Supporting the Board of Directors on strategic decisions, business models, organization, operational logics, and growth opportunities.

Supporting the Board of Directors with defining selection and assessment criteria, proposing remuneration policy, and drawing succession plans for senior management and Board Members.

Supporting the Board of Directors in the supervision of financial reporting, risk management approach, and control system, as well as in topics related to internal and external auditors, financial resources, IT and Cybersecurity, and tax policies.

Supporting the Board of Directors in steering the ESG roadmap, defining the plan of initiatives, monitoring its implementation, supervising communication activities, and strengthening the group’s ESG culture.

Business risks are monitored at least monthly through management meetings during which results, opportunities, and risks are analyzed for all business segments and geographical areas where the group operates. In these meetings, the necessary measures to mitigate identified risks are also determined.

The Internal Audit function systematically verifies the effectiveness and efficiency of risk management and the Internal Control System as a whole and reports its findings to the Board of Directors, Audit Committee and Supervisory Board of Ariston Holding N.V. for specific risks relating to obligations under Legislative Decree 231/2001.

The Parent Company has complied with Legislative Decree 231/2001 by appointing a Supervisory Board composed of three members, chaired by an outside party, adopting a constantly updated Organizational Management Model and observing the procedures and information streams required for effective compliance with the law. The Supervisory Board reports annually to the Board of Directors, to which it submits any critical issues identified, and it also constantly monitors problems until they have been completely resolved. The group’s Italian subsidiaries have also complied with the above law, according to a similar system.