governance and economic capital
The governance structure
The administrative bodies of Olimpias governance constitute a structure designed to ensurea rigorous and transparent control system, aimed at guaranteeing compliance with the highest ethical standards. This approach has been designed to protect the interests of shareholders and investors, as well as promote trustamong all stakeholders.
Ethics and integrity
The procedure for reporting critical issues to the highest governing body, in line with the “231 Model,”stipulates that individuals can make reports to the Supervisory Board about any behavior or critical issues that could result in negative consequences for the Company or Olimpias’ Human Resources. The Supervisory Board is required to report semi-annually to the Board of Directors.
International Labour Standards (ILO)
Olimpias implements the most relevant international regulations, with particular reference to the “United Nations Guidelines on Business and Human Rights”, of June 2011, and the “Communication of the European Commission for a Renewed Strategy on Corporate Social Responsibility”, of October 2011.
Code of Conductfor suppliers and sub-suppliers
Olimpias has adopteda “Code of Conduct” intendedfor its suppliers and subcontractors, and for anyone who enters into a business relationship with Olimpias, who are required to share the commitments indicated, obliging themselves to respect international standards in work, provisions on the environment, health and safety and provisions on supply chain management.
The Code of Ethics
Olimpias has developed its own “Code of Ethics”, approved by the Board of Directors on 16.05.2018, with the aim of definingthe guidelines that direct the internal and external relations of the Company, in avoiding unethical behavior. This document is delivered to all recipients (members of the corporate bodies, managers and employees of the Olimpias Group, agents, attorneys, consultants, etc.) and is also included in all contracts stipulated with suppliers of goods and services.
Impartiality
in relations with stakeholders, Olimpias avoids discrimination of any kind and, in particular, based on age, sex, health status, race, nationality, political opinions and religious beliefs, social and personal conditions;
Trasparency
Olimpias is committed to disseminating complete,transparent, comprehensible and accurate information;
Legality
compliancewith applicable laws, regulations, internalrules and procedures and the “Code of Ethics”;
Integrity
Olimpias undertakes to act correctly and transparently in its relations with recipients and with third parties in general
Professional integrity and loyalty
relationships with recipients, with the Public Administration and with third partiesin general are based on good faithand reliability, maintaining the agreements and promises made;
Protection of people and equal opportunities
Olimpias respectsthe fundamental rightsof people, guaranteeing equal employment rights and equal career opportunities and combating any form of violence or discriminatory or harmful behavior towards the person, their beliefs and inclinations
Enhancement and professional collaboration
Olimpias protectsand promotes the value of human resources, with the aim of improving and increasing the assets and competitiveness of the skills possessed by each recipient
Confidentiality of information
Olimpias guarantees high standards of confidentiality of the information in its possession and refrains from collecting and using sensitive data
Health and safety protection
physical and moral integrity, safety, hygiene and health in the workplace are considered a primary valuefor Olimpias
Social responsibility and environmental protection
Olimpias is committed to minimizing the impact of its activities on society and the environment in which it operates, with the aim of contributing to the economicwell-being and growthof the communities in which it operates and promotes environmental protection. Olimpias strives to comply with all regulations and laws, applying even more stringent criteria where possible
Economic valuegenerated and distributed
In today’s business landscape, it is crucial that companies go beyond simply seeking maximum profit and instead focus on optimizing the benefit for all their stakeholders, starting with the community in which they operate.
