LensCrafters 2011 Annual Report Download - page 171

| 95 >REPORT ON CORPORATE GOVERNANCE AND OWNERSHIP STRUCTURE
YES NO
Summary of the grounds
for possible divergence from
the Code’s recommendations
Granting of authorities and transactions with related parties
The Board of Directors granted authorities defining their:
a) limits YES
b) conditions of exercise YES
c) and frequency of reporting? YES
Did the Board of Directors reserve the right to review and approve the transactions
involving a significant economic, asset or financial relevance (including transactions
with related parties)? YES
Did the Board of Directors define guidelines and criteria for the identification
of “significant transactions”? YES
Are the above-mentioned guidelines and criteria described in the Report? YES
Did the Board of Directors define specific procedures for the review and approval
of the transactions with related parties? YES
Are the procedures for the approval of transactions with related parties described
in the report? YES
Procedures of the most recent appointment of Directors and Auditors
Were the candidacies for the office of director submitted at least ten days in advance? YES
Were the candidacies for the office of director accompanied by extensive information? YES
Were the candidacies for the office of director accompanied by an indication
of the compliance with the requirement of independence? YES
Were the candidacies for the office of auditor submitted at least ten days in advance? YES
Were the candidacies for the office of auditor accompanied by extensive information? YES
Meetings
Did the Company approve Rules and Procedures for the Shareholders’ Meeting? YES
Are the Rules and Procedures annexed to the Report or is there an indication
as to where they may be found/downloaded? YES
They may be found and downloaded
on the website www.luxottica.com
Internal Control
Did the Company appoint internal control officers? YES
Are the officers independent from managers of operational areas? YES
Organization department responsible for internal control Internal Auditing
Investor relations
Did the Company appoint an investor relations manager? YES
Organization department and contact details (address/telephone/fax/e-mail)
of the investor relations manager
Investor Relations Director
Alessandra Senici
Via Cantù 2, Milano
Fax: [phone]
Tel: [phone]
[email protected]
3. OTHER
PROVISIONS OF THE
CODE OF CONDUCT