The reputation that the Group has built up over its hundred years of doing business is also based on compliance with ethical standards defined by laws, regulations and governance codes in the daily operations of all of its companies.
In 2002, the Board of Directors approved, as an integral component of the organisation, management and control model, an initial Code of Ethics for directors, employees and collaborators of Arnoldo Mondadori Editore S.p.A. The ethical principles to be observed focused on the work relationships within the Company and on dealings with public institutions and executives, very briefly referring to the principles with regard to business dealings, competition, suppliers and health, safety and the environment.
Ten years later, Mondadori has drawn up a new version of the Code of Ethics, the application of which is not limited to Arnoldo Mondadori Editore S.p.A. but extends to all companies of the Group. Structured by type of stakeholder, the new Code of Ethics outlines general ethical principles (respect of human rights and laws, transparency, protection of industrial property and independence of information), as well as specific ones for stakeholders, from our customers to our suppliers, from human resources to investors, and from the communities and institutions to the environment.
The Code of Ethics therefore outlines the set of principles and guidelines that must be respected by Mondadori’s directors, employees and collaborators as part of their respective functions and work activities.
The principles of the Code of Ethics specify the general obligations of diligence, honesty and fairness that must embody the performance of work activities and the workplace behavior within the Mondadori Group.
The provisions of the Code of Ethics are an integral part of the contractual obligations undertaken by the recipients. Violation of said provisions constitutes breach of the contractual obligations, with all relative legal consequences, also with regard to termination of the contract or instruction and possible reimbursement for damages.