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Prysmian Group – 2015 Sustainability Report
Group ID Card
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supervising, from 1 January 2016, the sustainability matters associated with the Group's activities and the
dynamics of its interactions with all stakeholders.
Prysmian's Governance Structure
Anti-trust regulations
Over the past decade, the various local anti-trust authorities have dedicated increasing attention to the
business activities of market players and, furthermore, have showed a greater propensity for international
collaboration amongst themselves.
The geographical distribution of personnel and, sometimes, their limited knowledge of local rules combined
with the dynamism of the market makes it difficult to monitor the anti-competitive behaviour of third parties,
such as suppliers and competitors. This exposes Prysmian to the risk of heavy economic penalties, with an
adverse impact on the Group's reputation and the credibility of our corporate governance system. Consistent
with the priorities defined in the “Enterprise Risk Management” process, the Legal Department with support
from the Group's Compliance function has taken steps to raise awareness by adopting an “Anti-trust Code of
Conduct”. All directors, executives and employees of the Group are expected to know and comply with this
Code in the performance of their duties and in relations with third parties. These actions to stimulate pro-
competitive behaviour and make individual more aware of their professional duties and responsibilities,
representing the first step in establishing an "anti-trust culture" within the Group.
On 2 April 2014, in the context of its anti-trust investigations, the European Commission ruled that, between
18 February 1999 and 28 January 2009, the world's largest cable manufacturers, including Prysmian Cavi e
Sistemi S.r.l., had acted to restrict competition in the European markets for, respectively, submarine power
cables and high voltage terrestrial power cables.