LensCrafters 2011 Annual Report Download - page 270

ANNUAL REPORT 2011> 194 |
Taking in consideration the nature of these activities and related fees, that were
assigned to Deloitte & Touche S.p.A. and the companies within its network by Luxottica
Group S.p.A. and the other companies of the Group, there are no aspects that give the
Board of Statutory Auditors reason to doubt the independence of Deloitte & Touche
S.p.A.;
q) with separate proposal, the Board of Auditors submitted also to the approval of the
Shareholders the change in fees for PricewaterhouseCoopers S.p.A., in charge of the
audit of the statutory financial statement and consolidated financial statement for the
nine year period 2012–2020 approved by the shareholders’ meeting on April 28, 2011.
This change is needed because of the demerger transaction mentioned in note b)
point 1, that resulted in an increase of the fees for the new activities on Luxottica
Group S.p.A. and a corresponding reduction in the fees for Luxottica S.r.l.;
r) in accordance with article 144–quinquesdecies of the Regulations for Issuers, the
appointments of the Board of Auditors’ members are disclosed as of the date of this
report in the attachment;
s) during the 2011 fiscal year the Board of Auditors met eight times, the Board of Directors
met eight times and the Internal Control Committee met eight times.
Finally, we express our assent, within the limits of our responsibility, to the approval of
the financial statements together with the Management Report for the 2011 fiscal year as
presented by the Board of Directors, and to the consequent proposal, made by the Board
itself, for a net income distribution of Euro 180,9 millions.
Number of appointments held
by Board of Statutory Auditors’
members Position
Number of appointments in:
Companies
of the Group Listed companies
Other
companies
Francesco Vella Chairman 0 2 2
Enrico Cervellera Auditor 0 4 4
Alberto Giussani Auditor 0 5 3
Milan, 3 April 2012