The Legislative Decree no 231 dated 8 June 2001 concerns the “Discipline of the administrative responsibility of legal entities, companies and associations, including those without a legal status”. Associations, including limited companies, may be held responsible for certain crimes or violations committed in their own interest or benefit by the company’s top managers or employees, collaborators, external consultants and third parties. On 6 December 2018, the Board of Directors of FRANCHI UMBERTO MARMI S.p.A. (hereinafter “the Company”) approved its Model of Organisation, Management and Control under Legislative Decree no 231/2001 (hereafter referred to as the “Model”) in order to meet the conditions required for the exemption of the administrative responsibility of the entity, as provided for in Legislative Decree no 231/2001.

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The Company has also adopted a Code of Ethics, which establishes that all business activities must be carried out in accordance with the law, according to the principles of seriousness, reliability, professionalism, integrity, honesty, fairness, respect and transparency, and respect for the interests of the company’s shareholders external. These principles are the cornerstones of the Company’s commitment to uncompromising ethical conduct, aimed at maintaining a solid and recognised reputation.

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The Company has established, pursuant to art. 6, paragraph 1, letter b) of Legislative Decree no 231/2001, its own Supervisory Board (hereafter referred to as the “OdV”), with full and autonomous powers of initiative and control over the activities of the Company. The OdV is responsible for monitoring the effectiveness, updating and observance of the Model adopted by the Company and its constituent elements, in order to prevent the crimes or violations that may generate an administrative responsibility for the entity.

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In order to be able to fulfil OdV duties, the Company has established an information exchange system under which employees and those cooperating in the pursuit of the Company’s objectives are required to inform the OdV of any violation of the Model and its constituent elements, as well as any other potentially relevant aspect for the application of Legislative Decree no 231/2001 (for example, illegal or ethically incorrect situations). All communications to the OdV (reports or periodic information flows) must be forwarded using the e-mail address given below:

 odv@franchigroup.it 

If the recipients of the Model and the Code of Ethics conduct behaviour in violation of the principles and rules contained therein, they will be subject to the disciplinary measures provided for by the sanctioning system 231, which is an integral part of the Model itself.

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