Chrysler 2013 Annual Report Download - page 110

109
Report on
Operations
Board of Statutory Auditors
In accordance with Article 17 of the By-laws, the Board of Statutory Auditors is composed of three regular auditors and three alternates, all of
whom must be entered in the Register of Auditors and have at least three years of experience as a statutory account auditor. They may, within
the legal limit, also hold other positions as director or statutory auditor.
In accordance with Legislative Decree 58/1998, Article 17 of the Company’s By-laws establishes the right for appropriately constituted minority
groups to appoint one regular auditor, who serves as Chairman, and one alternate. The By-laws also establish that the minimum equity interest
required for submission of a list of candidates for elections of the Statutory Auditors may not be lower than the percentage required by law for
elections of the Board of Directors. The lists presented, together with the documentation required by law and the Company’s By-laws, must be
placed on record at the Company’s registered office at least 25 days prior to the date set for the General Meeting on first call.
On 4 April 2012, the Board of Statutory Auditors was elected using a voting list system.
The Statutory Auditors are: Ignazio Carbone, Chairman; Lionello Jona Celesia and Piero Locatelli, regular auditors; and Lucio Pasquini,
Fabrizio Mosca and Corrado Gatti, alternate auditors. The regular auditors Lionello Jona Celesia and Piero Locatelli were elected from the list
presented by the majority shareholder EXOR S.p.A. and Ignazio Carbone, Chairman of the Board of Statutory Auditors, was elected from the
minority list presented by a group of Italian and international asset managers and institutional investors holding 1.86% of shares (a complete
list of those shareholders is provided in the Annual Report on Corporate Governance). The minimum equity interest required to submit a list of
candidates was 1% of ordinary shares, as established by Consob with reference to Fiat’s average market capitalization for the fourth quarter of
2011. Additional information provided to Shareholders on the candidates and lists presented are available in the Investors section of the Group
website (www.fiatspa.com).
The Board of Statutory Auditors’ current term of office expires on the date of the General Meeting called for approval of the 2014 financial
statements. Following is a list of the most significant positions held by the members of the Board of Statutory Auditors. Ignazio Carbone is a
director of Banca Popolare del Frusinate S.c.p.a. and Enertronica S.p.A.; Lionello Jona Celesia is Chairman of the Board of Statutory Auditors
of Giovanni Agnelli e C. S.a.p.A., IBM Italia S.p.A., Lazard S.r.l., statutory auditor of ASTM S.p.A. and Chairman of the Board of Directors of
Banca del Piemonte S.p.A.; Piero Locatelli is a statutory auditor of Giovanni Agnelli e C. S.a.p.A. and Simon Fiduciaria S.p.A.