Again in 2005, Benetton Group paid particular attention on corporate governance, continuing to evolve the organizational structure in accordance with Italian and international best practices and the standards required by the Italian Corporate Governance Code for listed companies (Codice di Autodisciplina delle Società Quotate).
The system of corporate governance, as outlined below, is inspired by the principles of fairness and transparency in management and information and includes an ongoing process of verifying its efficiency and efficacy.
The Company has adopted the traditional system of corporate governance by which the company is led by a Board of Directors, while the body that oversees observance of the law, the Company’s bylaws and the principles of proper administration is the Board of Statutory Auditors, while an independent auditing firm provides for the auditing of the accounts.
Within this system of governance, the Internal Audit Committee plays a key role, as described in greater detail below.
Benetton Group Governance - 2005
