LensCrafters 2011 Annual Report Download - page 162

ANNUAL REPORT 2011> 86 |
He has been an auditor of the Company since April 2009.
He is also an auditor of Falck Renewables S.p.A. and Carlo Tassara S.p.A., member of the
Board of Directors of Credito Artigiano S.p.A., Fastweb S.p.A., Seat Pagine Gialle S.p.A.
and Istifid S.p.A., Chairman of the Board of Auditors of Vittoria Assicurazioni S.p.A. and
Chairman of the Board of Directors of El Towers S.p.A.
Auditing Firm
The auditing activity is entrusted to an auditing company registered in the Register of
Auditors, whose appointment is approved by the Shareholders’ Meeting.
The auditing company serving until the approval of the financial statements for the year
2011 is Deloitte & Touche, in accordance with the resolution of the Shareholders’ Meeting
of June 14, 2006.
At the general meeting of April 28, 2011 the stockholders approved the recommendation
of the Board of Statutory Auditors to appoint Pricewater houseCoopers S.p.A. to carry out
the statutory audit of accounts for the nine-year period 2012-2020.
Manager responsible for the preparation of the Company’s financial reports
On April 29, 2009, the Board of Directors confirmed Enrico Cavatorta as the manager
responsible for the preparation of the Company’s financial reports.
The appointed manager will remain in office until: (a) termination of the entire Board of
Directors which appointed him; (b) dismissal from the office; or (c) revocation of the office
by the Board itself.
The appointed manager has been granted all the powers and resources necessary to
perform his duties according to the applicable regulations of the Italian Consolidated
Financial Law and of the related performance regulations. In particular, the appointed
manager has been granted wide powers connected to: (i) the preparation of adequate
administrative and accounting procedures for the preparation of both the separate and
consolidated financial statements as well as of any notice of a financial nature; (ii) the issue
of certifications pursuant to article 154-bis paragraph 2, of the Italian Consolidated Financial
Law with reference to the acts and the communications of the Company disclosed to the
market and relating to the accounting report, including half-year reports, of the Company;
and (iii) the issue, together with the Chief Executive Officer, of certificates pursuant to
article 154-bis paragraph 5, of the Italian Consolidated Financial Law, with reference to the
separate financial statements, the six-monthly financial statements and the consolidated
financial statements. More generally, the appointed manager has been granted the power
to perform any activity necessary or useful for the appropriate performance of the above-
mentioned task including power to expend Company funds within the limits of the powers
already granted to Mr. Cavatorta, with exception of the possibility to spend amounts in
excess of the above-mentioned limits, where necessary and upon specific and justified
request by the appointed manager, subject to prior approval by the Board of Directors.