Governance
Regulatory framework
Legislative Decree no. 231 of 8 June 2001 introduced into Italian law a system in which corporations may have administrative liability for certain unlawful acts committed by directors, managers or employees in the interest or to the benefit of the organization.
Adoption of the organisational model
BFP Group prevents the perpetration of the unlawful acts set out in the Legislative Decree through the adoption and effective implementation of a specific organizational, management and control model (“the Model”). The Model is based on criteria of good management practice with the aim of establishing a comprehensive system of guiding principles, control activities, operating procedures and other specific supervisory measures to be carried out mainly in a preventive manner and in such a way that it cannot be violated except by fraudulently circumventing its provisions.
The Supervisory Body is responsible for overseeing compliance with the provisions of the Organizational Model, verifying their effectiveness and evaluating the need to update them.
The Model is periodically updated to incorporate organizational and process changes and new types of offenses that may expand the scope of application of Legislative Decree 231/2001.
The Code of Conduct is an integral part and essential element of the Model.
