Control System
Control System
The internal control and risk management system consists of the set of rules, procedures and organisational structures for identifying, measuring, managing and monitoring the main business risks, contributing to the conduct of the company aimed at safeguarding the company’s assets, the efficiency and effectiveness of business processes, the reliability of financial information, compliance with laws and regulations as well as the Company Bylaws and internal procedures.
Independent Auditors Firm
On 3 December 2019, the Shareholders’ Meeting has decided to confer on EY Spa for the revision of the separate and consolidated financial statements for 2019 – 2027.
Internal Auditing
The function of Internal Audit has been entrusted to an external subject, endowed with adequate requirements of professionality, independence and organization in the person of Daniele Bergamini
The function of Internal Audit is called to verify in compliance with international standards, the operation and suitability of the internal control and risk management system, through an Audit Plan approved by the Board of Directors, based on a structured process of analysis and prioritisation of the main risks.
Organization Model
The Company has adopted a Model of Organization, Management and Control, prepared pursuant to and for the effects referred to in Legislative Decree 231/2001 which:
provides information on the content of the legislative decree, which has introduced into our legal system a liability of companies and entities, for crimes committed, in their interest or advantage, by its representatives or its employees;
outlines the organisation, management and control model of the company, aimed at informing on the content of the law, addressing business activities in line with the model and overseeing the operation and compliance of the model.
Ethical Code
The Code of Ethics has been developed to ensure that the fundamental ethical values of SERI INDUSTRIAL are clearly defined and constitute the basic element of the corporate culture, as well as the standard of conduct of all employees in the conduct of business and, in general, their activities. SERI INDUSTRIAL with the adoption of the Code of Ethics, aims to encourage good practice and encourage responsible behaviour through the training and dissemination of ethical principles.
Whistleblowing
The Company is committed to acting with honesty and integrity, in compliance with the law and the principles expressed in the Code of Ethics. Nevertheless, it may happen that some behaviors are in conflict with the law, regulations, Authority provisions, internal regulations, the Ethical Code and/or the Organization, Management and Control Model. Therefore, the Company has introduced communication channels through which it is possible to report risk situations that could cause damage and result in irregularities. The adopted system makes it possible to manage the reports received by Seri Industrial S.p.A., and its main subsidiaries, also anonymously. The reporting system ensures the receipt, analysis and handling of reports, even in confidential form, forwarded by anyone operating within the organization as well as by third parties such as: customers, suppliers, consultants, staff, shareholders of the company, each within the scope of their functions and responsibilities. These are reports concerning conduct, carried out by people working within the company, as well as other third parties (customers, suppliers, consultants, staff, partners, etc.) in business relations with Seri Industrial S.p.A. and/or its subsidiaries.
