|Organization, Management and Control Model|
Organization, management and control model
ursuant to Italian Legislative Decree 231/2001
Finpiemonte Partecipazioni, in order to ensure more and more conditions of fairness and transparency in business and corporate activities, has adopted an organization, management and control model pursuant to Italian Legislative Decree 231/2001. The Legislative Decree regulates the "administrative liability" of companies for certain offenses committed by directors, employees or persons acting on behalf of the company.
This model, together with the Code of Ethics, has been adopted though the Decree does not recommended it as mandatory and represents a valuable awareness tool for all Company employees and all other stakeholders (customers, suppliers, partners, collaborators). In order to prevent the risk of committing the offenses provided in the Decree, the model enable the employees to adopt appropriate behavior in carrying out their activities.
With reference to the Supervisory Board identified by the Decree, Finpiemonte Partecipazioni has established a collegial body made up of a board member, with duties of President, the head of Internal Auditors and an external expert member.
The members shall be appointed by the Board of Directors by absolute majority and shall remain in office for the entire term of appointment.
The collegial body carries out its functions independently and does not work under any other business function, either senior management or the Board of Directors, to whom it reports the results of its activities. The body acts on the purposes assigned by law and directs his work to achieve these goals.
This section provides a summary of the Organisation, Management and Control Model pursuant to Legislative Decree no. 231/01 approved by the Board of Directors on 30/07/2008.
Requests for further information and clarification on the model shall be forwarded to the Head of Internal Auditors at: