The Board of Directors adopts a new code of conduct

In compliance with the results of the recent work of the Committee for corporate governance, which led to the modification and completion of the Self-Regulatory Code, the Board of Directors approved a procedure that establishes a code of conduct governing all operations involving interrelated parties (and in particular directors and auditors) as well as inter-Group operations. This has been stipulated independently from the fact that only certain of these (those that may " prejudice the safeguarding company assets or the completeness and fairness of information, including accounting information" ) are subject to statutory disclosure, as recently stipulated by Consob in the revised Article 71b of the " Regulations Governing Issuers" .

At the same time, even more detailed and thoroughgoing internal regulations have been redefined for the collation of detailed information to be provided to the Board of Directors and the Board of Auditors - in compliance with Article 150, paragraph 1, of the T.U.F (Unified Financial Code). These regulations not only apply to operations involving interrelated parties, but also to operations of major economic, financial or proprietary significance, as well as infra-Group or atypical operations.

The Board also confirmed its intention to remain constantly vigilant and receptive to the need to modify the regulations, whether as a response to the market and the respective supervisory authorities or whether such changes arise from organisational changes within the Group. In view of this, a resolution was passed stipulating that the Committee for Internal Control (now known as the " Committee for Internal Control and Corporate Governance" ) should also monitor the periodic updating of the regulations and compliance with the code of conduct adopted by Pirelli and its affiliates.

Procedura per l'adempimento degli Obblighi di cui all'art. 150, Comma Primo, D.Lgs. N. 58 del 1998 - Italian Version (.PDF, 5Kb)

Principi di Comportamento per l'effettuazione di Operazioni con Parti Correlate - Italian Version (.PDF, 24Kb)