The Board of Statutory Auditors

The Shareholders’ Meeting sets a fixed annual amount for remuneration of the Board of Statutory Auditors.

After appointing the current Statutory Auditor assigned to the Compliance Programme Supervisory Body, the Board of Directors set his gross annual compensation in the amount of euro 25 thousand.

The Statutory Auditors are also entitled to reimbursement of the expenses they incur on official business.

In accordance with best practices, the Company implements an insurance policy called D&O (Directors & Officers) Liability covering the third party liability of corporate bodies, General Managers, Key Managers, Senior Managers and Executives in the performance of their functions. The purpose of this policy is to indemnify Pirelli for the cost of any compensatory damages deriving from the relevant provisions of the applicable national collective bargaining agreement and the laws and regulations governing appointed positions, with exclusion of wilful misconduct and gross negligence.