Legislative Decree No. 231 of June 8, 2001 231 is concerned with “Regulations on the administrative liability of legal persons, companies and associations, including those without legal personality.” Associative entities, including corporations, can be held liable in connection with certain crimes committed in their own interest or to their own advantage by individuals belonging to top management or by employees, collaborators, external consultants, and third parties. On June 30, 2020, the Governing Body of World Painting S.r.l. (hereinafter “the Company”) approved its Organization, Management, and Control Model pursuant to Legislative Decree No. 231/2001 231/2001 (hereinafter “Model”) to fulfill the necessary conditions for exemption from administrative liability of the Entity, under the provisions of Legislative Decree No. 231/2001.
The Company has also adopted a Code of Ethics,, which stipulates that all business activities must be carried out in compliance with the law, according to principles of seriousness, reliability, professionalism, integrity, honesty, fairness, respect, and transparency, as well as with respect for the interests of its external stakeholders. These principles underpin the Company’s commitment to uncompromising ethical conduct geared toward maintaining a solid and recognized reputation.
The Company has established, according to Article 6 paragraph 1 letter b) of Legislative Decree its own Supervisory Board (SB) in a collegial composition, endowed with full and autonomous powers of initiative and control over the Company’s activities. The SB is in charge of supervising the effectiveness, updating, and observance of the Model adopted by the Company and its constituent elements, in order to prevent crimes from which the administrative liability of the Entity may arise.
The Supervisory Board is composed of Dr. Manuela Maria Piccini (Chairman) and Dr. Chiara Calbucci.
In order for the Supervisory Board itself to fulfill its task, the Company has established a system of information exchange based on which employees, as well as those who cooperate in the pursuit of the Company’s purposes, are required to promptly inform the Supervisory Board about any violation of the Model and its constituent elements, as well as about any other aspect potentially relevant to the application of Legislative Decree 231/2001 (e.g., illegal or ethically incorrect situations). All communications to the Supervisory Board (reports or periodic information flows) must be made through the use of the appropriate form below.