017 CORPORATE GOVERNANCE MANAGEMENT Chap. 1 Compliance system The companies of the AMB Generali Group con- duct their business activities in a responsible manner and in compliance with legal provisions. A sustain- able compliance in the AMB Generali Group creates trust on the part of the capital market and customers. Therefore the Board of Management of AMB Generali maintains binding compliance programmes for all com- panies of the AMB Generali Group. These guidelines support employees in their task of fulfilling increasingly demanding legal requirements. For that purpose the AMB Generali Group has adopted the Ethical Code of the international Generali Group. With the Ethical Code, the AMB Generali Group gives itself a general guideline for its relationships with customers, shareholders, employees, contractual part- ners as well as public institutions and the press. In this context, the Ethical Code is committed to essential principles such as correctness, honesty, impartiality and professionalism. The framework provided by the Ethical Code is defined in more detail by the Code of Conduct of the AMB Generali Group. The Code of Conduct comprises specific rules of conduct for the employ- ees, in particular with regard to issues such as confi- dentiality, acceptance and granting of gifts, business transactions with employees, the four-eye principle and conflicts of interest. This strengthens the trust of customers, partners, employees and the public in a fair and ethical conduct of the company and of all employees. To implement these rules of conduct, regular training is provided across the Group. In addition, so- called compliance officers have been appointed in all major Group companies. They are the contacts in all compliance issues and report regularly to the respon- sible management bodies. In addition to these general rules of conduct, a Group-wide programme has been established to pro- vide for the observance of anti-trust rules by indicat- ing precise guidelines for all employees of the AMB Generali Group. On the basis of a Group-wide net- work of compliance officers and by regular training courses for employees in sensitive areas it is ensured that the guidelines are implemented equally across the Group and that infringements of anti-trust law are avoided. Furthermore the Board of Management of AMB Generali, in cooperation with the compliance officer, makes certain that the rules of the Securities Trading Act are observed in the AMB Generali Group by distributing state-of-the-art guidelines for security compliance across the Group.