LensCrafters 2010 Annual Report Download - page 110

ANNUAL REPORT 2010> 108 |
SECTION III – SUMMARY OF THE MOST RELEVANT CORPORATE EVENTS SUBSEQUENT TO THE
CLOSING OF FISCAL YEAR 2010
Below is a summary of the most significant events that occurred after the closing of fiscal year 2010 up to the date of this
Report. The most significant events have already been described in the paragraphs above.
After closing the 2010 fiscal year, the Board of Directors:
in accordance with the application criteria 1.C.1. (a) and 1.C.1. (b) of the Code of Conduct, approved the annual (a)
report concerning the organizational and accounting corporate structure of Luxottica Group, identifying strategically
important subsidiaries;
on the basis of the answers to a specific questionnaire, assessed the size, composition and performance of the Board (b)
itself and of the Committee in compliance with Application Criteria 1.C.1. (g) acknowledging the adequacy of the
composition of the Board, of the Committee and their respective performances;
evaluated the meeting of the independence requirement, based on the information available and the information (c)
provided by the non–executive Directors by virtue of the provisions of the Italian Consolidated Financial Law and of
the Code of Conduct, determining Roger Abravanel, Mario Cattaneo, Claudio Costamagna, Ivanhoe Lo Bello, Marco
Mangiagalli, Gianni Mion and Marco Reboa to be independent directors;
verified that the present composition of the Board of Directors is compliant with the criteria established with respect (d)
to the maximum number of posts to be held in other companies;
decided to allocate specific funds to be made available to the Internal Control Committee and to the Human Resources (e)
Committee, as well as to the Board of Statutory Auditors in its capacity as Audit Committee and to the Supervisory
Board in order to provide them with adequate financial resources to perform their respective tasks in compliance with
Application Criteria 5.C.1. (e);
evaluated the adequacy, efficiency and effective functioning of the internal control system as described in the report (f)
in point a) above and by the report of the Internal Control Committee in compliance with Application Criteria 8.C.1.
(c);
approved the audit plan for 2011, already approved by the Internal Control Committee.(g)
In accordance with the provisions of the Code of Conduct, the Board of Statutory Auditors assessed the evaluation made
by the Directors on their independence and has verified the compliance with the requirements for each individual auditor
as outlined by the Code of Conduct (articles 10.C.2 and 3.C.1).
Milan, February 28, 2011