In 2019 the Board of Statutory Auditors met 23 times, duly recording the respective minutes; moreover, the Board of Statutory Auditors had meetings with the Control and Risks Committee and the heads of the different corporate functions – including Internal Audit – with a focus on assessing the adequacy of the internal control and risk management system, and with the external auditors to share information. The Board of Statutory Auditors also met the members of the Supervisory and Oversight Body, of the Boards of Statutory Auditors of the Mondadori Group subsidiaries and the independent auditors in order to exchange information and regulatory updates.

Board of Statutory Auditors

OfficeMembersTerm*List**Independence as per Code% attendance rate for meeting of Board of Statutory AuditorsNumber of other positions held**
ChairmanSara Fornasierofrom 24/04/2018
to 31/12/2020
 mX100.003
Standing auditorFlavia Daunia Minutillofrom 24/04/2018
to 31/12/2020
 MX91.312
Standing auditorEzio Simonellifrom 24/04/2018
to 31/12/2020
 M X76.2611

Quorum needed to present a slate of candidates at the last appointment: 2.5%
The Company’s applicable minimum ownership stake for shareholders to submit a slate of candidates was determined by Consob resolution no. 28 of 30 January 2020: 2.5%
Number of meetings that took place during the fiscal year: 23

NOTES
* the end date of the term is to be understood as the date of the Shareholders’ Meeting to approve the financial statements for the fiscal year ended 31 December 2020.
** M= member appointed from the list voted by majority; m= member appointed from the list voted by a minority;
*** this column reports the number of positions held by the person concerned as director or statutory auditor pursuant to article 148 bis TUF. The complete list of these positions is published on Consob’s website, in accordance with article 144-quinquiesdecies of the Consob Issuers Regulation. In the Corporate governance report, only the positions held in other listed companies are described in more detail.