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RATTI GROUP | SUSTAINABILITY REPORT 2021

general principles regarding behaviour in the SpA’s ICRMS is represented by the sum total
areas of activity at risk, as well as sensitive of the rules, procedures and organisational
activities, control protocols and, finally, the structures whose purpose is to allow the
duties of the Supervisory Body. The role of the identification, measurement, management and
Supervisory Body is to continuously oversee monitoring of the principal risks, including those
the principles of autonomy and independence, relating to sustainability.
professionalism and continuity of action of the The Board of Directors is responsible for the
Organisational Model. It verifies observance, ICRMS and, assisted by the Risks Control
effectiveness, actuation and updating with regard Committee, defines guidelines and periodically
to modifications to the structure or to the rules. checks that the main corporate risks have been
identified, measured, managed and monitored
With regard to the actuation of the model, the in an adequate and proper manner. A meeting
Body highlights any critical points through two of the Board of Directors is convened annually
lines of reporting: on an ongoing basis, directly to analyse the trend for the main corporate risks
to the Board of Directors and to the Risks and to evaluate their impact on the Company’s
Control Committee; on a six-monthly basis, with strategy and performance.
a written report given to the Board of Directors
and the Board of Statutory Auditors. The CEO has the task of ensuring that the main
The Supervisory Body is obliged to promptly corporate risks are identified, submitting these
inform the Board of Directors, the Board periodically to the Board of Directors, and
of Statutory Auditors and the Risks Control implementing the Board of Directors’ strategy
Committee, with regard to provisions within their through the ICRMS’ planning, management and
remit, of any transgressions, infractions and non- monitoring. Ratti SpA has also established an
compliant behaviour that have been observed, Internal Audit department, which supports the
Board of Directors, the CEO, the Risks Control
Committee and the management in carrying out
their respective tasks in relation to the ICRMS.
THE COMMITMENT TO PROMOTING Other control bodies include the Supervisory
AND ADOPTING HIGH ETHICAL Body, the Board of Statutory Auditors, the
STANDARDS IS STIPULATED Manager Responsible and the Group Ethics
IN THE GROUP’S CODE OF ETHICS, Committee.
IN WHICH ONE OF THE FUNDAMENTAL
PRINCIPLES IS “INTEGRITY AND THE FIGHT To maximise the efficiency of the ICRMS and
AGAINST CORRUPTION”. coordinate the activities of those involved Ratti
SpA, in compliance with the Code of Corporate
Governance, has specifically separated control
activities and has implemented various
and to suggest revisions, amendments and organisational practices, such as annual board
additions that could prevent the above. meetings, regular reporting to the Board of
Since November 2018 the Supervisory Body has Directors, the participation of the relevant
also managed the reporting flow from the new parties in meetings of the Control Committee,
Whistleblowing procedure. and the implementation and maintenance of the
management systems.
6.3 The prevention of corruption

Managing risks to The regulations with regard to non-financial
reporting (Legislative Decree 254/2016), include
include sustainability the fight against active and passive corruption.
The commitment to promoting and adopting
high ethical standards is stipulated in the
The internal control and risk Group’s Code of Ethics, in which one of the
management system fundamental principles is “Integrity and the
Ratti SpA has an internal control and risk fight against corruption”, through the adoption
management system (ICRMS) which complies of a structured system of organisational and
with the Code of Corporate Governance, to procedural measures containing rules, controls
which it adheres voluntarily. and reporting mechanisms aimed at preventing
The ICRMS focuses on the Ratti Group, although illegal behaviour and protecting the reputation of
its activities also relate to the subsidiaries. Ratti the company at global level.

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