How do you approach managing legal aspects during periods of instability or crises, and how does your legal strategy align with the broader business strategy to ensure the organisation’s resilience?   

Answer – During periods of instability or crises, i manage legal aspects proactively and strategically, anticipating potential issues and addressing them before they escalate. I prioritise risk management and adapt our legal strategy to changing circumstances. This may involve revising contracts, reassessing compliance, or seeking external legal advice. I align our legal strategy with the broader business strategy by collaborating with other department heads and the executive team. Our legal strategy protects the company and supports its strategic objectives, turning legal challenges into opportunities for growth and resilience. It’s integrated into the overall business strategy, crucial for ensuring the organisation’s resilience and allowing us to navigate legal challenges without losing sight of our business goals. 

What are the main cases or transactions that you have been involved in recently? 

Over the past year, I have been directly responsible for overseeing several intriguing and equally complex operations. This began with the divestiture of a significant business unit between two publicly traded companies. This transaction necessitated, among other tasks, approval under the Golden Power Regulation. We took direct control of the publication of the information document in accordance with Article 71 of CONSOB Regulation No. 11971/99, with the invaluable assistance of the Chief Financial Officer. Additionally, we made amendments to the bond loan regulations at the notary’s office. This operation involved institutional investors of a high calibre as counterparts. I also contributed to the drafting process of the new Strategic Business Plan for the Group, which received approval from the Board of Directors in April 2024. The Legal team played a pivotal role in this process, ensuring all strategic decisions were compliant with relevant laws and regulations, and mitigating potential legal risks.  

How do you measure the impact of ESG initiatives on the company’s overall performance and reputation? 

In the end of 2023, our company established its first ESG committee, and i was appointed as a member. Our role, as ESG committee, involves carrying out investigative, consultative, and propositional functions related to ESG issues for our board of directors. This includes overseeing processes, initiatives, and activities to ensure our commitment to sustainable development. Our legal department, supported by the ESG committee, developed and presented the first three-year ESG Strategic Plan for the Bialetti Group to the board of directors. This complex task brought great satisfaction to our team. We measure the impact of our ESG initiatives using quantitative and qualitative methods, tracking key performance indicators related to our ESG goals, and assessing the impact of our ESG initiatives on our reputation. We use ESG reporting frameworks to benchmark our performance. Our legal department plays a crucial role in promoting corporate social responsibility, ensuring compliance with laws, and driving strategic ESG initiatives. Our efforts aim to positively impact our company and society. 

What do you see as the major legal challenges for businesses in Italy over the next five years, and how are you preparing to address them? 

In the coming years, I foresee two major areas of legal challenge for businesses in Italy: whistleblowing and environmental, social, and governance (ESG) related legal cases. Whistleblowing is becoming increasingly important as businesses strive for transparency and legality. We have adopted new regulations to encourage employees to report illegal or unethical activities without fear of retaliation. This not only helps us identify potential issues early but also fosters a culture of integrity within our organisation. I’ve been nominated member of whistleblowing committee of Bialetti Industrie and Bialetti Stainless Steel (Romania). 

On the other hand, ESG and climate-related legal cases are emerging as a significant area of concern. As more such cases are being filed, they are setting precedents, thereby increasing the risk of ESG and climate-related lawsuits for businesses. As legal firms and clients increasingly seek environmental justice, we are likely to see a rise in these cases. To prepare for these challenges, we are taking proactive measures. For whistleblowing, we are implementing robust internal reporting mechanisms and conducting regular training sessions to ensure our employees are aware of their rights and responsibilities. In terms of ESG, we are closely monitoring the evolving legal landscape and engaging with external advisors to understand the potential implications for our business. We are also integrating ESG considerations into our business strategy to not only comply with the law but also drive sustainable growth. In summary, while these challenges are significant, with the right preparation and proactive approach, we are confident of navigating them successfully.