Internal Control

Internal Audit committee Internal Audit Department Supervisory Body

Internal Audit committee

Please refer to the section Committees within Board of Directors 

Internal Control System Superintendant

The Board appointed Mr. Ferruccio Bellelli with the tasks of:

  • verifying that the company’s internal control system is at all times adequate, fully operational and functioning;
  • periodically reporting to the Internal Audit Committee, the Board of Statutory Auditors and the Chairman of the Board on its activities and the manner in which risks are managed, and on compliance with plans set to minimize such risks;
  • assessing the suitability of the internal control system to achieve an acceptable overall risk profile


Internal Audit department

It has the specific task of monitoring the Group’s internal control system to ensure its efficiency and effectiveness. The Internal Audit manager is Ferruccio Bellelli. The Internal Audit department reports directly to the Chairman of the Board and reports on his activities to the Internal Audit Committee, the Board of Statutory Auditors and the supervisory authority established pursuant to Legislative Decree 231/01.


Supervisory Body

The internal control system was further strengthened with the adoption of the Organization, Management and Control Model, approved by the Board of Directors on 11 January 2006 and updated on 25 March 2010, to implement regulations pertaining to the “Rules for the administrative responsibility of public entities” pursuant to Legislative Decree 231/2001, in order to set up a system of procedures and controls aimed at minimising the risk that any of the crimes listed in the Legislative Decree would be committed.

What offences are covered by Legislative Decree 231/01?

Legislative decree 231/01 (2001) has introduced a system of corporate administrative liability for certain offences committed in the interest or to the advantage of a company, which is additional to the liability of the individual committing such an offence.
The main areas covered by Legislative Decree 231/01 are:

• offences against the public administration 
• computer crimes and unlawful data processing 
• crimes against the public trust: couterfeiting of money, public  bonds and stamps
• corporate offences
• market abuses
• terrorism-related offences
• breaches of health and safety regulations

A supervisory body was established for the purpose of promoting the correct and efficient implementation of the Saras Model.

GABRIELE PREVIATI              Chairman
GIOVANNI LUIGI CAMERA
FERRUCCIO BELLELLI 
ENRICO PADOVA











Saras is member of "Unione Petrolifera"