2012 Sustainability Report
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| prysmian group | 2012 Sustainability Report
Organisational Model
(Decree 231/2001)
By resolution of the Board of Directors on 24 January 2006, the
Company has adopted an organisational model (the "Model")
in compliance with the requirements of Decree 231/2001.
This model is periodically updated following
the introduction of new offences and the outcome of internal
checks carried out to ensure its proper implementation.
The revisions took account of the extension of corporate
administrative liability to include new types of offence, and of
the changes made to the Company's organisational structure
subsequent to initial adoption of the current Model.
The Model developed for the Company therefore fully reflects
the guidelines identified by analysing and mapping business
processes exposed to the risk of wrongdoing, and is consistent
with the Company's specific characteristics. Accordingly, the
Model meets all the effectiveness requirements established
by law.
The Model adopted by the Company comprises the following
documents:
(a) Code of Ethics. This sets out the general principles of
behaviour (transparency, integrity and fairness) that
underpin the conduct of business and which are also
relevant for the purposes of Decree 231/2001; it also
sets out the goals and values that drive the Company's
business;
(b) rules of conduct. These contain specific rules for dealing
with public officials and are designed to satisfy the
specific requirements of Decree 231/2001 with regard to
the prevention of potential risk situations. In substance,
these rules establish conduct to be actively adopted and
conduct to be avoided, thus translating the contents of
the code of ethics into practical guidance.
(c) rules of governance. This descriptive document is
organised as follows:
• Introduction: description of the business and
organisation of Prysmian, thus putting the Model
into its specific corporate context;
• First Section: general description of the contents of
the Decree and the purpose of the Model;
Second Section: details of the specific rules of governance
required by the Model;
the document also contains a list and description of offences,
the organisation chart, the contract clauses and the list
of protocols. It also describes how to update the Model
and includes a chapter on the Supervisory Body (duties
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ECONOMIC AND FINANCIAL RESPONSIBILITY
