Governance

The Company Shareholders believe that profit can be achieved through proper management driven by healthy competition based on entrepreneurial and managerial skills rather than the improper use of natural resources, labour, means of production and marketing processes.

Shareholders

Standard Ethics policy is to place the majority of its shares with management in order to ensure full independence of ownership from any external influence or potentially coming from customers. No single shareholder has complete control of the company.

Board of Directors

The Board of Directors provides leadership in the development and execution of the company's strategies. The Board is not involved in the issuance of ratings.

Rating Committee

The Rating Committee is responsible for assessing the validity of the rating process and its final evaluation. It can propose corrections and communicate directly to the Board.

It is also stated that noone who has business relationships with clients can be part of the Committee. The Compliance officer, empowered by the Code of Conduct and the supervisory protocol, participates in Committee meetings.

Legal Unit

The legal representative, with the task of ensuring compliance with the Code of Conduct must be a member of the Board and not be directly involved in any rating processes.

Compliance officer

The Compliance Officer, with internal control functions, must be independent from management and ownership and is appointed, according to protocol supervision, with the task of enforcing the Code of Conduct and the protocol supervision itself. The Officer has the power to limit any cases of conflicts of interest between Standard Ethics and the client/issuer. Moreover, in compliance with the principle "comply or explain", he entrusted to externally communicate discrepancies or delays in the execution of plans and projects previously communicated.