Since 2021, Padana Tubi has had a sole shareholder and is subject to the direction and coordination of Padana Holding S.r.l.
The corporate governance system of Padana Tubi is based on a traditional model in which the corporate bodies are represented by the Shareholders’ Meeting, the Board of Directors, and the Board of Statutory Auditors.
Since 2015, Padana Tubi has voluntarily adopted an Ethical code and Organisation and Control model in accordance with Legislative Decree no. 231/2001; both constitute the company’s core values and are subject to oversight by the Supervisory Body.
THE ETHICAL CODE AND PRINCIPLES
The ethical code establishes a series of “corporate ethics” rules that the Company recognises as its own and requires adherence to by its corporate bodies and employees, whose acknowledgment is also requested from all counterparts, clients, and suppliers.
In its operations and in the pursuit of its institutional goals, Padana Tubi is guided by the following ethical principles:

THE ORGANISATION, MANAGEMENT, AND CONTROL MODEL AND THE SUPERVISORY BODY
The 231 Model, supported by the Ethical Code, is the tool through which Padana Tubi aims to spread a corporate culture based on legality and the importance of adopting correct, lawful, and transparent behaviours in line with the ethical principles that the Company pursues in its activities.
Padana Tubi has implemented a Whistleblowing reporting system, which is organised through a specific procedure and an alternative communication/reporting channel, suitable for ensuring the confidentiality of the whistleblower’s identity, even through electronic means.
Any reports are handled in compliance with all privacy rules, in accordance with Legislative Decree 196/2003, the GDPR (EU Regulation 2016/679), and the protection of whistleblowers.
In accordance with GRI standards, it is noted that no reports were received during 2023, as in the previous year.