CPL CONCORDIA COMPANY THE NEW GOVERNANCE BOARD OF AUDITORS

Board of Auditors

The Board of Auditors oversees compliance with the laws and the Articles of Association, the principles of proper administration, and, in particular, the adequacy of the organisational, administrative and accounting structure adopted by the Company and its proper functionality. The Board of Auditors attends the Board of Directors' meetings and reports to the convened Shareholders' Assembly on matters relating to the approval of the Budget, the criteria followed by the company's management to achieve the company's objectives, and compliance with the laws regarding bookkeeping and the preparation of the financial statements. It consists of 3 statutory auditors and 2 alternates, who were elected by the Assembly on 29/08/2015 and will remain in office until the approval of the 2017 Financial Statements.

 Components of the Board of Auditors

Alessandro Clò

Chairman

Elio Di Odoardo

Statutory Auditor

Giorgia Butturi

Statutory Auditor

Federica Tullo

Alternate Auditor

Matteo Luppi

Alternate Auditor