The Company Shareholders believe that profit can be achieved through proper management driven by healthy competition based on entrepreneurial and managerial skills rather than the improper use of natural resources, labour, means of production and marketing processes.
Standard Ethics policy is to sell its shares to the management in order to ensure full independence of the ownership from any outside influence or potentially coming from customers.
Board of Directors
The Board of Directors provides leadership in the development and execution of the company's strategies. The board is not involved in the issuance of ratings.
The Rating Committee is responsible to assess the validity of the rating process and its final valuation. It can propose corrections and communicate directly to the Board.
It is also stated that noone that has business relationships with clients can be part of the Committee. The Compliance officer, empowered by the code of conduct and the supervisory protocol, participates to Committee meetings.
The legal representative, with the task of ensuring compliance with the Code of Conduct must be a member of the board and not be directly involved in any rating processes. Mr. Marcello Cardi was nominated as legal representative on July 15, 2013.
The Compliance officer, with internal control functions, has to be independent from the management and ownership and is appointed, according to the protocol supervision, with the task of enforcing the code of conduct and the protocol supervision. The officer enjoys all the powers to limit any cases of conflicts of interest between Standard Ethics and the client/issuer. Moreover, in compliance with the principle "comply or explain", he has the power to externally communicate discrepancies or delays in the execution of plans and projects previously communicated. Mr. Andrea Di Turi was nominated as compliance officer on July 15, 2013.
Standard Ethics started the new industrial policy that was communicated in March 2013. From England, Italy is the first Country where to start the rating business. In 2015, Standard Ethics is expanding its rating and indices activity in France, Belgium and Switzerland. For any queries, please contact Mr. Welcome.