PetrolValves prevents the risks arising from liability pursuant to Legislative Decree 231/2001 through the adoption and effective implementation of a specific organization, management and control model (“the Model”) throughout its entire organization.

The Model is a structured and organic system of guidelines and control activities, to be carried out also and mainly in a preventive manner and in such a way that it cannot be violated except by fraudulently circumventing its provisions.

The Model is aimed at:

• identifying sensitive processes
• defining specific protocols for the decision-making process related to sensitive activities
• introducing a disciplinary system in case of violations of the Model

The Group Code of Ethics is an integral part and fundamental element of the Model.

The Model was adopted in 2014 and is periodically updated to incorporate the organizational and process changes and the new types of offenses that from time to time expand the scope of application of Legislative Decree 231/2001.

Appointment of new members of the Supervisory Board pursuant to Legislative Decree 231/2001

On 9 August 2024, the Board of Directors of PetrolValves S.p.A. appointed the new Supervisory Board pursuant to Legislative Decree 231/2001, with the objective of supervising the functioning, effectiveness, adequacy, compliance and updating of the Organisation, Management and Control Model adopted by the Company pursuant to Legislative Decree 231/2001.

The Supervisory Board, which will remain in office for three financial years, i.e. until the approval of the Financial Statements as at 30 November 2026, is now composed of the following independent members:

Professor Andrea Lionzo – Chairman

Lawyer Antonio Carino

Dr. Giacomo Zorzetto.

The appointment of the Supervisory Board enables the Company to further strengthen its internal control and governance system in the interest of all stakeholders.

PetrolValves Group has adopted a certified Corporate QHSE management system.

The main purpose is to ensure manufacturing activities in total safety, in full respect of the environment and ensuring the delivery of high-quality products through repeatable and efficient processes always stimulating employee participation.

PetrolValves is committed to operate in accordance with the highest standards of integrity, social accountability and ethics. In order to prevent and counter illegal conduct not in line with the ethical values, PetrolValves has put in place an independent system for the receipt and management of reports of violations relating to the Company’s working context.

In this reporting system you can quickly and easily report concerns about actual or suspected misconduct that can affect PetrolValves.

Go to the Whistleblowing Platform