Legislative Decree n.231 of the 8th of June 2001, concerning the "Regulations governing the administrative liability of legal entities, businesses and associations, even those not incorporated" (in force as of the 4th of July 2001), in implementation of law made under delegate powers n. 300/2000, introduced into Italian Law, in accordance with that set out by European Law, a new system of liability known as "administrative liability" (largely penal in nature), governing bodies, legal entities and businesses, deriving from the committal or attempted committal by a director, employee or partner, of determined types of crime committed in the interests of the business. This liability is combined with the penal liability of the physical person that actually committed the crime.
Milano Serravalle â€“ Milano Tangenziali S.p.A., being sensitive to the need to ensure correct behaviour and transparency in business affairs and company activities in order to protect the position and public image of the company and its subsidiaries, to fulfil the expectations of shareholders and company employees, has deemed that the adoption of the Management and organisational model and Ethical Code set out by Legislative Decree 231/2001 is in line with its company policy.
The Ethical Code highlights the values (honesty, loyalty, good faith, fairness, correct behaviour, diligence, transparency and impartiality), that should guide the activities of all those who collaborate on a permanent or temporary basis with the Business and with the Group.
The aim of the Ethical Code is to provide general ethical-behavioural guidelines to be followed when performing tasks as well as preventing unlawful administrative acts as set out by Legislative Decree n. 231/2001.
The company adopted the Organisational Model and Ethical Code on the 20th of November 2006. Ethical Code was updated on the 15th of March 2011, the Organizational Model was updated on the 19th of April 2013.