Page 5 - Code of ethics and conduct

Legality

In addition to the Code and internal company regulations, SERECO
SRL inspires the conduct of its activities to fully comply with the laws
in force in Italy and in all States where it could operate, as well as
fair collaboration with the institutions and public authorities of these
countries

The Recipients, in carrying out their functions, are required to know
and observe in total the laws and regulations of the States in which
they operate, contacting, in case of interpretative uncertainty on the
applicable regulations, the competent offices and corporate bodies.

Under no circumstances may the Recipients, in order to justify their
conduct in violation of laws or regulations, claim to have acted
in the interest or for the benefit of SERECO SRL.

Transparency, correctness

and collaboration

Transparency, correctness and collaboration are fundamental values
for SERECO SRL and, as such, must distinguish the conduct
of the recipients when they put in place activities both inside
and outside the Company.

For the purposes of this Code, the value of fairness
must be understood as fidelity to the given word,
promises and agreements, sense of responsibility

in the action, enhancement and safeguarding
of company assets, application of the rule
of good faith in every activity and decision.

Given their importance for the verification of the respect of the principles
of transparency and correctness by recipients, the information relating
to the organizational functions transmitted internally or to third parties
must be truthful, complete and timely and expressed in forms - written
or verbal - that privilege easy understanding by their recipients.

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