Annual report on corporate governance and the ownership ... - Indesit

• the system for assignment of powers of attorney;
• the body of rules and procedures disciplining the Group’s operations and business functions.
The Company continually reviews the Model, also in view of new legislation and of the increasing number of
offences punishable under Legislative decree 231/2001.
14. Independent auditors
The following services:
• audit of IndesitCo’s separate financial statements and the Group consolidated financial statements,
pursuant to art. 14 and 16, Legislative decree 39/2010;
• check over the year that the Company’s accounts are kept property and that the accounting entries
accurately reflect the Company’s operations pursuant to art. 14, clause 1b, Legislative decree 39/2010;
• review of the consolidated Interim financial statements in accordance with the provisions of Consob
communication 97001574, 20/2/1997.
were assigned to KPMG S.p.A. for the period 2004-2012, ie. up to approval of the financial statements at
31/12/2012, by virtue of resolutions of the Shareholders’ Meetings on 5/5/2004 (originally for the 2004-2006
three-year period) and 3/5/2007 (the Investor Protection law, in fact, extended the term for the assignment of
the Independent audit of accounts to nine years).
For reasons of rotation and compliance with art. 17, clause 4, Legislative decree 39/2010, KPMG S.p.A.
changed the partner in charge of the audit for the last three years of the engagement (2010-2012).
15. Officer charged with drafting the Company’s
accounting and corporate documents
Meeting on 3/5/2007, the Board, pursuant to the By-laws 52 , appointed Andrea Crenna, the Group’s Chief
Financial Officer, as the officer charged with preparing the Company’s financial <strong>report</strong>s.
The DP has the task of drawing up adequate administrative and accounting procedures regarding the
disclosure of accounting information to the market and overseeing compliance with such procedures, all of
which being to guarantee a high level of internal control over financial <strong>report</strong>ing.
The risk management and financial <strong>report</strong>ing control system, for which the DP has certain responsibilities, is
described in detail in Annex 1.
52. Modified on the same date. The By-laws provide that the Board, having consulted the Statutory Auditors, appoint a company
officer and confer on him the powers and resources needed to carry out the tasks required of the role by current law, and fix his
remuneration. The By-laws also establish the requisites of professionalism and integrity of such officer, who must be chosen from
candidates with suitably long experience in the same management function and/or functions in the administrative and/or financial
and/or control sector in listed and/or large companies and having the same integrity requisites as those required of company
directors.
Report on corporate governance and ownership at 22 March 2011 on 2010 31