Organizational Management & Control Model

Further to a Board of Directors’ decision dated April 22, 2008, ad as amended with subsequent resolutions of the Board of Directors, last one on July 27, 2023, Manuli Ryco S.p.A. (hereinafter the “Company”) adopted a system of rules, defined as Organizational, Management and Control Model, in observance of the Italian law, and more precisely of the Italian Legislative Decree dated June 8th 2001, n. 231.

The lately amended Organizational Model responds to requirements of prevention and constitutes a performance of a duty imposed by the Italian law on all corporate bodies, companies, and associations, even those deprived of legal status, that may be summarized as a duty for an entity to avoid commission of some typologies of crimes and thus to organize itself in an adequate manner for such purpose.

The Company has also adopted the Guidelines of Organizational, Management and Control Model. With these Guidelines, the Company intends to communicate to proper foreign controlled affiliates and to the personnel posted abroad the fact of having adopted the Model, and to appeal to the Group’s personnel to observe the rules therein contained (save for respect of laws and principles that rule those issues in analogous way in a country of reference).

The Guidelines are in particular addressed to sensitize the current personnel of foreign companies, that find themselves to perform under the management or surveillance of Manuli Ryco’s top-level management or in relations of co-workers with Manuli Ryco’s personnel.