1. code of conduct

Code of conduct

Italian Legislative Decree No. 231 of 2001 implemented an OECD convention that contemplates not only the criminal liability of individuals that commit certain offences but also the “administrative” liability of the company in whose interest and/or to whose advantage such offences are committed. The purpose of the Code of conduct is to instruct everyone (employees, directors and statutory auditors of Indesit Company and those of subsidiaries which have adopted the same Code) on their obligation to fully comply with the law and in particular to abstain from any action that may involve the Company in any of the offences contemplated in said decree law.

• General Principles

  • 2.1 Sphere of Application

    The Code of Conduct is valid both in Italy and abroad.
    Those to whom the Code applies are:

    • All employees, managers and auditors of Indesit Company SpA and its subsidiaries (hereafter referred to as the ‘Persons’),
    • Those who do not come under the category of the Persons; but, in the carrying out of specific tasks, act in the name of and/or on behalf of the companies of Indesit Group: collaborators, external consultants, agents and others (hereafter referred to as the ‘Collaborators’)⁵.
    Furthermore, Indesit Group retains that, in the case of business affairs on a lasting basis⁶ with consultants, agents, suppliers and clients (hereafter referred to as ‘relevant third parties’/‘Third parties’), the conduct of these subjects must be coherent with the principles of the present Code.
    In particular, in the case of an explicit refusal from a third party to respect the principles of the Code, business affairs with this party must not be started or must not be continued.

  • 2.2 Approval

    The Code is a document approved by Indesit Company SpA’s Board of Directors and subsequently accepted by all its subsidiaries, respecting the applicable local laws.
    The Code, defining the principles of conduct in affairs and individualizing the relative responsibilities of those concerned, constitutes an efficient tool for the prevention of violations of the law and of internal regulations⁷.

  • 2.3 Implementation

    The management of the various offices and companies of the Group is responsible for the implementation of the Code. That is, they must ensure that the Code is understood and put into practice by the employees and Collaborators as well as establish commercial relations with Third parties shaped by a fundamental respect for the principles cited. Also concerning Third parties, the Group believes the introduction of specific clauses to contracts which bind the compliance with the Code to be appropriate⁸.
    

  • 2.4 Control and Guarantee

    Checking that the Code is respected is entrusted to Indesit Company SpA’s specific control body called ‘Organismo di Vigilanza’ (herein referred to as ‘OdV’). The OdV has the institutional activities of:

    • Verifying the circulation of the Code to the Persons and to all concerned and proposing potential interventions in terms of information and training,
    • Proposing to the Board of Directors the necessary adjustments to the Code to guarantee the effectiveness of the Code and any potential updates also regarding changes in the law,
    • Offering activities of support for the interpretation of the Code,
    • Verifying, checking and evaluating cases of violation of the Code, communicating these violations to the company offices responsible for the application of disciplinary measures in regard to the law and the national workers’ contracts,
    • Following up any signaling of conduct which does not conform to the Code, protecting and helping whoever signals conduct which does not conform to the Code to the OdV, guaranteeing the privacy of the identity of whoever has signaled the violation and the information which they have communicated,
    • Drawing up an annual report for the Board of Directors with the aim of communicating the state of the process of the implementation of the Code, illustrating the programmes and initiatives undertaken to reach institutional goals.
    The names and contact details of the members of the OdV and other Compliance Officers are available on the internet site www.indesitcompany.com.
    The Persons and the Collaborators should signal any violations of the Code promptly to their superior.
    The employees may also refer to their superior for any need for clarification pertaining to the Code.
    In particular, any retaliation against one who has blown the whistle on possible violations of the Code in good faith or who has asked for clarification is considered to be a violation of the Code.
    It is also a violation to accuse others of violations, knowing those accusations to be unfounded.

  • 2.5 Publicising the Code

    The Code is available on the Indesit Company SpA internet site, on the company intranet and is fixed on the notice board of every building occupied by employees of the Group.
    Furthermore, all those concerned may request it from the HR department.
    The OdV will verify that the company offices in charge of the information and of training organize appropriate activities directed towards informing or, at least, making the Persons aware, and as far as it concerns them, also the Collaborators and Third parties regarding the rules of the Code. In particular, specific operations must be put into action for new recipients (following hiring or other).
    Furthermore, the Persons commit themselves to extending the Code to the Collaborators and Third parties where possible , binding conduct through specific contractual clauses.

  • 2.6 Violations and Sanctions

    On the indications of the OdV, any sanctions for violations of the Code are taken consistently with the laws and the contracts in force.
    Each sanction must be commensurate with the seriousness of the violation.

    2.6.1 Contractual values of the Code for employees

    The observance of the rules of the Code must be considered to be an essential part of the obligations connected to the working relationship⁹.
    Each employee is therefore expected to go through it and to conduct themselves in a way which conforms to the principles and to the rules which it contains.
    Any sanctions will be taken according to the procedures set down by the applicable law (in Italy by the article 7 of Law 7 May 1970, No. 300) and must be coherent with that which is set down by the national and company work contracts in force¹⁰. The more serious violations could cause irreparable damage to the relationship of trust between the Group and the employee and therefore lead to the dismissal of the latter.
    The disciplinary measures are taken by the Human Resources manager together with the manager responsible for the structure to which the employee was assigned at the moment in which the violation was verified and the measures are then communicated to the OdV.

    2.6.2 Contractual values of the Code for directors¹¹

    The observance of the rules of the Code contributes to identify the duties which the directors must keep when carrying out their activities.
    Depending on the seriousness of the violation, the possible sanctions are written warning , dismissal with notice and, in cases of irreparable damage to the relationship of trust, dismissal without notice.
    The disciplinary measures are taken by the Director of Human Resources together with the director of the department which the manager was working for at the time when the violation was verified. The measures are then communicated to the OdV.

    2.6.3 Contractual value of the Code for directors and auditors

    The observance of the rules of the Code involves individualizing the duties which the directors and the auditors must keep when carrying out their activities.
    If a Board member violates the rules of the Model, the OdV informs the Board and the Statutory Board of Auditors¹² who will then take the appropriate measures among which, for example, might be calling a meeting of the shareholders in order to take the most suitable measures permitted by the law.

    2.6.4 Contractual value of the Code for the Collaborators

    In the case of a lack of observance of the present Code on the part of the Collaborators, each company of the Group reserves the power to withdraw from the contracts also in accordance with specific contractual termination clauses.

    2.6.5 Contractual value of the Code for Third parties

    Each company of the Group reserves the power to withdraw from the working relationship in the case of a lack of observance of the present Code also in accordance with, where possible, specific contractual clauses.
    In the case of an expressed refusal by a Third party to respect the principles of the Code, business affairs with them must not be started up or must not be continued.

    2.6.6 Contractual values of the Code for members of the OdV

    The observance of the rules contributes to identify the duties which the members of the OdV must keep in the carrying out of their activities.
    In particular, specific violations are made when members of the OdV, by negligence and incapacity , fail to follow the reports of conduct in violation of the Code by the Persons, Collaborators or Third parties.
    The sanctions are regulated by the statute and by the rules of the OdV.

  5 To make the Code valid for the Collaborators, it is always appropriate to include, in line with Confindustria’s indications, clauses of express cancellation, with explicit reference to respecting the Code.
  6 But without a mandate to act in the name and on behalf of the Company.
  7 When the rules of the law are more lenient in a specific field of jurisdiction than those of the Code, it is the latter which prevails.
  8 To make the Code valid for Third Parties, it is appropriate to propose and negotiate clauses of express cancellation with the counter party, in line with Confindustria’s indications, with explicit reference to respecting the Code.
  9 In Italy, these obligations are summarized in article n.2104 of the Civil Code, according to which ‘an employee must use the diligence required by the task to be performed, in the best interest of the company and of the national production. He/she must also comply with the rules given by the employer for the execution of his/her tasks’.
  10 In Italy, this means compliance with art. 7 of law n.300 of 20th May 1970 and compliance with the National Metalworkers contract (‘CCNL’)
  11 The word ‘director’ should be read as the equivalent of the Italian word ‘dirigente’
  12 The term ‘Statutory Board of Auditors’ covers the Italian ‘Collegio Sindacale’ and all other equivalent control bodies nominated by the shareholders of each legal entity of the Group in those countries in which such bodies are mandatory.

• General Rules of Conduct

  • 3.1 Basic principle: respect for the law

    The Persons, the Collaborators and the relevant Third parties must comply with the law of the country in which they reside and normally or occasionally work on any occasion connected with carrying out their professional duties on behalf of a company of the Indesit Group and on any occasion which involves the interests of the Group.
    Relevant Indesit Persons, Collaborators and Third parties must not force or instigate others, colleagues or external persons to violate the laws in force in the countries in which Indesit Group is present or in which it has direct or indirect interests.
    Any Indesit person who is forced or instigated into not complying with the law must immediately report this issue to their manager and if this is not possible either because the manager is absent or because he/she is the person inducing the non-compliance, then the person must immediately report the fact to the Compliance Officer or to the OdV.
    Third parties who, in their dealings with Indesit, are forced or instigated into breaking the law, must also immediately report the fact to the Compliance Officer or to the OdV.
    The Persons, the Collaborators and the Third parties must be aware of the laws relevant to the duties which they carry out. In case of doubt, the employees should refer to their superior. <

  • 3.2 Rules of conduct in business

    3.2.1 General principles

    Each operation and transaction carried out or proposed to be to the advantage of or in the interests of a company of the Indesit Group must be managed in an absolutely correct way; all the information must be complete and transparent, it must be completely compliant with the law; both in substance and in form, the matching accounting entries must be truthful and clear, it must be in line with both local legislation and internal policies and it must be auditable.
    In concrete terms, each operation must be supported by an appropriate document, available to allow the checks to be carried out in any moment to ascertain the characteristics and the motivations of the operations and to ascertain by whom the same operations have been authorized, carried out, registered and checked by.

    3.2.2 Conflict of interests

    Each business choice or decision made in Indesit Group must be directed towards its best interests and consistent with the principles present in the Code and, in particular, with the philosophy of the Group described in the introduction.
    Therefore, the Persons and the Collaborators must avoid any possible conflict between personal or familial interests and those of the Group in order not to influence the independence of judgment when deciding what the interests of the Group are and how best to follow them.
    Some examples of conflicts of interests are: being a shareholder of competitors, suppliers or clients; negotiating purchases or sales with a third party represented by a relative; working for a prolonged period with a company which does not belong to the Group; having financial, professional, commercial relations, or relations of any nature, which could influence the impartiality of conduct.
    Any situation where there is a conflict of interests or which causes a conflict of interests must be immediately referred to the superior in written form.
    The superior must communicate the actions taken to guarantee that transactions will be carried out in the best interests of the Group (for example, that they are made according to market conditions and prices) in spite of the conflict of interests.

    3.2.3 Privileged information, Confidentiality and Privacy

    The Persons, the Collaborators and the Third parties should strictly respect the laws in force on the abuse of privileged information.
    The Group has adopted specific procedures of handling and of communicating such information to the market which must be scrupulously respected.
    Technological, technical and commercial know-how or know-how of any nature are very important resources for Indesit Group which every Person, Collaborator or Third party must protect with strict confidentiality to avoid risking financial damage or damage to the company image. This information must not be divulged to third parties, except in cases in which it is a legal obligation to do so or that it be required in order to carry out contractual agreements (in these cases, however, suitable written agreements must be made to commit the third party to maintaining confidentiality).
    The Persons and the Collaborators should protect the information relating to employees or third parties, to meet the privacy laws on personal data.
    When faced with requests for confidential or privileged company data and information from external subjects (private citizens, universities, press, financial analysts, investors, etc.) the Persons and the Collaborators must not directly or indirectly give information; but, must address the request to the appropriate company offices of Indesit Company SpA; External Communications and Press Office and the Investor Relations Office.
    The above obligations of confidentiality and privacy remain even after the working relationship is finished.

    3.2.4 Bribes and gifts

    Indesit Group does not accept any form of corruption, direct or indirect, of public officials (or any other party connected with public officials).
    In a more general way, no Person, Collaborator or Third party must accept, solicit, offer, promise or pay out sums of money or other benefits of an economic nature, including gifts exceeding what could be expected in normal commercial practice or courtesy, even if put under pressure.
    It is forbidden therefore to offer money, gifts or other benefits if these constitute a violation of the law, the rules or of the present code or if it could cause damage, even to a limited extent, to the image of the Group.
    It is also forbidden to accept gifts or any other type of benefit which could compromise independent judgment generating a potential conflict of interests.

    3.2.5 Hiring, equal opportunities, harassment and the working environment

    The Persons and the Collaborators are forbidden to accept money or other benefits, directly or indirectly, in relation to hiring, to transfers or to the promotion of an employee.
    Indesit Group guarantees equal opportunities at work and in professional progression. The Persons and the Collaborators must therefore guarantee that hiring, salaries, promotions, training, transfers and every other aspect of the working relationship are managed in the best interests of the Group avoiding any form of discrimination, in particular, in terms of race, religion, nationality, sex, age, and political or personal beliefs.
    Any kind of harassment, discriminatory or otherwise, that violates a person’s dignity is considered unacceptable by Indesit Group, without exception.
    Each employee must collaborate to keep the decorum and safety of the working environment respecting the dignity of colleagues. This also includes not being under the influence of drugs or alcohol or causing others to suffer the discomfort of passive smoke at work (even in countries where smoking in the workplace is allowed).

    3.2.6 Dealings with third parties: suppliers, agents and consultants

    In the relationships with third party suppliers, agents and consultants, the Persons and the Collaborators must:
    • Choose the third parties exclusively on the basis of objective criteria, such as on the price and quality of the service,
    • Observe contractual conditions and the law,
    • Keep the working relationship in line with good commercial habits,
    • Where it is not possible to introduce an express/explicit termination clause, deem appropriate to ask the third party to sign a module to confirm that they have read and understood the Group Code. In the case of an explicit refusal to respect the Code, the business relationship with the third party must not be started or must not be continued.

    3.2.7 Dealings with third parties: clients

    Indesit Group strives to fully satisfy the expectations of the client and therefore request the Persons and the Collaborators to have transparent, honest and professionally correct conduct with the clients:
    • To the final customer; innovative products, assistance and safety, quality and respect for the environment must be offered.
    • To commercial clients; lasting, mutually profitable business relationships must be offered, requiring the full respect for the Code. In the case of an explicit refusal to respect the Code, the business affairs with the third party must not be started or must not be continued.

    3.2.8 Competition

    Indesit Group recognises the importance of a competitive market and prohibits Persons and Collaborators from putting into action practices and agreements in violation of the laws on competition in the various countries in which it operates.
    In this area, Indesit Group respects the intellectual property of third parties and does not, at least knowingly, violate such rights.

    3.2.9 Protection of company goods

    The Persons, the Collaborators and the Third parties who have access to or the availability of the company goods are obliged to use them with efficiency and diligence to protect their value. Their use in conflict with the interests of the Group and their professional use outside the relationship with the Group are clearly/definitely forbidden.

• Specific rules for conduct relating to the offences described in Legislative Decree n° 231/2001

  • 4.1 Rules of conduct concerning relations with Public Administration

    All Persons, Collaborators and Third parties must keep to the following rules.

    4.1.1 Gifts and other improper instruments of influence

    It is forbidden to offer money, gifts or payment of any kind (including hiring, assigning roles of consultancy and the promise of hiring or assigning roles, or discounts, or more favorable conditions of purchasing the Group’s products) that could be reasonably interpreted as exceeding the normal practices of courtesy, exert illicit pressure, promise any kind of object, service or favours to public officials, those appointed to public service, directors, officials or employees of Public Administration or to bodies connected to public service or to their close relatives or partners, whether they are Italian or from other countries.

    4.1.2 Rules for third parties representing the Company

    If the company is represented by a consultant or Third party in dealings with the Public Administration or agents of public services, the Third parties must accept all the rules of the Code in writing.
    In dealings with the Public Administration or agents of public services, the Company and all companies of the Group must not ask Third parties who could have a conflict of interests with the above-mentioned to represent them.

    4.1.3 Obtaining confidential information

    In the course of a business negotiation, applications to or commercial dealings with the Public Administration or public service agents, it is forbidden to ask for and obtain confidential information which could compromise the integrity or the reputation of one or of both parties.

    4.1.4 Financial support to political parties and other public organizations

    Contributing to the financing of political parties, committees, public organizations or political candidates is permitted provided that it is done in full respect of the law and of the internal authoritative regulations.
    Lobbying can be carried out only with the most rigorous respect for the laws in force and for the principles of the present Code.

    4.1.5 Public funds and public authorisation

    It is strictly forbidden to present untruthful declarations to public bodies, national or international, with the aim of gaining public supplies, subsidies or favourable funds, or to gain grants, authorizations, permits or other administrative proceedings.
    It is forbidden to channel sums received from public bodies, national or European , as supplies, subsidies or funds, for uses other than those for which they have been allotted.

    4.1.6 Computer system of Public Administration

    It is forbidden to alter the functioning of a computer or data transmission system of the Public Administration or manipulate the data which they contain with the aim of obtaining an unjust advantage.

  • 4.2 Rules of conduct in the field of I.T. offences and illegal treatment of data

    Each Person, Collaborator or Third party is responsible for protecting the company IT resources assigned to them, both hardware and software, which are instrumental for carrying out work.
    No Person, Collaborator or Third party to whom company IT resources have been assigned can make improper use of, or consent a Third party to make improper use of such resources. The consented use is described in the policy and procedure for the use of IT goods.
    The following practices are prohibited without exception:

    • Carrying out computer fraud and the production of false computer documents,
    • Abusive access to IT systems and data transmission or damaging or disrupting them,
    • Illegal interception, obstruction or interruption of IT communications or data transmissions,
    • Damaging computer information, data or programmes.

  • 4.3 Rules of conduct in the field of offences of forging money, public bonds and tax stamps

    All Persons, Collaborators and Third Parties must respect the fact that it is forbidden to falsify and/or to put into circulation (buying and/or selling) bank notes, coins, public bonds, stamps and water marked paper.
    If someone receives false or stolen bank notes, coins or credit cards on behalf of Indesit Group while carrying out their job, they must inform their superior and the OdV, so that they can make the appropriate reports.

  • 4.4 Rules of conduct in the field of corporate offences

    In order to avoid committing corporate offences, the Company obliges the Persons, the Collaborators and the Third parties to respect the following principles.

    4.4.1 External communication

    The financial statements and the company communications required by law must be drawn up clearly and represent in a correct and truthful way the financial situation and the assets of the Company and of every company of the Group.
    It is forbidden, in communication with the controlling public authorities, to provide false information on the economic situation, in terms of funds and assets, of the Company and of each company of the Group. It is also forbidden to hide information on the subject of the economic situation.
    The communications addressed to the market must be true and verifiable.
    Reports, communications and entries in any business register which are obligatory for each company of the Group must be carried out by the subjects identified by law promptly, truthfully and in accordance with the laws in force.

    4.4.2 Transactions on the share capital

    It is forbidden, even through simulated business, to give back contributions made by shareholders or free shareholders from the obligation to make them with the exception of the cases of legitimate reduction of share capital.
    It is forbidden to pay dividends which have not actually been made or are destined to become reserves or to pay as dividends the capital reserves that are not payable.
    It is forbidden to carry out share capital reductions , mergers or demergers in violation of the law on the protection of creditors.
    It is forbidden to fictitiously create or increase the capital of the Group’s companies, through issuing stocks or shares for sums inferior to their nominal value, mutual subscription of stocks or shares, considerable overvaluation of goods , credits or assets of the Company.
    It is forbidden to carry out any kind of illegal transaction on stocks or shares of the Company and its subsidiaries.
    Any kind of transaction which could cause damage to creditors is forbidden.
    It is forbidden for liquidators to embezzle business assets.

    4.4.3 Voting in general meetings

    It is forbidden to determine false majorities in the general meetings of the Group companies with simulated and fraudulent proceedings.

    4.4.4 Authorization and documentation of transactions

    All operations and transactions of the companies of the Group must have suitable accounting registration.
    There must be an appropriate document to support each operation and transaction, with the aim of being able to carry out checks in any moment that certify the characteristics of and the reasons for the operations and identify who has authorized, carried out, registered and checked the operation.

    4.4.5 Fictitious operations and misleading registrations

    It is forbidden to conduct oneself in such a way or to make omissions which could lead to the registration of fictitious operations or transactions or the misleading registration of operations and transactions.

    4.4.6 Collaboration in the activities of controlling

    The communications to the control bodies (shareholders , committee for internal control, the Statutory Board of Auditors or the equivalent, Internal auditors, external auditors, OdV) must be truthful and correct.
    It is forbidden to hinder or impede the activities of control attributed to the above bodies.

  • 4.5 Rules of conduct in the field of terrorist offences or subverting democratic order

    Indesit Group condemns and forbids any kind of financing, direct or indirect, of terrorist or subversive activities. All Persons, Collaborators and Third parties are expressly forbidden to:

    • Carry out, promote, collaborate or give cause to conduct that, taken individually or collectively, include these offences, directly or indirectly.
    • Promote, establish, organize or lead associations which propose to commit acts of violence with the aim of subverting democratic order.
    • Supply products, or carry out any commercial and/or financial operation, either directly or through a third party, with subjects – either real people or legal personalities - which intend to carry out terrorist offences.
    In particular, the Persons, Collaborators and Third parties must respect the international laws of embargo and controls on exportation in force in the countries in which the Group operates.

  • 4.6 Rules of conduct in the field of offences against individual persons

    Indesit Group adopts company policies which are consistent with the rules and principles set down by the law directed towards fighting offences against individual persons. All Persons, Collaborators and Third parties must keep to the principles which they follow.

    4.6.1 Reducing to or keeping in slavery or servitude. Slave trade. Purchasing and alienation of slaves.

    The Company offers all workers the same opportunities.
    In 2001 an agreement was signed between Indesit Company SpA and the principle Italian union organizations (FIM FIOM UILM) as well as FISM (Federazione Internazionale Sindacati Metalmeccanici / International Metalworkers’ Federation) in which Indesit has committed itself to:
    • Respecting fundamental human rights,
    • Preventing the exploitation of children,
    • Not using forced labour or labour carried out in conditions of slavery,
    • Not allowing children under the age of 15 or within the age of compulsory education of the countries concerned to work.
    In accordance with this code, these principles apply to all companies of the Group.
    Furthermore, Indesit Group is committed to not having business relationships with suppliers who do not accept the above principles.

  • 4.7 Rules of conduct in the field of offences of abuse of privileged information and of manipulation of the market

    Indesit Company adopts company policies consistent with the rules and the principles set out by laws aimed at fighting crimes of abuse of privileged information and the manipulation of the market. All Persons, Collaborators and Third parties are obliged to keep to the rules of conduct to prevent and impede the occurrence of such offences, in the most rigorous respect for the specific procedures and rules in force in Indesit Group.
    Indesit Company and the companies of the Group promptly communicate Privileged Information to the market, respecting the criteria for accuracy, clearness, transparency, continuity and quality of access to information.

  • 4.8 Rules of conduct in the field of transnational offences

    With the aim of preventing and impeding the occurrence of such offences, all Persons, Collaborators and Third parties must:

    • Have the correct, transparent and collaborative conduct, within the rules of the law and internal company procedures in all activities for managing records of suppliers/clients/foreign agents,
    • Determine the selection criteria for foreign counter-parties for the stipulation of contracts and for making investments,
    • Signal any operations retained to be part of illegal financial movements to the OdV.

  • 4.9 Rules of conduct in the field of preservation of health and safety at work

    The preservation of health and safety in the work place of those who work for Indesit Group is a priority without compromise.
    Each employee is responsible for the correct management of health and safety; for the activities of their own responsibilities, everyone must respect the laws, regulations, company procedures and the instructions given.
    In particular, the conduct and the decisions of each employee at work must be aimed at avoiding situations of risk either to oneself or to others as much as possible.
    Unavoidable risks must be periodically evaluated, keeping account of the measures of protection, of the work methodologies and of the degree of existing technological evolution.
    Risk evaluation is necessary in order to take the appropriate measures to protect the health and safety of the workers. In the definition of such measures, Indesit Company Group:

    • Favors the tools of collective protection in respect to individual ones,
    • Favors the introduction of technological innovations and the updating of work methods,
    • Adopts consistent plans of information and professional training.

  • 4.10 Rules of conduct in the field of handling stolen goods, money laundering and the use of money, goods or utilities of illegal origin

    It is an express/definite/precise obligation of all Persons, Collaborators and Third parties to keep to the rules of conduct so as to prevent and impede the occurrence of such offences.
    With this aim, the respectability and legitimacy of the activities of the commercial and financial counter-parties must be verified as a preventative measure.

  • 4.11 Rules of conduct in the field of crimes against industry and commerce

    Indesit Group recognizes the importance of a competitive market and forbids its Persons and Collaborators to put practices in place or make agreements in violation of the laws on competition applicable in the various countries in which it operates.
    Furthermore, Indesit Company forbids the sale or putting in circulation of industrial products with mendacious, counterfeit or falsified names, brands or logos which could deceive the buyer as to the origins or quality of the product.

  • 4.12 Rules of conduct in the field of copyright violation

    Indesit Group respects the intellectual property of third parties and does not consciously violate these rights.

• Glossary

  • Indesit group/Group

    Indesit Company SpA and its subsidiaries according to the provisions of Italian law, in particular art. 2359 of the Civil Code and art. 26 of law n° 127 of 9th April 1991.

  • Code

    The Present Code of Business Ethics

  • Persons

    All employees , directors and auditors of Indesit Company SpA and its subsidiaries

  • Collaborators

    Those who, not coming under the category of Persons, act in the name and on behalf of the companies of Indesit Group: collaborators, consultants, agents and other subjects

  • Third parties

    Consultants, agents, suppliers and clients that have lasting business relations with the Indesit Group, but do not have a mandate to act in the name and on behalf of the Group

  • Employees

    Employees of Indesit Company SpA and its subsidiaries

  • Subsidiary

    Companies controlled directly or indirectly by Indesit Company SpA according to Italian law (see Indesit Group)

  • Leg. Decree 231/2001

    Legislative decree No. 231 of 8 June 2001 as modified from time to time

  • Organismo di Vigilanza

    Collective body nominated by the Board of Directors of Indesit Company SpA according to Leg. Decree 231/2001

  • HR Department

    Office of Indesit Company SpA with the specific role of managing the personnel employed

  • Person in charge of internal control

    A person with independence, nominated by the Board of Directors of Indesit Company SpA, with specific tasks of checking risk management and the adequacy, efficiency and functioning of the system of internal control