Report on corporate governance and ownership 2011 - Indesit


<strong>Report</strong> on corporate governance and ownership at 21 March 2012 on 2011 
Directors and department managers and all other persons with material access to news and
documents concerning the Company in the course of their duties are under obligation to keep such
data confidential and to use them exclusively for the performance of their duties 32 . They must not
abuse their privileged access to information, which is prohibited by current legislation, and are under
obligation to abide by the Disclosures Procedure for external communication of such documents and
information.
Regarding internal management of Price-sensitive Information, the Company introduced a series
of procedures to protect all the internal systems that generate consolidated accounting and
management information. All subjects who have or may have access to such systems are recorded in
the Register.
IndesitCo is committed to ensuring that everyone who accesses (or may access) Price-sensitive
Information is aware of their legal and regulatory obligations (and relative sanctions) and above all the
rules of corporate governance relating to Price-sensitive Information. To this end, a special disclaimer is
handed or read out to participants before all meetings involving the management. Further, all people
entered in the Register receive an annual training session.
10. Relations with shareholders
10.1 Head of Investor
Relations
To establish ongoing dialogue with institutional investors, other shareholders and the market in
general and to guarantee systematic publication of extensive and timely information on its activities,
IndesitCo some years ago appointed a Head of Investor Relations.
Financial communication plays a prime role in IndesitCo in the process of creating value for the Group,
and in fact the Company fosters a continual flow of information with the financial community and
the market. The Head of Investor Relations reports to the Group Chief Financial Officer and works in
compliance with the procedure for disclosure to the market and international best practice. The Head
of Investor Relations is assisted by various Company functions (esp. the AFC and DALS).
Financial communication procedures are based on constant contacts with financial analysts,
institutional investors and shareholders in order to guarantee full and correct perception of strategic
decision making and the implementation and impact on business results of such developments.
In 2011, IndesitCo dedicated numerous working days to meetings with analysts and institutional
investors, the main ones being:
• four conference calls, on the occasion of the announcement of interim results;
• roadshows addressing financial markets in Milan, London and Paris;
• over 200 conference calls and one-to-one meetings, many of which many of which during the
three European conferences organized by Italian and foreign brokers (Geneva, London and
Stockholm).
32. As required in section 4 of the Code.
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