Legislative Decree no. 231 of 8 June 2001 (Lgs. Decree no. 231/2001) provides for a direct liability of legal entities, companies and associations for certain crimes committed by their representatives. The law aims to encourage companies to adopt corporate governance structures and risk prevention systems to stop managers, executives, employees and external collaborators from committing crimes. In fact, only the adoption of an adequate organisational, management and control structure can exonerate a company from the severe liability which is provided by Lgs. Decree no. 231/2001. The failure to adopt such structure in a timely fashion has resulted in many Italian and foreign companies being held liable under Lgs. Decree no. 231/2001.
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