Organisation and Operation Manual of the Internal Audit Unit

These Bylaws, approved through the resolution of the Board of Directors in January 2023, regulate the corporate implementation of the Internal Audit Department, which constitutes an internal unit of the Company that is  functionally dependent on the non-executive Chair of the Company’s Board of Directors and of the Audit Committee, and hierarchically of the Chief Executive Officer of the Organisation. Its core activity consists of independently, objectively and proactively ensuring the effectiveness and efficiency of governance processes, risk management and internal controls within the Group’s scope, with the mission of enhancing and protecting the value of the organisation by providing control, assurance, advice and risk-based analysis. Internal audit activity helps the organisation meet its objectives by providing a systematic and disciplined approach to evaluating and improving the effectiveness of governance, risk management, and control processes.