Meeting

on 16 April 2025 The text is available

in the GovernanceDocuments

and Procedures and Governance

Shareholders Meeting Sections of the

website at wwwmonclergroupcom

Moncler believes that corporate bodies composed of members

with dif ferent skills, professional experience, and cultural

heritage can of fer the opportunity to take the best decisions

for a Group operating in an international context. Moncler

has therefore adopted a Diversity Policy4 that has been applied

to the current Board of Directors. This document describes

the characteristics considered optimal for the composition of

the Board of Directors, as well as the Board of Statutory

Auditors, with the aim of including dif ferent professional prof iles

in terms of gender, ethnicity, age and seniority. The monitoring

and any updating of the Diversity Policy are entrusted to the Board

of Directors, which acts with the support of the Nomination

and Remuneration Committee and, where necessary, the Board

of Statutory Auditors.

The criteria def ined in the Diversity Policy take into account

the results of the annual self-assessment process (board review)

through which, in accordance with the provisions of the Corporate

Governance Code, the Board of Directors periodically evaluates

the functioning, size and composition of the Board and its

Committees, ensuring continuous alignment with the Group’s

strategic needs.

The Diversity Policy5 also ref lects the evaluations provided

by the outgoing Board of Directors in the Guidelines to

the Shareholders that the Board, following examination by

the Nomination and Remuneration Committee, issues on

the size and composition, both in qualitative and quantitative

terms, deemed optimal for the renewal of the Board of Directors.

Recommended professional skills include ESG (Environmental,

Social, Governance).

For the 2024 f inancial year, the composition of the Board

of Directors ref lects the commitment to diversity, with a female

component equal to 42% of the total (f ive women, compared

with seven men, representing a ratio of 71%). The percentage

of independent directors is 58% (7 out of 12 members).

Further

details on skills and other aspects of diversity are

shown

in the graphs below.

Also in order to further develop the skills of the Directors and

Statutory Auditors, the Company periodically organises

induction sessions, with the aim of providing adequate knowledge

of the Company, the sector in which it operates, the main

trends that may have an ef fect on its growth strategy, its products,

business dynamics, potential sustainability risks and

the relevant legislative and regulatory framework, which may

af fect strategic decision-making.

During the 2024 f inancial year, the Board of Directors and

the Board of Statutory Auditors were provided by the Control,

Risks and Sustainability Committee with a review of the new

regulations on sustainability reporting and the double materiality

process, which included an analysis of the list of relevant

impacts, risks and opportunities identif ied through this process.