Procedures

Transactions with Related Parties

The Company adopted a Related Party Transactions Procedure (RPT Procedure), whose updated version was approved by the Board of Directors held on August 3, 2023. The RPT Procedure sets out the principles to be followed by the Company to ensure that the transactions carried out with related parties are transparent and materially correct.

Any transfer of services, resources and obligations between related parties will be Related Party Transaction (RPT), regardless of whether any consideration is agreed or not.

The concept of ‘Related Party’ included in the RPT Procedure reflects that under the Consob Regulation, which in turn is inspired by IAS 24.

Related Party Transactions Procedure.pdf (304 KB)

2023.10.31 Information Document – JV Greater China (1713 KB)

Privileged Information

The Company has adopted a Regulation for managing privileged information internally and for disclosing such information outside the Company.  This is  to ensure compliance with the confidentiality obligations under applicable law provisions, to monitor both the access to and the spreading of the information which is or could become privileged information and to ensure that it is disclosed to the public following transparency, timeliness and non-selective criteria, in compliance with the law and regulatory provisions in force.  

The Company has also adopted a procedure for keeping and updating the list of the persons who have permanent or occasional access to privileged information on the Company, given their job or profession, or the duties fulfilled on behalf of the Company or of any subsidiaries.