The Board of Auditors performs control functions with regard to the administration of the Bank to verify compliance with the law, the Statute and the General Regulations. It consists of five standing members, including the chairman, and two alternates. The members of the Board of Auditors are appointed by the shareholders' meeting to a term of office of three years and may be re-elected no more than three times.
The Board checks that the accounts are properly kept and that operations are correctly entered in the account records, examines the annual accounts and expresses its opinion on the distribution of the net profit.
This system of tasks will remain in force, according to the transitional provisions envisaged in Article 43 of the Bank of Italy's Statute, until the effective date of the new contract for audit services; thereafter, the checks on the proper keeping of the accounts and the correct entry of operations in the accounts will be carried out by the external auditor or auditing firm.
A member of the Board of Auditors participates in the meetings of the internal audit advisory committee as an observer.
Remuneration of the members of the Board of Auditors
Standing members of the Board receive an annual remuneration amount of €26,430 to the auditors and €31,710 to the chairman, gross of withholding taxes and social security contributions. The alternate auditors receive an annual amount of €10,000, gross of withholding taxes and social security contributions. These annual remuneration amounts have been approved until 31 March 2025.
Chairman: Gaetano Maria Giovanni PRESTI - Professor of Law, Università Cattolica del Sacro Cuore - Milan
Standing Auditor: Giuliana BIRINDELLI - Professor of Business Economics, 'Gabriele D’Annunzio' University of Chieti-Pescara
Standing Auditor: Anna Lucia MUSERRA - Professor of Business Economics, University of Bari
Standing Auditor: Giovanni LIBERATORE - Professor of Economics, University of Florence
Standing Auditor: Giuseppe MELIS - Professor of Tax Law, LUISS University Rome
Alternate Auditor: Paola Chirulli
Alternate Auditor: Andrea Nervi