Legislative Decree No. 231/2001
Legislative Decree No. 231 has been effective since 4 July 2004. It brings Italian law in line with international corporate responsibility agreements and conventions previously signed by Italy.
This Decree introduced for the first time in Italian law the concept of administrative responsibility for Italian companies relating to criminal offences committed in the Board’s interest in Italy or abroad:
– By individuals having a representative, financial or managerial position within the organisation or within a business unit linked to the organisation, although independent from a financial and functional point of view;
– By individuals who de facto manage and control the organisation;
– By individuals subject to the management or supervision by one of the subjects mentioned above
This responsibility is added to that of the individual person who has committed the material offence.
LD 231 Compliance Officer: Francesco Libri