Corporate Governance

The Generali Group has always given Corporate Governance the utmost importance.

The Generali Group’s Ethical Code systematically describes in a single document the fundamental ethical principles inspiring the business conduct of the people operating within the Company and its Group.

Together with the Ethical Code, the Organizational and Management model is a cornerstone of the control culture of Assicurazioni Generali S.p.A.

Guiding principles

1. Correctness and honesty

   The Group works in compliance with current legislation, professional ethics and internal provisions. The pursuance of the Group’s interests shall never be a justification for a conduct violating the principles of correctness and honesty. For this very reason, any form of benefits or presents, both received and offered, shall be rejected if it is considered as an attempt to influence the independent judgment and conduct of the parties involved.

2. Impartiality

   When holding relations with all internal and external counterparts, the Group shall avoid any kind of discrimination based on age, racial and ethnical origins, nationality, political opinions, religious beliefs, gender, sexuality or health of its interlocutors.

3. Professionalism and growth of human resources

   The Group shall guarantee an appropriate level of professionalism for the fulfillment of the tasks assigned to its employees. For that purpose, the Group is fully committed to the growth of its human resources, putting at their disposal suitable instruments for training, professional workshops and development.

4. Confidentiality

   In compliance with the law, the Group shall guarantee confidentiality of the information at its disposal. Employees are forbidden to use confidential items of information for any purpose which is not related to the performance of their professional activities.

5. Conflicts of interest

   When performing any type of activity, the Group shall manage to avoid any situation giving rise to real or even merely potential conflicts of interest. Examples of “conflicts of interest” include not only all the cases defined by the law, but also situations whereby an Employee acts to pursue an interest different from the interest of the company or of its shareholders in order to draw a personal benefit.

6. Free competition

   The Group recognizes free competition in the market as a crucial factor for growth and constant business improvement.

7. Transparency and Completeness of Information

   All information distributed by the Group shall be complete, transparent, comprehensible and accurate, thus allowing receivers to take decisions fully aware of the relations to be held with the Group itself.

8. Health protection

   The physical and moral integrity of Employees is considered as a primary value of the Group. Working conditions shall respect individual dignity, be safe and healthy.

9. Environmental protection

   The Group is committed to safeguarding the environment as a primary asset. For that purpose, the Group shall make its decisions ensuring that economic initiatives are compatible with environmental requirements, not only in compliance with current legislation but also taking into account the latest developments of scientific research and best experiences recorded on the matter.

Generali Group’s Ethical Code (.pdf 300KB)

Generali’s internal audit is a key element of the continuous review of the effectiveness of our system of internal control. They review both financial and non-financial processes and works closely with our external auditors, reporting on a formal basis to the Group’s Audit Committee.