2017 Yearly Overview | Prysmian Group

A GLOBAL EMPLOYER OF CHOICE PRYSMIAN GROUP 2017 YEARLY OVERVIEW Chief Compliance Officer, Alessandro Nespoli, believes that the value of integrity goes well beyond the simple observance of rules and regulations. It should permeate the entire spectrum of company life. When it comes to ethics, no challenge is too big or too small if it means doing things the right way . This is what Prysmian has always stood for, and this attitude perfectly matches the thinking of Alessandro Nespoli, who in 2017 joined the Group as Chief Compliance and Internal Audit Officer. To translate this value into real action, we launched the ‘Integrity First’ project at the end of last year. Nespoli notes that “integrity is an ever-present concept” but adds that until now it has only really been referred to in the Group’s Whistleblowing Programme – the (successful) tool created for identifying fraud and misconduct. “Now we intend to expand it by developing and sharing a new compliance ecosystem”, he adds. According to Nespoli this ecosystem will cover a series of issues and actual behaviours “that shall ultimately become part of the DNA of Prysmian Group’s people”. He believes that “ethics influence our way of working and making decisions, while having an impact on our stakeholders and customers”. As it affects reputation, it is the most important asset to be preserved. The new compliance ecosystem will oversee different issues and set forth even those behaviours that are not strictly compliance-related. This culture of integrity is reinforced by Prysmian’s Code of Ethics, based on three pillars: ethics in business activities, ethics in internal relations, and ethics in environmental and social matters. It means that ethics “is pervasive and regards everyone within and outside the organisation”, Nespoli explains. Compliance is key for Prysmian, and local managers are the primary compliance owners, as they act as mouthpieces of the company and should set an example when it comes to integrity. By creating a strong compliance culture, the company will be able to adapt to new legislation more quickly, allowing us to better pursue our business goals. Complying with regulatory requirements is mandatory, time consuming and complex, but time can be optimised BEYOND COMPLIANCE