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Last update on 27/04/2017 07:58:00

   
 

 

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Glossary L-P

 


L

Legislative Decree No.231/2001

Legislative Decree No. 231 of 2001 introduced a complex and innovative system of fi nes and sanctions to the banking sector, which establishes the administrative responsibility of entities for crimes committed in their interest or to their advantage by parties who occupy a senior management position in those entities or by persons subject to supervision by them.

In order for an entity to be held responsible, the crime committed must be objectively related to the entity and it must constitute part of the company’s policy or at least result from “negligent organisation” in the sense of failure to adopt the controls needed to prevent the crime from being committed. In order to reinforce the preventative function of the system introduced, an entity is not held responsible if it has adopted and effectively implemented a system of organisation and management (including codes of conduct) designed to prevent crimes of this type from being committed


 

M

Microcredit

A micro-loan is a loan of limited amount granted to people who have difficulty in gaining access to credit through normal banking and financial channels because they lack guarantees and a credit history


Mobility Management
Mobility Management consists of an integrated approach transport management in which different instruments are used to obtain a dual result:

  • improve mobility by making more efficient the flows of people, vehicles and goods by reducing the number of private cars in circulation and the stimulation of collective transport
  • safeguard and valorize the environment through innovative and low-environmental impact solutions

Mobility Management is an important approach to develop, consolidate and disseminate the culture of sustainable mobility, a discipline that expresses an ecological and overall vision coherent with sustainable development


 

O

OHS
Occupational health and safety