corporate governance |
The Corporate Governance rules of Magneti Marelli find reference in the ethical and behavioural values and principles contained in the Fiat Group “Code of Conduct”.
Therefore Magneti Marelli is engaged in holding a correct and impartial line of conduct in business relationships, aimed to respect the more elevate standards of integrity and loyalty, avoiding any conflict between business and personal interests, and demand to the employees to apply themselves in carrying out their duties.
Magneti Marelli doesn't establish nor continue business relationships with advisers, suppliers and anyone clearly refusing to accept the Code of Conduct.
Magneti Marelli has strengthened its Corporate Governance system, assuming a Model of Organisation, Managing and Control which includes rules and procedures to be followed by Employees, Corporate Bodies and third parties who act on behalf of Magneti Marelli.
Moreover, in compliance to the Model and to the Code of Conduct, a whistleblowings procedure has been introduced to manage presumed violations of ethical principles, financial frauds or oppression towards employees or third parts.
The Model of Organisation, Managing and Control, the Fiat Group Code of Conduct and the Whistleblowings procedure are available for download.