A cooperative and modern business, CMB is the fruit of its history, past and recent, and the values deriving from
experience that have enabled it to combine economic and employment growth, security and social progress.
Articles of association
The articles of association are a fundamental legal instrument that regulates the organization and operations of the cooperative. They establish the registered office, the duration of the cooperative, its mutualistic purpose and relations with the cooperative’s members. It also sets out the ethical principles underlying the business (art. 5), the management bodies, technical and administration operations, the conduct of members and participation in the cooperative.
The regulations are internal instruments to establish clear and well-defined rules to follow. The six regulations refer to the conduct of any additional employment relationship of the members, the cooperative’s corporate governance and organization, cooperative and mutualistic relations of the members, loans to members, the regulation of investor members and the fund for technological development, business restructuring and development, and capital shares in the cooperative.
The Ethical Code is the tool chosen by CMB to promote the concrete application of the values on which the social contract and the principles established by the Cooperative Articles of Association are based. It lays down the requirements and constraints which must underpin business activities. The document condemns any breach of human rights and any form of relationship with criminal or illegal activities which are contrary to the cooperation’s principles.
Policies for quality, occupational safety, the environment and social responsibility
In order to ensure that its workers enjoy the best possible health, safety and rights, as well as its respect for the environment, CMB has decided to promote the development and continuous improvement of a coherent and comprehensive management tool. The Integrated Management System (IMS) sets out the organization’s policy for occupational health and safety and for the environment. Corporate social responsibility policies, developed over a number of years within a specific program, are today fully incorporated inside the management system, which in December 2020 was certified as conforming to the SA8000 standard. All staff are required to apply the management system in relation to their individual duties and responsibilities.