_ approved the drafted by the person responsible for internal control and verifi ed its implementation; _ examined the activity carried out by Internal Audit in 2011, sharing the suggestions proposed and making additional recommendations; _ acknowledged the operating guidelines implemented by the Company during the year; _ examined the impairment test criteria adopted by the Company relative to the fi nancial statements at 31 December 2010 and approved the procedure for the relevant calculation; _ examined the annual report drafted by the Committee for Risks referred to 2010; _ acknowledged the outcomes of the Risk Assessment activity presented by the executive director in charge of controlling the effi ciency of the internal control system and the report prepared by the same; _ acknowledged the report drafted by the person responsible for internal control in relation to the self-assessment of the internal control system of Mondadori Group with reference to 2010; _ acknowledged the report drafted by the Supervisory Body in relation to the activity carried out during the year; _ analyzed the self-assessment process of the members of the Company’s Board of Directors.