Organizational Model and Code of Ethics
Organizational Model and Code of Ethics – Legislative Decree 231/01
Rainbow has grounded its business and performs its every days activities in respect of core values of efficiency, correctness and loyalty.
For this purpose Rainbow has adopted the Organizational Model (“Model”) pursuant to the Italian D. lgs. n. 231/2001, that has introduced the administrative and criminal responsibility of entities for some criminal offences therein foreseen, updating and implementing its organization in compliance with such regulation.
The adopted Model consists of several elements such as: analysis of activities bearing potential risks, principles, rules and regulation of conduct, instruments of controls, procedures and protocols of controls, activities of training and information, disciplinary code, Supervisory Board (“Organismo di vigilanza”) and information flows. The Model mainly aim to prevent from any occurrence of the criminal offences indicated by the D. lgs. n. 231/2001.
The Organizational Model ex D. lgs. n. 231/2001 has been adopted by Rainbow with BoD resolution on March, 31st 2011.
Principles, dispositions and prescriptions of such a Model are binding for directors, employees and all persons operating for whatsoever reason on behalf and in the interest of Rainbow.
Rainbow has also adopted the Code of Ethics defining all values that have been duly recognized, accepted and shared at all levels during the performance of any company’s activities. Principles and rules included in the Code of Ethics are specifications of general duties of diligence, correctness and loyalty that connotes any execution of working activities, any behavior within the work environment and any activity of the company itself.
The Code of Ethics has been also adopted by Rainbow with BoD resolution on March, 31st 2011.
Additionally, pursuant to art. 6 par.1, b) of D. lgs. n. 231/2001 with same BoD resolution on March, 31st 2011 Rainbow has appointed a dedicated Supervisory Board disposing of powers of decision and control having the task of supervising functioning and respect of the Model, as well as its update on regular basis.