Governance

Board of Auditors

Role, appointment and composition




The Board of Auditors is the Supervisory Board of Rai Way, and is composed of three standing Statutory auditors and two alternate Statutory auditors. The election of the auditors is carried out through a list voting system, based upon lists presented by the shareholders who, either alone or alongside others, are the collective owners of the shares, with a right to a representative vote at least equal to the percentage of social capital established by relevant regulations.

The Board of Auditors was nominated by the Annual General Meeting (AGM) of 27 April 2021, and will remain in power until the approval of the annual accounts on 31 December 2023. The Statutory and alternate Statutory members of the Board of Auditors have been selected from a list presented by the majority shareholder, with the exception of the President of the Board of Auditors, Silvia Muzi, and the alternate Statutory president Paolo Siniscalco, who were selected from a minority list presented by institutional investors.

The composition of the Board of Auditors adheres to the laws and regulations of gender equality.

Silvia Muzi Chairperson
Barbara Zanardi Standing auditor
Massimo Porfiri Standing auditor
Cristina Chiantia Standing auditor
Paolo Siniscalco Standing auditor



Members of Board of Auditors

Silvia Muzi

Awarded a degree in Economics and Commerce in 1993 from the University of Rome "La Sapienza", she is a chartered accountant. Owner of a firm in Rome and Milan. She has been registered since 1996 in the Register of Chartered Accountants and since 1999 in the Register of Auditors at the Ministry of Economy and Finance. She completed a Master's degree in "Corporate Taxation and Extraordinary Transactions". Master’s degree in "Contract Law and International Trade" and Master’s degree in "Company Law", both from the Law Society of England and Wales in London. Highly specialised course in "International Taxation" at the Scuola Superiore dell'Economia e delle Finanze. Highly specialised master’s degree on “IFRS tax profiles”, organised by ASSONIME; master's degree "Board Academy", at LUISS Business School. “Induction Session” and related “Follow up” for Directors and Statutory Auditors of listed companies, organised by ASSONIME and ASSOGESTIONI. She is a consultant for Assonime. ABI Master for members of the Board of Statutory Auditors of listed banking companies. She has gained professional experience in financial companies as a member of advisory boards.

She carries out consultancy activities in the tax and corporate field and has many years of experience as a chartered accountant and member of supervisory bodies with particular focus on corporate governance in listed and public companies. She has held the position of Statutory Auditor in numerous companies including: Chairperson of the Board of Statutory Auditors CEMENTIR Holding S.p.a. Istituto Finanziario S.p.A., Energo Logistic S.p.A. IDS AIRNAV - ENAV Group; Professional Trust Company S.p.A. Ansaldo T&D Europe S.p.A. of which she was also a Statutory Auditor and Chairman of the Supervisory Board. Azienda Ambientale di Pubblico Servizio S.p.A. of Livorno, Ciano Trading and Services C.T. & S. S.p.A., Hospital Device S.r.l., Azienda Unità Sanitaria Locale ROMA D, LAZIODISU, public body employed by the Region of Lazio. She is currently Chairperson of the Board of Statutory Auditors of RAI WAY S.p.A., NEEP Holding S.p.A. and Stadio TDV S.p.A. (both of the NEEP ROMA Holding Group), as well as Standing Auditor of Banco Popolare di Milano S.p.A and of Esprinet S.p.A

Barbara Zanardi

Massimo Porfiri

Cristina Chiantia

Paolo Siniscalco