Our program for deployment and promoting awareness of ethics
The Code of Ethics and Business Conduct is available in 16 languages.
The Code of Ethics and Business Conduct sets out the rules and ethical values that the Group’s employees must comply with in their professional activities. Training ensures everyone understands the issues at stake.
The purpose of the Ethics Compliance Program is to define management actions to prevent, detect and respond to any violations of ethic based laws and rules. Each year a specific action plan is defined and deployed throughout the Group by the management (and namely entails the signing of compliance certificates, trainings,…). Commercial personnel including purchase teams are made particularly aware of competition rules. The implementation and carrying-out by management of the annual action plan of the Ethics Compliance Program are audited each year by the Internal Audit.
Appointment of a Compliance Program Officer
In the framework of the continued effort of the General Management to highlight the importance for the Group of the Ethics Compliance Program and its actions, the design of the program and the support of management in its implementation will be concentrated under the responsibility of a Compliance Program Officer as of October 20, 2015.
A procedure for reporting amongst others to the Group Ethics Correspondent (which function is separate from that of the Compliance Program Officer) breaches of the rules stipulated in the Code of Ethics and Business Conduct in accounting, financial and banking business together with corruption or competition has been in place since 2011 and should be extended to other areas of the Code in 2016.
The code of ethics and business conduct is:
- Presented to each employee on his or her arrival
- Available in 16 languages
- Accessible on the Internet and the company intranets
- Promoted and explained by management
- Appointment of a Group Ethics Correspondent