Code of Ethics

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  1. INTRODUCTION

  2. SCOPE

  3. GENERAL PRINCIPLES

  4. RULES OF CONDUCT

    4.1 Principles and Rules of Conduct for the Members of Corporate Bodies

    4.2 Principles and Rules of Conduct for the Personnel and the Persons Who Perform Activities in the Interest of the Woolrich Group

    4.3 Conflict of Interest

    4.4 Rejection of any Form of Corruption, either Active or Passive

    4.5 Relations with Suppliers, Contractors, Third Parties with which the Companies enter into Agreements

    4.6 Relations with customers

    4.7 Confidentiality

    4.8 Diligent Use of the Company’s Assets

    4.9 Financial Statements and other Corporate Documents

    4.10 Health and Safety at Work

    4.11 Anti-Money Laundering

    4.12 Use of Information Systems

    4.13 Respect for the Environment

    4.14 Accounting Controls and Transparency

    4.15 Protection of the Corporate Capital and of Creditors

    4.16 Principles and Rules of Conduct for Third Party Recipients

  5. COMMUNICATION, DISSEMINATION, MONITORING AND UPDATING OF THE CODE OF ETHICS

    5.1 Communication and Dissemination of the Code of Ethics

    5.2 Reporting of the Violations of the Code of Ethics

    5.3 Violation of the Code of Ethics and Sanctions

    5.4 Monitoring and Updating of the Code of Ethics

INTRODUCTION

1.1 This code of ethics (the “Code of Ethics”) is one of the key corporate governance documents of the companies (the “Companies” and each of them individually the “Company”) belonging to the Woolrich group (the “Woolrich Group”), as it contains the ethical principles deriving from a heritage of common personal and corporate values, which the Woolrich Group follows in performing its business activities. In fact, the Code of Ethics is intended to be a guide and a support for every director, manager and other employee of the Woolrich Group in order to enable him/her to pursue the Group’s mission in the most effective manner possible.

1.2 The Woolrich Group is an international group operating in the sector of industrial manufacturing of apparel, footwear and accessories in general and of their wholesale and retail sale. The mission of the Woolrich Group is focused on growth and creation of value through manufacturing and marketing of high quality products in due compliance with the applicable regulations. The Woolrich Group runs its business in a socially responsible, impartial and ethical manner, adopts fair and correct practices in the management of the employment relationships, guarantees the employees’ safety, promotes and encourages the environmental awareness and complies with the applicable laws.

1.3 All business relationships shall be maintained with integrity and loyalty and without any conflict of interest between business and personal affairs. To achieve this, the Woolrich Group requires that all the persons working in it, such as, for example, its directors, managers and other employees, comply with the highest standards of business conduct in the performance of their duties and act in a loyal, responsible, honest, competent and transparent manner, in compliance with the applicable laws and regulations, protecting the reputation of the Woolrich Group.

1.4 For this purpose, the Woolrich Group decided to adopt this Code of Ethics, which is intended ‒ in line with the principles of loyalty and honesty ‒ to regulate, through the rules of conduct, the company’s activities and to establish the general principles which the entire corporate structure must comply with.

1.5 Consequently, the Woolrich Group undertakes:

  • to ensure the timely dissemination of the Code of Ethics throughout the Woolrich Group and to all the Recipients (as defined below);
  • to ensure that all the Recipients (as defined below) are informed in a timely manner of all updates and amendments;
  • to provide an appropriate training and information support in relation to any doubts regarding the interpretation of the Code of Ethics;
  • to ensure that anyone who reports violations of the Code of Ethics in good faith is not subject to any form of retaliation;
  • to adopt sanctions which are fair and proportionate to the violation of the Code of Ethics