The Company adopts a system of corporate governance under which its governing body is the Board of Directors. An independent auditing firm is responsible for the statutory audit of the accounts.

Board of Directors

The Board of Directors is responsible for managing operations. Among other things, it examines and approves:

  • the guidelines for the Group’s operations;
  • proposals concerning organisation and corporate governance;
  • the general guidelines regarding the management of human resources;
  • proposals for the re-organisation of the Company’s structure;
  • result of operations;
  • extraordinary corporate actions;
  • annual budgets, half-yearly and annual financial results.

Organizational Model pursuant to Italian Legislative Decree 231/2001

The current Organization, Management and Control Model, adopted by resolution of the Board of Directors on December 19, 2022, is composed of a general part and numerous special sections.

The Code of Ethics approved by the Company is treated as an integral part of the Model. Under its Code of Ethics, the Group has adopted the International Labor Standards (ILS) contained in the fundamental conventions of the International Labor Organization.

GDPR

In 2018, with the enforcement of the EU General Regulation 2016/679 on the protection of personal data (known as GDPR), the Company set up a new Privacy function, headed by Mauro Menardo as Data Protection Officer, assisted by a multidisciplinary team.

The new function, responsible for personal data monitoring, assessment and processing, enables Benetton Group S.r.l. to ensure its employees, consumers and, in general, stakeholders correct personal data protection in the performance of their activities, so that data is always processed in compliance with the applicable national and European regulations in the matter.

Sustainability Committee

The Sustainability Committee - set up by the Board of Directors in 2015 - defines and oversees Benetton Group’s sustainability strategy. The establishment of this Committee is further evidence of the Company’s commitment, at all levels, to become an agent of social change through its initiatives.

The objectives of Benetton Group’s Sustainability Committee include:

  • promoting the effective and continuous integration of sustainability initiatives into business activities and supporting the work of the Head of Sustainability;
  • standardising all sustainability activities;
  • promoting dialogue with internal and external stakeholders on sustainability issues;
  • examining and periodically reviewing corporate sustainability implementation tools - starting with the Code of Conduct for Manufacturers and its implementation procedures - also in light of possible risks related to Company and brand reputation;
  • providing the Board of Directors with a constant flow of information and indications regarding the application of the corporate sustainability strategy and its tools;
  • overseeing activities related to integrated reporting and the disclosure of KPIs and relevant information on environmental and social issues.