Violations of the Code of Conduct are essentially determined through:
- periodic activities carried out by Internal Audit of Ferrari Group
- reports received in accordance with the Whistleblowing Procedures
- checks forming part of the standard operating procedures.
Internal Audit investigates violations of the Code during standard periodic audits and through specific Business Ethics Audits (BEA). The results of those activities are reported to the Chairman, Chief Executive Officer and Audit Committee of Ferrari. For all Code violations, the disciplinary measures taken are commensurate with the seriousness of the case and comply with local legislation. The relevant corporate departments are notified of violations, irrespective of whether criminal action is taken by the authorities.