Legislative Decree No. 231 of June 8th, 2001 – referred to as Law 231 in Italy – addresses administrative liability of companies, stating that companies that are found liable may face penalties for crimes committed or attempted by directors or employees in the interest or to the advantage of the company. Law 231 states that a company cannot be held liable if, prior to the crime being committed, it adopted and effectively implemented organisational, management and control models designed to prevent this kind of crime, and has established a body for monitoring their functioning and compliance.
In order to ensure, to the greatest possible extent, that the perpetration of the offences set out in the aforementioned Decree is prevented, ECB has adopted its own Organisation, Management and Control Model, which represents a vital guide for all employees and stakeholders, providing clear lines of conduct, layouts of control and measures to prevent crimes and corruption as much as possible.
The Organisational Model consists of:
Download Model 231 Table of contents
Download Model 231 General Part