How the Board sets and guards the company’s ethical standard – from compliance and whistleblowing to conflicts of interest and related party transactions.
In this section
5.3.1 | Ethics | 144 |
5.3.2 | Compliance | 149 |
5.3.3 | Whistleblowing | 154 |
5.3.4 | Conflict of interest | 159 |
5.3.5 | Related party transactions | 164 |
- 5.3.1 Ethics
Ethics is about doing what is right, not only what is required. The law and the corporate governance code set the minimum standards; ethics is the…
- 5.3.2 Compliance
With ever-evolving regulatory requirements, compliance risk is one of the key risks that every company, irrespective of its type, size or other…
- 5.3.3 Whistleblowing
A whistleblowing mechanism is the structured, formal system that a company puts in place to allow employees, customers, suppliers, contractors and other…
- 5.3.4 Conflict of interest
A conflict of interest (COI) is a situation in which two or more parties have competing interests which may, actually or potentially, improperly…
- 5.3.5 Related party transactions
Related party transactions (RPTs) are one of the situations in which a COI is inherent. RPTs are usually legitimate transactions between the company and…
