Ferrari seeks to develop a cooperative environment in which the dignity of each individual is respected and that embodies the highest ethical standards in business conduct. The company is dedicated to maintaining a fair, secure, productive, and inclusive workplace for all members of its workforce, in which everyone is valued for their unique contribution. The basis of Ferrari’s governance model is the Code of Conduct that embodies a set of values recognized, adhered to, and promoted by the Company. Ferrari believes that a conduct based on the principles of diligence, integrity, and fairness is a key driver for social and economic development. The values are integrated into the Code of Conduct. The Company promotes its values and corporate culture both internally, through training activities and employee engagements, and externally, by publishing them on the corporate website.

To provide maximum transparency to the entire process, a Whistleblowing Committee has been appointed. It is composed of the Chief Human Resources Officer, the General Counsel and the Chief Internal Audit, Risk and Compliance Officer. The Whistleblowing Committee meets periodically to monitor the progress of the investigations and the implementation of the measures taken by the relevant corporate functions. Periodic reporting on whistleblowing management is provided to the Audit Committee and further internal control bodies.