Since 2021, Padana Tubi has had a sole shareholder and is subject to management and coordination by Padana Holding S.r.l. Padana Tubi’s corporate governance system is based on a traditional model where the corporate bodies are the Shareholders’ Meeting, the Board of Directors and the Board of Statutory Auditors.

Ethics, integrity and transparency

Padana Tubi has voluntarily adopted a Code of Ethics and an Organisation and Control Model in compliance with Italian Legislative Decree no. 231/2001; together, they constitute the company’s values base and are subject to control by the Supervisory Board.

The Code and the Model were adopted in 2015 and subsequently updated and approved by the Board of Directors in 2018, in 2020 and, most recently, in 2022, when the new predicate offences were added.

Since the outbreak of the war in Ukraine, Padana Tubi has severed all ties with Russian companies, customers and suppliers, and organised itself for strict compliance with the sanctions and bans progressively established by the European Community against entities, natural and legal people, and goods of Russian origin. This includes the activation of biographical checks and requests for compliance declarations from its counterparties.

The 231 Model, supported by the Code of Ethics, is the tool used by Padana Tubi to disseminate to all stakeholders a business culture based on legality and on the importance of correct, lawful and transparent conduct in line with the ethical principles that the Company pursues in its business activities.

 In its operations and works to achieve its institutional aims, Padana Tubi is guided by the following ethical principles:

For a more detailed discussion of the contents, please refer to the “Code of Ethics” published here below