Compliance

Piovan S.p.A. and its subsidiaries Aquatech S.r.l. and Penta S.r.l. adopted the Organization, Management and Control Model pursuant to Italian Legislative Decree 231 of 8 June 2001, on the administrative liability of legal entities and appointed a Supervisory Board with the aim of preventing the commission of crimes and administrative offenses and ensuring conditions of fairness, efficiency and transparency in the conduct of business and corporate activities, to protect their standing and image as well as the expectations of all stakeholders.

The Code of Ethics consists of a set of principles and values which must necessarily be adhered to in order to ensure the proper functioning, reliable management and sound reputation of Piovan Group.

Piovan requires and expects its corporate bodies, shareholders, employees, officers and collaborators as well as all those working on behalf of or in the interest of Piovan worldwide to act in accordance with the principles and values of the Code of Ethics.

Piovan Group promotes a corporate environment where breaches of the law or conduct deemed unlawful or inconsistent with the principles and values set out in the Code of Ethics can be reported without any adverse consequences.

Piovan encourages to report in good faith any irregularities through a specific channel capable of guaranteeing the confidentiality on the identity of the whistleblower as well as on the contents of the report, in compliance with the policies adopted in relation to whistleblowing. The body in charge of receiving and handling the reports is the Piovan Group Ethics Committee, composed of two department directors (HR and Finance) and an external professional.

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