Rules are important to us. We believe that achieving success requires conducting transparent operations in accordance with the law.
Rules and principles
Articles of Association
The Articles of Association define the general rules governing life at the Company: the corporate purpose, the criteria for the composition and operation of the corporate bodies, and the description of shareholders’ rights as well as how to exercise them.
Code of Ethical Conduct
Organization, Management and Control Model
Legislative Decree 231/0 provides for the administrative liability of the companies for some of the crimes committed in their interest or advantage by subjects that are functionally linked to them. The provisions of Legislative Decree 231/01 exclude the administrative liability of the company in the event that, prior to the commission of the crime, it has adopted and effectively implemented an Organization, Management and Control Model suitable for preventing the commission of crimes. De' Longhi S.p.A. and De' Longhi Appliances have adopted their own Organization, Management and Control Model binding for all subjects who, for various reasons, have professional relationships with their company and have set up their own Supervisory Body with the function of controlling the such Models.
Reports, Procedures and other documents
Corporate Governance and Shareholding Structure Report
The Group provides a general and comprehensive view of the corporate governance system through the Report on Corporate Governance and Ownership Structure, which is approved annually by the Shareholders’ Meeting.
Annual Report on the Remuneration Policy and Compensation Paid
The remuneration policy of Directors, Statutory Auditors, the General Manager (if any), and other Key Management Personnel of the Group is intended primarily to create a strong link between remuneration and performance, aligning the interests of management and shareholders. The De’ Longhi Group's remuneration policy is included in the Remuneration Report, which is approved annually by the Shareholders’ Meeting.
Procedure for related party transactions
The procedure establishes how to identify Related Parties and the rules to be followed when conducting transactions with them.
Procedure for internally managing and diclosing corporate information to the market
To ensure all disclosures to the market are complete, accurate, and timely, the Group has implemented a specific procedure to define the proper manner of handling and disclosing material and/or regulated information.
Internal Dealing procedure
To ensure the utmost transparency, the Internal Dealing procedure sets out the criteria and rules for the handling of information to be disclosed to the market in the event a relevant person buys or sell De’ Longhi shares.
Diversity policies for the members of the corporate bodies
For a multinational entity such as the De’ Longhi Group, promoting diversity represents a key cultural objective in order to fully develop the skills, characteristics, and abilities of all the Group's staff, including employees as well as the members of the Corporate Bodies. The document identifies diversity standards in terms of age, gender, and educational and professional background applicable to the Board of Directors and the Board of Statutory Auditors.
Policy for managing dialogue with shareholders
In order to better develop an open and constant dialogue with all its Shareholders, the Company adopted the “Policy for managing dialogue with shareholders as a group” which, taking into account the engagement policies adopted by De’ Longhi’s main institutional investors and asset managers, sets out the general principles, management procedures and main content of the dialogue between De’ Longhi and its Shareholders.