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Report on operations

are relevant to the manager’s activities are being discussed and that the manager
should have access all the documents and resolutions of Company Boards that have
repercussions on the result of operations or the assets or the financial position of
ENAV.
The role of Manager Responsible for Company’s Accounting Documents was also
introduced in the controlled subsidiary Techno Sky.

Board of Statutory Auditors
The Board of Statutory Auditors of ENAV is composed of 3 standing members and
two substitute members.
The Shareholder’s Meeting of 11 June 2013 nominated Paola Ferroni as Chairperson
of the Board of Statutory Auditors,Vincenzo Donato and Antonio Parente as standing
members and Daniela De Vincenzo and Riccardo Monaco as substitute members for
the 2013–2015 three-year period ending upon the approval of the 2015 Financial
Statements.
In July 2015 Vincenzo Donato and Antonio Parente resigned from their appointment
as members of the Board of Statutory Auditors the two Substitute Members took
over their positions.
Subsequently, during the Shareholder’s Meeting of 20 July 2015 a resolution was
passed to increase the number of members of the Board of Statutory Auditors
pursuant to Article 2401 of the Italian Civil Code appointing two new standing
members, namely Gennaro Pappacena and Donato Pellegrino. confirming the
previous substitute members in their role.
In 2015 the Board of Statutory Auditors of ENAV met 10 times.
For the purposes of article 2403 of the Italian civil code, the Board of Statutory
Auditors supervises compliance with the law and the articles of association,
compliance with principles of proper administration and, specifically, the adequacy
and effective functioning of the organizational, administrative, and accounting
structure adopted by the Company.
Following the issue of listed Bonds on 4 August 2015 and upon ENAV acquiring the
status of an Entity of Public Interest on that date, the Board of Statutory Auditors
also fulfilled the functions of an Internal Control and audit Committee pursuant to
the provisions of Article 19 of the Legislative Decree No. 39/2010.

Magistrate of the Court of Accounts delegated to the control of financial
management
ENAV is subject to financial and budgetary audits by the Court of Accounts, which
reports annually to the Italian Parliament for the purposes of article 12 of Law No.
259 of 21 March 1958 regarding the legitimacy and consistency of management and
the operation of internal controls. The report on the audit conducted on the financial
management of ENAV S.p.A. for financial year 2014 was issued in December 2015.
The magistrate assigned to audit the Company participates in meetings of Company
boards.

ENAV - Annual financial report 2015 17