[...] notification of such requests to the Control and Risk Committee and the Board of Statutory Auditors; the Watch Structure. During 2014, the Internal Audit department regularly carried out the scheduled activities, which involved, in particular: (i) drawing up the proposed audit schedule based on the identification and prioritisation of the main corporate risks carried out by the ERM unit; (ii) executing the audit schedule approved by the Board of Directors of Snam on 27 February 2014 following a favourable opinion from the Control and Risk Committee; (iii) performing the independent monitoring programme defined with the Executive Responsible for preparing corporate [...]
[...] optimise its effectiveness; (iv) to submit a half-yearly report on its monitoring activities to: (a) the Watch Structure; (b) the Board of Statutory Auditors; (c) the Control and Risk Committee; and (d) the Director of Planning, Administration, Finance and Control. Planning, Administration, Finance and Control, the duties of which include: overseeing activities pertaining to budgeting, treasury and insurance against financial and business risks, as well as relationships with banking, financial and insurance counterparties; defining strategies for the management of financial risks and drawing up the Group’s insurance programme; insuring against financial risks [...]
[...] CEO; Board of Statutory Auditors; Control and Risk Committee External Auditors; Anti-Corruption Lawyer; Watch Structure; Director of Planning, Administration, Finance and Control. With reference to the notifications relating to the Subsidiaries, the reports, insofar as relevant, are sent to the Chief Executive Officers of each Subsidiary concerned, as well as to the related Control and Supervisory Bodies. The Notification Procedure is available on the Company’s website (http://www.snam.it (PDF)).
