Ethics & Compliance Programme
Doing business the right way, safely and ethically, is fundamental to how we work. It is the top priority for Morgan. This firm commitment to doing business in the right way is integral to the Group in continuing to be a leading advanced materials company, where corporate responsibility is a differentiator.
At Morgan we understand that our reputation and name are key assets which take a long time to build but could be quickly lost through corrupt or unethical behaviour.
The Group-wide Ethics & Compliance programme is in place to protect the Group, providing a framework underpinning the Group’s commitment to doing business in the right way. The core elements of the programme are tone-from-the-top; policies; training; control processes; and monitoring and assurance.
We use our Core Values Statement, alongside our other statements of policy and conduct, to help give guidance to our staff. It is intended to have practical value in our day to day business.
Policies and Control Processes
The Ethics & Compliance policies within Morgan focus on the Ethics, Ethics Hotline, Competition/Anti-Trust, Trade Compliance and Donations and Sponsorships policies.
Our global training strategy is fundamental to the Ethics & Compliance programme. It is focused on educating our employees on the Group compliance policies and the applicable laws and regulations.
Monitoring and Assurance
Our Divisional and global business unit presidents, and all functional heads are required to complete annual certification that the businesses/functions they are responsible for have implemented and complied in full with Group policies.
The ethics hotline, operated by an independent third-party company, enables employees and stakeholders who are aware of, or suspect unethical behaviour or practices to report these confidentially.
The Morgan Code
Central to the Morgan leadership behaviours is always working safely & ethically, read how the Morgan Code addresses this.
Group Compliance Plans
During 2019, the Group will continue to raise the profile of ethical working, with initiatives including an update of the ethical Policies, a refresh of the hotline, a continuation of new modules in the e-learning training programme, and further training on trade controls.
In 2019 the Group will also update its Modern Slavery Act Transparency Statement. The current Modern Slavery Statement is available here.