Acri, the Association of Foundations and Casse di Risparmio Spa, and the Cndcec, the National Council of Chartered Accountants and Accounting Experts, have signed a memorandum of understanding aimed at increasing mutual collaboration, along the lines of a process started in 2010.
The objective of the agreement is to make available to the members of the control bodies of banking foundations guidelines and ideas for the exercise of their internal control and supervisory functions in the light of the memorandum of understanding signed by Acri
with the Ministry of the Economy and Finance in 2015 aimed, among other things, at defining operational and management efficiency and effectiveness parameters to be applied according to common conduct criteria among the Foundations.
“The Foundations of banking origin – declared Giuseppe Guzzetti, president of Acri – intend to pursue ever increasing objectives of transparency, impartiality, efficiency and effectiveness of their work. In pursuing these objectives, we attach significant importance to the control functions and activities carried out by the boards of statutory auditors, to which our foundations ensure independence and independent judgment"
Therefore we are counting a lot on this collaboration with Cndc, which will be able to make an important contribution - underlined Massimo Miani, president of Cndec - also due to the fact that Cndcec, within its own areas of competence, has established a specific area of delegation relating to the non-profit sector in which it has defined forms of independent control over the functioning of the entities themselves"
The collaboration between Acri and Cndcec takes the form of the establishment of a technical table, made up of five members for each of the two entities, which will focus its efforts on the development of rules of conduct and reference principles to be made available to the control of the Foundations for the exercise of the supervisory functions attributed to them regarding the adequacy of the organizational structure and management procedures.
