Juventus Football Club S p A : Report on Corporate Governance 2020/2021

REPORT ON CORPORATE GOVERNANCE

Approved by the Board of Directors on 17 September 2021

REPORT ON CORPORATE GOVERNANCE

AND OWNERSHIP STRUCTURE

pursuant to Article 123-bis of the Consolidated Law on Finance

(Traditional administration and control model)

Issuer: Juventus Football Club S.p.A.

Website: www.juventus.com

Financial year the Report refers to: 2020/2021

Date of the Report: 17 September 2021

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TABLE OF CONTENTS
GLOSSARY.......................................................................................................................................................	4
INTRODUCTION ..............................................................................................................................................	7
1.	PRESENTATION OF THE COMPANY ................................................................................................	7
1.1.	Issuer Profile.........................................................................................................................................	7
1.2.	Corporate Governance Model .............................................................................................................	8
1.3.	Principles and values .........................................................................................................................	10
1.4.	Declaration on the nature of SME.....................................................................................................	10
2.	OWNERSHIP STRUCTURE................................................................................................................	10
2.1.	Share capital .......................................................................................................................................	10
2.1.1. Share capital structure and significant shareholdings...................................................................	10
2.1.2. Restrictions on the transfer of securities ........................................................................................	11
2.1.3. Securities that confer special rights.................................................................................................	11
2.1.4. Shareholdings of employees: mechanism for exercising voting rights........................................	12
2.1.5. Restrictions on voting rights .............................................................................................................	12
2.1.6. Shareholder agreements ...................................................................................................................	12
2.1.7. Change of control clauses and provisions of the By-Laws concerning take over bids...............	12
2.1.8. Authorisations to increase company share capital and for the purchase of treasury shares ...	12
2.1.9. Agreements concerning allowances for Directors .........................................................................	12
2.1.10.. Regulations applicable to the appointment and replacement of Directors and to amendments
	made to the By-Laws..........................................................................................................................	12
3.	DISCLOSURE ON CORPORATE GOVERNANCE.............................................................................	12
3.1.	Shareholders' Meeting and rights of Shareholders.........................................................................	13
3.1.1.	Procedures for convening and attending the Shareholders' Meeting...........................................	13
3.1.2.	Shareholders' Meeting .......................................................................................................................	15
3.2.	Board of Directors ..............................................................................................................................	15
3.2.1.	Composition........................................................................................................................................	15
3.2.2.	Role of the Board of Directors...........................................................................................................	19
3.2.3.	Meetings..............................................................................................................................................	21
3.2.4.	Self-assessment of the Board of Directors and Committees........................................................	21
3.2.5.	Remuneration of Directors and Managers with strategic responsibilities ...................................	22
3.2.6.	Composition of the Board of Directors ............................................................................................	22
3.3.	Internal committees of the Board of Directors................................................................................	22
3.3.1.	Remuneration and Appointments Committee.................................................................................	23
3.3.2.	Control and Risk Committee .............................................................................................................	24
3.4.	Board of Statutory Auditors...............................................................................................................	27
3.4.1.	Composition........................................................................................................................................	27
3.4.2.	Role of the Board of Statutory Auditors ...........................................................................................	28
3.4.3.	Meetings..............................................................................................................................................	29
3.5.	Independent Auditors.........................................................................................................................	30
3.6.	Internal Control and Risk Management System..............................................................................	31
3.6.1 Main players in the Internal Control and Risk Management System and their roles and
responsibilities...............................................................................................................................................	33
3.6.2 Coordination among entities involved in the Internal Control and Risk Management System....	37
3.6.3. Identification, evaluation and management of risks .......................................................................	37
3.6.4 Evaluation of the system's adequacy ................................................................................................	38
3.6.5 Internal Control and Risk Management System in relation to the Financial Reporting process .39

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3.6.6 Organisation, Management and Control Model pursuant to Legislative Decree 231/2001.........	41
3.6.7. Organisation, Management and Control Model pursuant to Article 7, paragraph 5, FIGC By-
	Laws.....................................................................................................................................................	43
3.6.9. Interests of Directors and Related-PartyTransactions...................................................................	44
3.7.	Processing of company information and inside information in particular...................................	45
3.8.	Relations with Shareholders and Investors .....................................................................................	46
4.	CHANGES AFTER THE END OF THE FINANCIAL YEAR...............................................................	46

5. CONSIDERATIONS ON THE LETTER OF 22 DECEMBER 2020 FROM THE CHAIRMAN OF

THE CORPORATE GOVERNANCE COMMITTEE ...........................................................................	47
SUMMARY TABLES......................................................................................................................................	48

This is a non-binding English courtesy translation of "Relazione sulla Corporate Governance 2021". The Italian version of "Relazione sulla Corporate Governance 2021" is the only official document having legal effects. In case of any discrepancies between the official document in Italian and the English translation, as well as in case of any dispute on the content of the document, the document in Italian shall always prevail.

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GLOSSARY
Shareholders' Meeting	Shareholders' Meeting of Juventus.
Shareholders	Juventus Shareholders.
Code of Conduct	The Code of Conduct of listed companies in the
	version approved in July 2018 by the Committee
	for Corporate Governance and promoted by
	Borsa Italiana S.p.A., ABI, Ania, Assogestioni,
	Assonime and Confindustria.
	The Code of Conduct is available on the website
	of the Committee for Corporate Governance at
	the	following	link:
	http://www.borsaitaliana.it/comitato-
	corporate-governance/codice/codice.htm.
Code of Ethics	The Code of Ethics adopted by Juventus.
Board of Statutory Auditors	The Board of Statutory Auditors of Juventus.
Control and Risk Committee	Committee with an advisory role for internal
	control and risk management, established
	within the Board of Directors.
Remuneration and Appointments Committee	Committee with an advisory role for
	remuneration policies for Directors and
	managers with	strategic	responsibilities,
	established within the Board of Directors.
Board of Directors	The Board of Directors of Juventus.
Legislative Decree 231/2001	Italian Legislative Decree no. 231 of 8 June
	2001, as amended ("Provisions on the
	administrative liability of corporate bodies,
	companies and associations, also without legal
	status, pursuant to Article 11 of Italian Law no.
	300 of 29 September 2000").
Financial Reporting Officer	The Juventus Financial Reporting Officer
	appointed by the Board of Directors in
	compliance with Article 154-bis of the
	Consolidated Law on Finance.
Head of Internal Audit	The Head of Juventus Internal Audit
	department.
Financial year	The financial year to which the Report refers.
231 Model	The Organisation, Management and Control
	Model required by Legislative Decree 231/2001,

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