You are here Home Group Governance Internal audit and risk management INTERNAL AUDIT AND RISK MANAGEMENT A management and control model that guarantees transparency and pragmatism is also a model for true growth. SHARE The Group's procedures and policies constitute a solid benchmark of ethical business management for all employees and stakeholders. The principles we apply are outlined in our Code of Ethics, and these are binding for all Feralpi directors and employees, and any person or organisation working with one or more of our companies. Some of the Code's fundamental principles concern: The Feralpi Group Code of Ethics provides a reference tool for promoting, publicising and managing ethics at work and in business operations. Code of Ethics Management models In Italy and Germany we have a governance model containing a set of principles and rules that aim to guarantee transparency and integrity for anyone working within, or on behalf of, the Group. A governance model has been drawn up for the Group's Italian division and adopted by each company, with the exception of Ecoeternit due to it being smaller (its completion is underway). The model also enables the company to intervene promptly to prevent and tackle offences being committed, thanks to ongoing monitoring and close supervision of business areas at risk. With regard to the organisations operating in Germany, the Company refers to national legislation (Betriebsverfassungsgesetz- BetrVG) defining the right to joint decision-making with the establishment of a Factory Committee (Betriebsrat). The governance model is based on agreement, with employees and unions collaborating while simultaneously exerting a form of control, in terms of information, consultation and veto, albeit to a lesser degree with respect to upper management. The model ensures that business operations and company activities are carried out with transparency and integrity, by spreading a culture of prevention and a sense of responsibility, and preventing illegal conduct and corporate crime as set out in reference standards for areas of risk that are considered sensitive. Governance Model (italian only) Feralpi Holding Supervisory Body Feralpi Holding Mr Ugo Lecis - Chairman Mr Fabio Fada - External member Mr Alessandro Franzoni - Internal member e.mail: odv_holding@it.feralpigroup.com Feralpi Siderurgica Acciaierie di Calvisano Nuova Defim Presider MPL Caleotto Arlenico Risk management The Board of Directors currently plays a central role in the risk management system, in terms of policy-making, evaluation of the process and of the systems in place, and is supported by all the risk owners in the main corporate functions, each according to their respective competencies. Following the Group risk assessment process launched in 2020, we are working on the definition of a structured risk management system at Group level, comprising tools, organisational structures, standards and strategic company rules that are essential for correct management of the company in the long term. The set of company procedures and policies that Feralpi now has at its disposal are a point of reference for all employees and stakeholders in terms of business management and related risks. Risks are events, actions or lack of actions that may directly or indirectly impact the achievement of Feralpi objectives. In addition to risks of an economic, commercial and financial nature - reported in our Annual Report - business activities involve social and environmental risks of a different nature, for which please refer to the webpage “Financial Statements and Non-Financial Reports”. Areas CUSTOMER AREA SUPPLIER AREA PARTNER AREA MYFERALPI Social footer Feralpi Holding S.p.A. Via Carlo Nicola Pasini, 11 25017 - Lonato del Garda (BRESCIA), Italy (+39) 030 9996.1 feralpi@it.feralpigroup.com ESF Elbe-Stahlwerke Feralpi GmbH Gröbaer Straße 3 01591 - Riesa +49 3525 749-0 info@de.feralpigroup.com Copyright 2021 | Feralpi Group | All rights reserved | P.Iva 02165160173 Footer menu Disclaimer Privacy policy Cookie Policy EN By using our website you consent to all cookies in accordance with our Cookie Policy. Read more SHOW DETAILS ACCEPT ALL DECLINE ALL ×