Code of ethics

1. Introduction. Outline of reference
This Code of Ethics contains general ethical principles and rules that, similarly to legal, regulatory and contractual rules, characterize the organization and activities of the group MARANO.
The group companies have in fact the objective of maintaining an adequate level of honesty and ethics both in the conduct of their activities, both in dealing with third parties for any reason and in whatever form involved.
More precisely, the companies of the Group have always taken as primary value that of the business ethics, in order to convey a message of loyalty, fairness and respect, which is worthwhile in the important dynamics and needs of business and economic features, and above all that represents the reference point in the social dynamics and in the development of the Italian system.
Additionally, this Code, which consists of a set of general ethical principles and rules of conduct, is also assumed as a cornerstone of organizational models and control systems designed to preserve the enterprise levels of organization, efficiency and quality of their activity and at the same time as the appropriate mechanism for the prevention of illegal behavior and that constitute crimes case.
It is for these reasons that the Group has decided to adopt this Code of Ethics, which is divided into a first part, devoted to general ethical and fundamental principles, and a second part, aimed to define the scope of the Code, and a third part dedicated on implementation of the Code of Ethics.

2. Fundamental ethical principles and rules
2.1 Compliance with Laws
It is a fundamental and mandatory principle the compliance with laws and regulations in force in the Italian Republic and the regulations in the European Union as well as in the territories, countries and foreign states with which the Companies of the Group operate. For activities carried out abroad it is necessary to avoid conduct and behavior which, although lawful under the provisions of the country in question, may be in conflict with laws and regulations of the Italian Republic and / or European Union rules.
Therefore the Group MARANO undertakes as an indispensable principle for all entities operating within and in connection with it, the respect of laws and regulations in force in Italy and in all countries in which it carries out its activities.
Each employee, consultant, supplier, customer, and anyone involved with the Group must comply with the applicable laws and regulations, which must be known and understood as possible.
Each company, firm, entity, however referable to the Group, assumes as a fundamental and indispensable principle the full and complete compliance with the laws of the State or States in which it operates.
2.2 Correctness and ethics in the enterprise
It is considered as primary the role of enhancing, transfer and promotion of the message of ethical and social significance of the Group in line and not in conflict with the activities and initiatives that come from the same.
All actions and operations performed and the behaviors of each of the subjects, employees, collaborators or consultants of the Group, in performing their function or position shall be inspired to legitimacy, both under its formal and substantial aspect, according to 5 regulations and internal procedures, as well as to the correctness.
The pursuit of the Group interest cannot justify a conduct contrary to the principles of correctness and honesty, as well as to the laws and regulations in force.
2.3 Non-discrimination
As part of its internal relations and relations with all third parties, the Group avoids all discrimination based on age, race or ethnicity, nationality, political opinions, religious beliefs, gender, sexuality or the health of its interlocutors.
2.4 Company Communications
The Group considers its own fundamental duty to ensure that communications, both within and outside the company partners, are accurate and truthful, even in the undeniable need for confidentiality and caution that characterize their own activities. The news, when they are made, therefore, must be such as to avoid misleading situations that could produce liability or damage of any kind.
2.5 Development and empowerment of human resources
The Group ensures an adequate level of professionalism in the execution of tasks assigned to employees, consultants and collaborators. The management and exploitation of human resources are based on respect for the personality, competence and professionalism of each of them.
Each person must carry out his/her work and perform his/her services with diligence, efficiency and fairness, using at his/her the best tools and time available to him, while assuming the responsibilities associated with the fulfillments required.
2.6 Confidentiality and prohibition of abuse of confidential information
The Group shall ensure, in accordance with the provisions of the law, the confidentiality of the information in its possession. Employees, collaborators and consultants are prohibited to use for purposes not related to their own activity and / or improperly disclose confidential information.
It is expressly forbidden to use or disclose to others, without just cause, internal or confidential information.

2.7 Conflicts of interest
The employees, collaborators or consultants pursue, in carrying out their activity and / or task, the objectives and the general interests of the Group.
In performing each activity, the Group Companies operate to avoid running into real or even merely potential conflicts of interest.
Among the hypotheses of "conflict of interest", in addition to those defined by law, it is included also the case in which an employee, a collaborator or a consultant, operates within his/her activity and / or assignment to satisfy an interest other than that of the company to obtain an advantage of personal nature.
2.8 Market and free competition
The Companies of the Group, within their activities, follow the principles of legality, honesty and fairness.
They recognize the free and fair competition in a market economy as a decisive factor for growth, development and continuous company improvement and believe that, in this context, their message of quality of the product may be developing.
2.9 Protection of health
The Group Companies consider the principle of the protection of health as a primary objective, in line with the company activities and the economic initiatives that derive from the same.
Employees, collaborators or consultants, whose physical and moral integrity is considered a primary value, are guaranteed working conditions that respect the dignity of the individual, in workplaces that are safe and healthy.
2.10 Protection of the environment
The Group complies with the principle of the protection of the environment and aims to protect the environment, consistent and in line with the company's activities and economic initiatives that derive from the same.
2.11 Protecting Employees
The Group considers the principle of the protection of the worker as a primary value and rejects and opposes the exploitation of children and the exploitation of workers in general.
Each employee or collaborator, as part of its role, is committed to promoting a work environment free of prejudice, in accordance with the personality and safety of workers and works actively to maintain an internal climate that guarantees respect for the dignity and health of each.
The relationships between employees are based on values of civil coexistence and in accordance with the rights and freedom of the individual and of the fundamental principles that affirm the equal social dignity without discrimination on grounds of nationality, language, gender, race, religious beliefs, political or union membership, physical or psychological condition.
The relationship between employees, regardless of the level of responsibility, must be based on the values of loyalty, fairness and mutual respect.
Each executive and / or manager of the structure must exercise his / her powers with objectivity and balance, in order to enhance and empower his/her employees and collaborators. Each employee must be collaborative and perform his/her duties with responsibility, efficiency and diligence.
2.12 Protection of the safety at work
The Group and all its companies consider the principle of protection of safety at work as a primary value.
In carrying out any work, we will work to avoid the risk of accidents at work and to evaluate and eliminate the risks that can be avoided, prior intervention on working conditions, according to the current evolution of technology, and programming systems for the prevention of accidents and incidents in the context of collective protection measures and training programs and education to workers in the field of safety at work.
2.13 Relations with public institutions
The relations of the Group companies in respect of the public national institutions, Community and international ("Institutions"), as well as with public officials or public servants, or bodies, representatives, agents, members, employees, consultants, officers of public functions or services, of public institutions, public administrations, public bodies, including economics, public local, national or international bodies or companies ("Public Officials") are held by each director and each employee, regardless the function or task, or, where appropriate, by each collaborator or consultant, in accordance with local regulations and on the basis of the general principles of fairness and loyalty.

3. Field of application
The principles and rules of this code of ethics shall be applied to the following subjects:
- The companies and / or bodies controlled and connected, or in any way related to the group;
- Company executives;
- Providers of employment, as well as persons in relation to continuous and coordinated collaboration, project collaboration and cooperation program;
- The persons (individuals and / or legal persons) that perform, within the Group Companies, functions of supervision and control according to law, the corporate charter, and regulations and internal models;
- The persons (individuals and / or legal persons) that have, with the Group companies, relations of consultancy and / or providing professional or technical external relations and agency office with or without representation, relations of representation, mediation and business procurement .

4. The methods of disseminating the code of ethics
The Group management and the administrative bodies of the incorporated companies are responsible for the implementation, and diffusion and knowledge of this Code of Ethics;
The Group companies establish their relationships with operators within the systems and organs of information and communication, media and advertising services in accordance with the principles of this Code of Ethics, based on the assessments and directions of the administrative bodies.
Any conduct carried out by the recipients of this Code of Ethics should be inspired by criteria of clarity and transparency, should not be prejudicial to the decorum of the Group companies, nor to question the legality of the same (group companies).
If there are doubts about how to behave in relation to the principles and rules of this Code of Ethics, the subjects will turn to their own manager of the structure or to their own representative to obtain clarifications and specifications. In case of continuing uncertainty, the manager of the facility may request assistance or clarification to the administrative body, in the terms and procedures specified by the Internal procedures. The companies of the Group, through its administrative body, will identify the means for disseminating this code of ethics in the most effective way, both in respect of its employees, collaborators and consultants both in respect of third parties and, more generally, within the Group.

5. Disciplinary and penal systems
For the cases of conduct in violation of the provisions of this Code of Ethics it will be applicable the disciplinary procedures and internal sanctions of the Group companies, governed by the disciplinary regulations and / or organizational models and control.
In any case of violation of the principles contained in this Code of Ethics, where it appears necessary for the protection of the company interest and consistently with the existing regulatory outline, including its provisions resulting from collective bargaining, the bodies in charge will evaluate the possible measures to take and the relevant steps, including disciplinary and punitive measures, to be taken against individuals who have committed behaviors that do not comply with this Code of Ethics. In the latter case, any penalties, which may add to additional claims for damages, may be applied: a) to employees (workers, employees and managers), within the limits of the regulatory framework in relation to employment law and obligations of care of the employee under the performance due by the same b) towards its directors, according to the express provisions in this regard in labor law; c) in respect of the directors, by way of suspension or revocation of the charge d ) in respect of contractors and third parties, even in terms of resolution of its contractual relationships.
All the above processes will have to guarantee the confidentiality of its information and directions, subject to the provisions of law and / or specific provisions to the contrary made in accordance with the applicable law.