SACE bases its operations on a system of governance that defines rules and procedures for the management and control of the company. The system is based on a series of prevention and control measures represented by the Code of Ethics and the Organisation, Management and Control Model.
The Code of Ethics sets out the values and principles that must be adhered to by directors, auditors, accountants, managers, employees, contractors and all third parties with whom SACE and its subsidiaries have relations.
The Organisation, Management and Control Model is aimed at directors, everyone who performs duties of representation, administration and management within the company, persons linked by an employment relationship and persons who, although external to the company, are linked to it by relationships of “subordination” or “parasubordination” and has the following aims:
- to exempt SACE from administrative liability in the event of any offences committed
- to improve the corporate governance system
- to prepare a structured and organic prevention and control system aimed at reducing the risk of commission of offences connected with the business
- to spread, among everyone acting for and on behalf of SACE, awareness of the possibility of being involved in an unlawful act that could entail sanctions not only against the individual concerned but also against the company
- to inform everyone who acts on behalf of, or in the interests of, SACE, in any capacity, that any breach of the rules contained in the Model will result in the application of sanctions, including possible dismissal
- to stress that the company does not tolerate any unlawful acts since these are contrary to its essential ethical principles
- to actively censure any conduct in breach of the Model through the application of disciplinary or contractual sanctions.