Governance

    Juventus Football Club S.p.A., listed on Borsa Italiana, has a traditional administration system that divides powers between the Shareholders’ Meeting, the Board of Directors and the Board of Statutory Auditors.

    The corporate governance system of Juventus, comprising rules and methodologies for planning, management and control, which are necessary for Company operation, was defined by the Board of Directors in accordance with regulations applicable to listed companies to the Corporate Governance Code and is based on international and national best practice.

    Control environement key factors include:

    • ethical values (Code of Ethics)
    • the central role of the Board of Directors;
    • transparency of management;
    • the distribution of responsibilities for the management, monitoring and evaluation of the Internal Control and Risk Management System;
    • the risk management system in line with best practice;
    • the remuneration system focused on the specificities of the sector;
    • employees.

    Follows a brief description of roles and responsibilities of the control bodies of Juventus. For more details please refer to the Corporate Governance Reports.

    Board of Directors:

    • is vested with all and every power for the ordinary and extraordinary management of the Company
    • defines the guidelines of the Internal Control and Risk Management System (ICRMS) and determine the level of risk compatible with the Company’s strategic objectives
    • evaluates the adequacy of the ICRMS

    Director in charge of Internal Control and Risk Management System:

    • implements the guidelines defined by the Board of Directors
    • reports to the Control and Risk Committee (or BoD) issues and problems resulting from the activity

    Control and risk committee:

    • expresses opinions on the identification of the main risks for the company
    • expresses opinions about the adequacy and operation of ICRMS through the activities performed by the Internal Audit
    • reports to the Board of Directors on the activity carried out

    Remuneration and Appointments committee:

    • makes recommendations concerning remuneration plans for the Chief Executive Officers as well as the performance targets
    • periodically assesses the adequacy and the overall consistency of the remuneration policy

    Internal Audit:

    • assesses the adequacy and effectiveness of ICRMS
    • prepares periodic reports containing an evaluation on the adequacy of the ICRMS
    • assesses
    • the reliability of information systems including accounting systems

    Financial Reporting Officer:

    • implements adequate administrative and accounting procedures for the drafting of financial statements
    • attests, with CEO/CFO, about the adequacy and effective implementation of the administrative procedures for the Annual Report

    Risk manager:

    • ensures the implementation of an effective system for the identification, monitoring and governance of the main risks

    Privacy Officer:

    • ensures the protection of personal data

    Employees

    • depending on the specific tasks assigned within the Company, the employees ensure effective and efficient functioning of the Internal Control and Risk Management System

    Supervisory Body:

    • supervises the functioning and the observance of the Model of Organization, Management and Control
    • suggests new implementation of the Model to the BoD
    • reports to the Board of Directors on the outcome of the activities performed

    Board of Statutory Auditors:

    • assesses compliance with the law
    • verifies the observance of administration principles
    • for those aspects under its responsabilities, monitors the correct implementation of corporate governance regulations established by the ICRMS

    Independent Auditors

    • verifies the accounts and the correct entry of operations in accounting records