The Director in charge of the Internal Control and Risk Management System, within the scope of his role of supervision of the functionality of said System, has the following tasks, in accordance with what has been envisaged by Criterion 7.C.4 of the Corporate Governance Code:

• to implement the Guidelines established by the Board of Directors, ensuring the design, implementation and management of the Internal Control and Risk Management System, constantly verifying its adequacy and effectiveness, also ensuring alignment of such System with the dynamics of the operating conditions and legislative and regulatory framework
• to ensure the identification of the main corporate risks, taking into account the characteristics of the activities carried out by the Company and its subsidiaries, periodically submitting them to the examination of the Board of Directors
• to promptly report to the Control, Risk and Sustainability Committee (or to the Board of Directors) on issues and problems emerging in the course of his activities or which have otherwise come to his attention, in order that the Committee (or the Board) may take appropriate action
• to request the Internal Audit Unit to perform checks of specific operating areas and the compliance with internal rules and procedures during business activities (when necessary); he informs the Chairperson of the Board of Directors, the Chairperson of the Control, Risk and Sustainability Committee and the Chairperson of the Board of Statutory Auditors thereon

The Board of Directors elected by the Shareholders' Meeting on April 30th, 2018, confirmed on May 9th , 2018, the CEO as the “Director in charge of the Internal Control and Risk Management System” with all the powers and duties envisaged in Article 7 of the Code.