Last update April 12, 2008

Tag Cloud Governance

"principles of the model 231"

Corporate governance system

Corporate Governance, intended as the set of business management rules governing company management and control, is growing dramatically in importance especially in companies that invite the public to subscribe to issues of securities, therefore, in those companies where efficiency and effectiveness of the business management has a strong bearing on their market credibility.

Administrative responsability (231)

Legislative decree no. 231 of 8 June 2001 introduced the concept of administrative liability for companies whereby they can be held liable, and therefore penalised, for certain offences committed or attempted in the interests of or to the advantage of the company by its directors or employees.