Actors of the Internal Control & Risk Management System
The system of internal control and risk management of Waste Italia Group involves all aspects of the company with specific roles and responsibilities.
Board of Directors
The Board of Directors is in fact responsible for the internal control and risk management system, establishing its guidelines and management of business risks. The appointment of the Risk Control Committee in fact does not relieve the Council of tasks and responsibilities related to the supervisory duty on management performance, but certainly this Committee is an important information and advisory support useful to the Board of Directors in order to have a careful and constant monitoring of the internal control system.
Chief Executive Officer
The chairman and the chief executive officer are required to identify the risks faced by the Company and implement the guidelines of the internal control system.
Board of Statutory Auditors
The Board of Statutory Auditors is the corporate body responsible for supervising the correct administration, in particular the adequacy of the organisational, administration and accounting structure adopted by directors and its effective operation.
Risk Control Committee
The Risk Control Committee analyses the results of the audit activities on the Internal Control System and periodically reports to the Board of Directors on any measures to be taken;
The Supervisory Board intervenes as part of its duties to look out for corporate crimes envisaged by Decree 231, identifying risk scenarios and personally verifying compliance with control procedures and using, where required, dedicated expert consultants. In addition it monitors compliance and implementation of the Code of Ethics.
Executive director in charge
The director in charge of the internal control and risk management system is required to identify the main corporate risks and implements the guidelines defined by the Board of Directors. He also adjusts the internal control system to the dynamics of the operating conditions and legislative and regulatory framework and has the power to request the internal audit function to conduct audits on specific areas and on compliance with rules and internal procedures, giving notice of the request to the chairman of the Board, the chairman of the control and risk committee and the chairman of the board of statutory auditors.
Manager in charge of preparing the financial reports
Manager in charge of preparing the financial reports. Pursuant to Article 17 of the Statute. The Board of Directors, after consulting the Board of Statutory Auditors, appoints the manager in charge of preparing the accounting documents, pursuant to article 154-bis of the Consolidated Act and determines his remuneration.
Internal Audit Manager
The Manager of the Internal Audit function is in charge, together with the Risk Control Committee, of verifying that the internal control system is adequate, fully operational and effective. The Manager of the Internal Audit function reports directly to the Risk Control Committee, the Board of Statutory Auditors and the executive director in charge of overseeing the internal control system and the Board of Directors.