ABF has devised a control model pursuant to Legislative Decree 231/2001 (hereafter referred to as the “231 Model”) to address the regulation of administrative liability applicable to entities.
Such entities may incur liability and subsequent sanctions concerning specific crimes committed or attempted, either in the interest of or to the advantage of the entity itself, by individuals occupying “top positions” or acting as “subordinates.” Notwithstanding, an entity may absolve itself of liability by demonstrating that it has “adopted and effectively implemented” a control model capable of preventing the commission of such offenses.
The ABF model comprises the Board of Statutory Auditors, the Supervisory Board (SB), an external entity tasked with certifying financial statements (KMPG), and quarterly accounting controls.
ETS - ESG
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Emoluments disclosure
| Hiring date | Role | (Gross Annual Salary) |
| Apr-16 | President | 89.908,14 € |
| Dec-20 | President of the Board of Auditors Deborah Sassorossi | 3.660,00 € |
| Dec-20 | Board Member Stefano Monti | 1.830,00 € |
| Jul-23 | Board Member Guido Del Bue | 1.830,00 € |
Public Funding
Destination Projects of the 5×1000 Contribution
Below are the 5×1000 allocation projects in recent years:
- 2017 (funds received in 2019): Reconstruction ABF Music Academy “F. Corelli” of Camerino.
- 2018-2019 (funds received in 2020): Reconstruction ABF Music Academy “F. Corelli” of Camerino.
- 2020 (funds received in 2021): Reconstruction of the Professional school for industry and handicraft – IPSIA “R. Frau” of San Ginesio.
- 2021 (funds received in 2022): Reconstruction of the Professional school for industry and handicraft – IPSIA “R. Frau” of San Ginesio.
- 2022 (funds received in 2023): Reconstruction of the Professional school for industry and handicraft – IPSIA “R. Frau” of San Ginesio.
Legislative Decree 231/2001
Model 231
The voluntary adoption of this model by the Andrea Bocelli Foundation was undertaken to enhance protective and guarantee mechanisms aligned with its mission. This initiative underscores the core values of transparency, ethics, and fairness, which are manifested through actions and attitudes characterized by adherence, compliance, and respect for regulations.
Code of Ethics
The Board of Directors ratified the Code of Ethics of the Andrea Bocelli Foundation concurrently with Model 231. The Code of Ethics incorporates best practices, sets forth the guiding principles of ABF’s operations, makes a distinction between behaviors that comply with the Code and those which do not comply with the Code, and is intended to guide individual behavior by minimizing arbitrariness.
The Supervisory Body
The Supervisory Body (SB) oversees the functioning, effectiveness and compliance of the Model, as well as the synergies between the Code of Ethics and the Model. The Supervisory Body, appointed by the Board of Directors, operates in accordance with clearly defined tasks and functions, in line with the provisions of Legislative Decree 231/2001.