The Board of Statutory Auditors supervises:

  • the compliance with the law and the Company bylaws and the application of correct management principles in the conduct of business;
  • the adequacy of the Company's organizational structure, internal audit system and administrative-accounting system, as well as the reliability of the latter to properly present the facts of the Company's management;
  • the procedures for implementing the corporate governance rules provided for by the Corporate Governance Code of Conduct of listed companies, to which the Company is committed;
  • the effectiveness of the instructions given by the Company to its subsidiaries to ensure proper compliance with the reporting obligations provided for by the law;
  • the process of financial information; the external auditors review and the independence of the external auditor.

The Board of Statutory Auditors currently in charge has been appointed by the Shareholders' Meeting on May 13, 2014 and will reaming in charge until the date of the Shareholders' Meeting to approve the financial statements for the year ending on December 31, 2016.


Franco Fontana
He graduated in Business and Economics at the University Cattolica of Milan. He is a chartered accountant, enrolled in the Register of Chartered Accountants of Rome and in the external auditors' register. From 1994 until 1997, he was Chairman of the Cassa di Risparmio of l'Aquila. He was the Coordinator of the Supervisory Board of Telespazio. From 2001 until 2010 he was Statutory Auditor and then Chairman of the Board of Statutory Auditors of Enel S.p.A.. He has been Chairman of the Board of Statutory Auditors of Thales Alenia Space. He is a full professor of “Economy and business administration” at the faculty of Economy at the LUISS Guido Carli University, where he is the Director of the LUISS Business School. He was Chairman of the Economics Department at the same university from 1995 until 2010. He is author of several publications on matters regarding management and corporate strategies and organization.

Statutory Auditors

Maria Rosaria Leccese
She graduated in Business and Economics cum laude at the University of Rome La Sapienza, attended the Course in Tax Law and Tax Accounting Company, at LUISS, edition 1992/1993 as the winner of a scholarship. Chartered accountant, enrolled in the Register of Chartered Accountants of Rome, in the register of external auditors and auditors of cooperatives, began her professional career of corporate and tax consulting at the firm Cafiero of Rome, as a collaborator from 1993 to 1999 and since 2000 as partner of the firm "Cafiero e Tonti - Dottori Commercialisti – Associazione Professionale". In 2007 she constituted the Professional Association "Tonti e Leccese – Dottori Commercialisti Associazione Professionale "; since 2008 she works in partnership also with the “Studio Legale Tributario Fratini  & Associati”. She is a member of the Commission of criminal law at the Association of Chartered Accountants of Rome. She is, and has been, a member of the Board of Statutory Auditors, also in the capacity of President, and of the Board of Directors of several companies and national and international groups, including Enel Group, operating in the financial, industrial and agro-food fields. She has worked as a consultant for Lazio Region in the field of tax litigation and implementation of fiscal federalism and is a member of the Board of Statutory Auditors of SIMED - Italian Society for the Mediation of Disputes.

Giuseppe Ascoli
He is a chartered accountant and external auditor. He is partner in the legal-tax firm “Adonnino Ascoli & Cavasola Scamoni”, an inter-professional association that is part of the international alliance CMS. He is the president of the Consulting Commission for International Tax Matters in the Association of Chartered Accountants of Rome. He has been an appraiser for the courts of Rome, assessing companies. He has been appointed by public and private entities for the assessment of companies and for corporate, contractual and tax consultancy and assistance. He is a statutory auditor, and also the Chairman of Board of Statutory Auditors, as well as member of the supervisory bodies, under DLGS. 231/200, in companies belonging to national and international groups such as: Enel Group, Ford Group, Groupama, Mazda Group, PPG Group, Alliance Group, Allergan Group, Fideuram Group. He has been a Director in the company Mediocredito in Rome, also as a member of the Executive Committee. He publishes articles for magazines specialized in tax matters. He teaches specialization courses organized by universities or by professional orders. He has been a speaker at several national and international conferences.