Board of Statutory Auditors

Establishment and composition

IGD’s Board of Statutory Auditors is made up of three standing members and three alternates.

The Board of Statutory Auditors currently in office was appointed during the Shareholders’ Meeting held on 18 April 2024. The standing Statutory Auditors are Massimo Scarafuggi and Barbara Idranti, drawn from the list submitted by the majority shareholder Coop Alleanza 3.0, and Iacopo Lisi (who acts as Chairman of the Board), drawn from the minority list submitted by the shareholder Unicoop Tirreno.

The Board of Statutory Auditors will be in office for three financial years and will remain so until the Shareholders’ Meeting which will be called for the approval of the 2026 financial statements.

The Board of Statutory Auditors in office until 18 April 2024 was comprised of Gian Marco Committeri (who acts as Chairman of the Board), Massimo Scarafuggi and Daniela Preite as Standing Auditors and Daniela Del Frate, Aldo Marco Maggi and Ines Gandini as Alternate Auditors.

Standing Auditors

Iacopo Lisi

Role: Chairman of the Board of Statutory Auditors

Number of IGD shares held at 31/12/2023: none

Barbara Idranti

Role: Standing auditor

Number of IGD shares held at 31/12/2023: none

Massimo Scarafuggi

Role: Standing auditor

2023 Board of Statutory Auditors’ attendance frequency: 100%

Number of IGD shares held at 31/12/2023: none

Born in Florence in 1966, he graduated in Economics and Commerce from the University of Florence in 1991. After a brief professional experience in the field of auditing at “Reconta Ernst & Young”, he joined the Order of Chartered Accountants and Accounting Experts of Florence and began his own business as a chartered accountant by founding his own firm in 1997. Registered in the Register of Statutory Auditors, he has held and holds the office of statutory auditor and supervisory board member in banks (Cassa di Risparmio di Lucca Pisa Livorno Spa, Banca Ifigest Spa, Banca Area Pratese Sc, Banca di Pescia Sc), SGR ( Value Italy SGR Spa, QuattroR SGR Spa) and listed companies (Aeroporto G. Marconi di Bologna Spa and Montefibre Spa), operating in the credit, financial and industrial sector, belonging to corporate groups of national importance (Banco Popolare, Pirelli, Monte dei Paschi di Siena, Rekeep), with public participation, owned by investment funds (Value Italy SGR Spa, 21 Investimenti SGR Spa, Star Capital SGR Spa), gaining significant experience in corporate governance and control systems. He works as a judicial appointee at the Court of Florence and has gained almost thirty years of experience in insolvency proceedings in the function of bankruptcy trustee and commissioner and judicial liquidator in various arrangements with creditors.

Link to LinkedIn profile

Functions

The Board of Statutory Auditors is the body that is responsible for ensuring compliance with the law and with the Articles of Association and is has a supervisory role over the running of the company, being specifically required to verify compliance with the principles of proper management and the adequacy and the effective operation of the organisational, administrative and accounting structure adopted by IGD. Furthermore, it is responsible for overseeing the procedures adopted to effectively implement the corporate governance rules as provided for in the Corporate Governance Code, as well as for overseeing the adequacy of the provisions issued by IGD to its subsidiaries. Furthermore shareholders grant the assignment to the external auditors on the basis of the motivated opinion submitted by the Board of Statutory Auditors. In addition, the Board takes on the role of Committee for Internal Control and Financial Audit pursuant art. 19 of Legislative Decree n.39/2010.

The Chairman of the Board of Statutory Auditors is responsible for coordinating the work of the Board itself and for liaising with the other corporate bodies involved in the governance of control systems.

In 2023 the Board of Statutory Auditors met 9 times and each meeting lasted an average of 55 minutes.

Board of Statutory Auditors

Establishment and composition

Standing Auditors

Iacopo Lisi

Barbara Idranti

Massimo Scarafuggi

Functions

Number of meetings of the Board of Statutory Auditors

Rate of attendance at the Board of Statutory Auditors’ meetings (%)

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