Page 83 - Bilancio Sostenibilità Ratti 2020_en

Ratti Group
Sustainability report 2020

(the Group’s Code of Ethics, the Suppliers’ Code, stock exchange), to which it adheres voluntarily.
the Whistleblowing Policy), were updated at the The ICRMS focuses on the Ratti Group, although
end of 2018. All the Company’s subsidiaries have its activities also relate to the subsidiaries.
subsequently adopted the Code of Ethics and the The ICRMS of Ratti SpA is represented by the sum
Suppliers’ Code. total of the rules, procedures and organisational
The Model consists of twelve parts: a general structures whose purpose is to allow the
introductory part and eleven special parts which identification, measurement, management and
describe the details of the offence, recipients, monitoring of the principal risks, including those
general principles regarding behaviour in the relating to sustainability.
areas of activity at risk, as well as sensitive
activities, control protocols and, finally, the The BoD is responsible for the ICRMS and,
duties of the Supervisory Body. The role of the assisted by the Risks Control Committee, defines
Supervisory Body is to continuously oversee guidelines and periodically checks that the main
the principles of autonomy and independence, corporate risks have been identified, measured,
professionalism and continuity of action of the managed and monitored in an adequate and
Organisational Model. It verifies observance, proper manner. A meeting of the BoD is convened
effectiveness, actuation and updating with regard annually to analyse the trend for the main
to modifications to the structure or to the rules. corporate risks and to evaluate their impact on the
Company’s strategy and performance.
With regard to the actuation of the model, the
Body highlights any critical points through two The Director Responsible – in the shape of the
lines of reporting: on an ongoing basis, directly CEO – has the task of implementing the guidelines
to the Board of Directors and to the Risks Control of the BoD through the planning, management
Committee; on a six-monthly basis, with a written and monitoring of the ICRMS.
report given to the Board of Directors and the Ratti SpA has also established an Internal Audit
Board of Statutory Auditors. department, which supports the BoD, the Director
The Supervisory Body is obliged to promptly Responsible, the Risks Control Committee and the
inform the Board of Directors, the Board management in carrying out their respective tasks
of Statutory Auditors and the Risks Control in relation to the ICRMS.
Committee, with regard to provisions within Other control bodies include the Supervisory
their remit, of any transgressions, infractions Body, the Board of Statutory Auditors, the
and non-compliant behaviour that have been Manager Responsible and the Group Ethics
observed, and to suggest revisions, amendments Committee.
and additions that could prevent the above.
Since November 2018 the Supervisory Body has To maximise the efficiency of the ICRMS and
also managed the reporting flow from the new coordinate the activities of those involved Ratti
whistleblowing procedure. SpA, in compliance with the Code of Conduct, has
specifically separated control activities and has
implemented various organisational practices,
6.3 such as annual board meetings, regular reporting
Managing risks to to the BoD, the participation of the relevant
parties in meetings of the Control Committee,
include sustainability and the implementation and maintenance of the
management systems.

The internal control and risk
management system The prevention of corruption
Ratti SpA has an internal control and risk The regulations with regard to non-financial
management system (ICRMS) which complies reporting (Legislative Decree 254/2016), include
with the Code of Conduct of Borsa Italiana (Italian the fight against active and passive corruption.

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