Management Committees

Management Committees

As part of a broader project for the reorganization of its control and governance system, Sisal Lottery Italia S.p.A. (“Sisal” or the “Company”) approved the establishment of the following Management Committees within its organization:
  1. Investments Committee;
  2. IT Committee; 
  3. People Committee;
  4. Sustainability Committee;
  5. Risks & Compliance Committee;
  6. Security Committee.

A brief description of the composition and functions of each of the above Committees is provided below.
 

Investments Committee
The aim of the Investments Committee is to support the Chief Executive Officer in the evaluation of investment proposals and analysis of the Company’s financial position.
 
The Committee comprises the following Members:
  • Chief Financial & Legal Officer (as Chairman)
  • Chief Executive Officer
  • Retail Managing Director
  • Betting Managing Director
  • International Managing Director
  • Lottery Managing Director
  • Online Managing Director
  • Gaming Machines & Online Casino Managing Director
  • Chief Information Officer.
The Committee is entrusted with the following tasks:
  • Evaluate the economic and financial sustainability and business logic of new investments;
  • Approve tangible investments from a strategic, legal and financial standpoint;
  • Review the financial performance of previously approved investments;
  • Analyse available cash;
  • Approve Capex;
  • Analyse corporate debt and the financial market;
  • Examine the trends of receivables and doubtful accounts;
  • Review the performance of procurement.

IT Committee
The aim of the IT Committee is to manage and mitigate IT-related risks, while ensuring that IT investments generate business value, to ensure uniformity of the architecture and infrastructure and to monitor the portfolio of strategic IT projects.
 
The Committee comprises the following Members:
  • Chief Information Officer (as Chairman)
  • Chief Executive Officer
  • Chief Financial & Legal Officer
  • Retail Managing Director
  • Betting Managing Director
  • International Managing Director
  • Lottery Managing Director
  • Online Managing Director
  • Gaming Machines & Online Casino Managing Director
  • Chief Risk & Compliance Officer
  • Internal Audit Director.
The Committee is entrusted with the following tasks:
  • Analyse IT performance;
  • Analyse the progress of major projects and their performance;
  • Review and approve strategic IT and Operations projects, assessing priorities and resource allocation;
  • Oversee the IT governance model and operations and ensure consistency with and adoption of the best practices (including purchasing decisions), as well as financial sustainability;
  • Analyse Capex and Opex performance and planning.

People Committee
The aim of the People Committee is to define key projects in the area of People Strategy and the group strategies regarding organizational areas and personnel and the related performance, monitoring the change management process and cultural integration.
 
The Committee comprises the following Members:
  • Chief People Officer (as Chairman)
  • Chief Executive Officer
  • Chief Information Officer
  • Chief Financial & Legal Officer
  • Retail Managing Director
  • Betting Managing Director
  • International Managing Director
  • Lottery Managing Director
  • Online Managing Director
  • Gaming Machines & Online Casino Managing Director
  • Chief Institutional Affairs & Communication Officer
  • Chief Risk & Compliance Officer
  • Internal Audit Director.
The Committee is entrusted with the following tasks:
  • Reach a consensus on the “People Strategy”;
  • Review and approve key projects regarding organizational areas and the workforce and the related performance;
  • Reach a consensus on initiatives regarding:
    • Involvement of people and internal communication (including welfare initiatives);
    • Programmes concerning social value initiatives relating to employees;
    • Compensation policy;
    • Diversity and inclusion;
    • Recruiting activities;
    • Trade union updates;
    • Organizational analysis and people development;
  • Monitor the findings of the surveys among employees (Employee Net Promoter Score, Great Place to Work...) and outcomes of the action plan;
  • Monitor the dashboard of HR KPIs;
  • Monitor the change management process and cultural integration.

Sustainability Committee
The Sustainability Committee was set up with the aim of improving the organization and coordination of activities in the socio-environmental field, defining strategies in the CSR area and in regard of Responsible Gambling.
 
The Committee comprises the following Members:
  • Chief Institutional Affairs & Communication Officer (as Chairman)
  • Chief Executive Officer
  • Chief Financial & Legal Officer
  • Retail Managing Director
  • International Managing Director
  • Online Managing Director
  • Gaming Machines & Online Casino Managing Director
  • Lottery Managing Director
  • Chief People Officer
  • Chief Risk & Compliance Officer
  • Internal Audit Director.
The Committee is entrusted with the following tasks:
  • Define CSR strategies;
  • Propose CSR initiatives;
  • Monitor CSR certifications;
  • Implement stakeholder engagement initiatives.

Risk & Compliance Committee
The aim of the Risk & Compliance Committee is to reach a consensus on initiatives in the Risk Management and Compliance area, discussing top corporate risks and emphasizing critical issues and the related remediation initiatives.
 
The Committee comprises the following Members:
  • Chief Risk & Compliance Officer (as Chairman)
  • Chief Executive Officer
  • Chief Institutional Affairs & Communication Officer
  • Chief Information Officer
  • Chief Financial & Legal Officer
  • Retail Managing Director
  • Betting Managing Director
  • International Managing Director
  • Lottery Managing Director
  • Online Managing Director
  • Gaming Machines & Online Casino Managing Director
  • Chief People Officer
  • Internal Audit Director.
The Committee is entrusted with the following tasks:
  • Strategic risk analysis;
  • Share internal auditing updates;
  • Share AML updates;
  • Share privacy updates;
  • Share compliance updates;
  • Monitor license KPIs.

Security Committee
The Security Committee aims to share updates on security issues.
 
The Committee comprises the following Members:
  • Chief Information Officer (as Chairman)
  • Chief Information Security Officer
  • Chief Executive Officer
  • Chief Financial & Legal Officer
  • Retail Managing Director
  • Betting Managing Director
  • International Managing Director
  • Lottery Managing Director
  • Online Managing Director
  • Gaming Machines & Online Casino Managing Director
  • Chief People Officer
  • Chief Risk & Compliance Officer
  • Internal Audit Director.
The Committee is entrusted with the following tasks:
  • Monitor Security performance and the related KPIs;
  • Updates on key safety initiatives;
  • Updates on safety-related certifications.