Responsibility for the design and supervision of the system to verify its adequacy and effective functioning lies with the Supervisory Board (which employs the Internal Control Committee to assist it) and the Management Board (which designated an executive board member from amongst its members – Alfredo Gusmini – responsible for overseeing the proper functioning of the internal control system) which approved the “Principles for the organisation of the internal control system of the UBI Group”, applicable to all Group member companies.