Governance and Ethics

The creation and consolidation of a corporate ethics based on the values of fairness and transparency implies, in the first place, that such values are shared and respected by the Company’s decision makers, and that they thus represent an example and stimulus to everyone in the Company, at whatever level.

In the event of infringement by the directors of the internal procedures provided for in Model 231 or adoption in the course of duty of measures in contrast with the provisions or principles of said Model, the Supervisory Board will promptly inform the entire board of directors and the statutory auditors, who will take all necessary action within the bounds of current law.

In the event of infringement by the statutory auditors of the internal procedures provided for in Model or adoption in the course of duty of measures in contrast with the provisions or principles of the Model, the Supervisory Board will promptly inform the entire board of statutory auditors and the board of directors, who will take all necessary action within the bounds of current law.