Print page

Augustea’s committment to comply with rules and regulations and to fight corruption is governed by the Internal Control System, which measures and monitors the main risks associated with the company's activities and ensures the sound and proper management of the business.

Compliance with laws.The Group complies with all laws and, in general, all local, national or international rules and regulations applicable in Italy and in any other country in which it operates. In order to ensure compliance with this principle, Group companies adopt, among other things, organisational, management and control models (Model 231) aimed at preventing offences in general and the administrative responsibility of companies arising from offences.

Financial integrity and fraud prevention. The Group performs all economic and financial transactions according to principles of integrity and transparency and does not in any situation perform any fraudulent operation or transaction. For this purpose, all operations and transactions must be correctly authorised, verifiable, legitimate, fair and consistent.

Fighting corruption. The Group rejects corruption as a tool for conducting its business. Under no circumstances is it therefore permissible to corrupt or even attempt to corrupt the holders of elected public offices, public officials or persons appointed to perform public services, or private citizens. In particular, no one may offer, promise or give money or other benefits in order to obtain undue benefits for the Group or himself/herself. Furthermore, no one may demand money or other benefits to perform undue services.

In 2011, in order to promote its commitment to this issue, Augustea voluntarily expanded its compliance programme to cover risks of corruption through the adoption of the Anti-bribery and anti-corruption policy aimed at providing a systematic framework of reference on standards and procedures on anti-corruption. This policy ensures full compliance with the Code of Ethics and has been developed in line with existing anti-corruption legislation and international conventions (including the Italian Legislative Decree No. 231 of June 8, 2001 and the UK Bribery Act of April 8, 2010).