GovernanceCorporate Governance

Code of Ethics and LD No. 231/2001

On 16 December 2016, the Italiaonline Board of Directors approved the new Code of Ethics and the “Group Guidelines for the implementation of the management, organisation and control Model” (the “Guidelines”), aimed to prevent crimes and frauds.

Both documents have a double value, on the one hand in illustrating the system of procedures and controls required by the Board, aimed at reducing the risk of criminal offences, on the other in providing behavioral guidelines and prohibitions intended to promote business ethics, compliance with laws and regulations and, not least, the operational effectiveness and efficiency, in the interest of the stakeholders.

A special emphasis is placed on customer satisfaction, corruption prevention, gender equality, workers protection, health and safety and transparency.

For a comprehensive approach, the Guidelines – as master document of the Organizational Model “231” – have been drawn up according to the Legislative Decree No. 231/2001 scheme (relating to administrative or criminal liability of Legal Entities for criminal offences committed by high-level company executives or persons placed under their managerial control or supervision) and taking into account the 2014 Confindustria guidelines, the doctrinal and jurisprudential orientations, also anticipating new tools to encourage the confidential reporting, as the section dedicated to the protection of the so-called whistleblowers, in accordance to the Corporate Governance Code for listed companies and the evolution of the law.

To support the Supervisory Body as well as the Supervisory Bodies of the subsidiaries, is set up an Ethical Committee composed of the Head of Internal Audit and Compliance, the Chief Human Resources Officer and the Chief Legal and Corporate Affairs to ensure a multidisciplinary perspective on the issues addressed.

On 11th May 2017, the Board of Directors of the Company appointed, following the expiration of the previous term, the new Supervisory Body, pursuant to Legislative Decree No. 231/2001, which is composed as follows: Giancarlo Russo Corvace, as Chairman, Angelo Jannone, Chief Internal Audit & Compliance Executive, as internal component, and Giuseppe Vaciago, Lawyer, as external member.

Group guidelines for the implementation of the management, organisation and control model (Legislative Decree 231/2001)

Code of ethics of Italiaonline S.p.A.