_ analysed the changes contained in the new Code of Conduct for listed companies published by Borsa Italiana on to the Control and Risks Committee in relation to the recommendations contained in the new Code; _ approved the 2012 annual programme of Internal Audit activities for the Company and its subsidiaries prepared by the Internal Control Manager, and verifi ed its implementation; _ examined the activities carried out by Internal Audit in 2012, adopting the recommendations made and making its own; _ acknowledged the operating guidelines implemented by the Company over the year; _ examined the preliminary impairment test criteria relating to the fi nancial statements for the year ending 31 December 2011; _ examined the annual report of the Control and Risks Committee; _ analysed the results of activities conducted by Risk Assessment; _acknowledged the report of the head of Internal Audit; _ analysed the self-assessment process of members of the Company’s Board of Directors; _ examined the activities of Internal Audit and monitored the implementation of operating guidelines at the French affi liate; _ adopted and approved the guidelines of Risk Management with a view to implementing formal procedures for the activity; _ examined the report of the head of Internal Audit on the changes in the internal control and risk management system in relation to the Code of Conduct.