ABOUT US BUSINESSES INVESTORS SUSTAINABILITY MEDIA CONTACT Home About Us Governance Code of Ethics Strategy Track Record Board of Directors Governance The Board Audit Committee Remuneration Committee Nomination Committee Internal Control and Risk Management Communications with Shareholders Directors' Shareholdings and Share Interests Code of Ethics Careers Code of Ethics Sound business ethics and integrity are core to the Group’s values and are fundamental for the success of Melrose’s strategy. Melrose is a UK premium listed company with strong, established financial controls that are continually assessed, tested and reviewed. This robust framework is supported by an independent internal audit function, regular public disclosure and financial reporting, external audits, public accountability and conformance with leading benchmarks set by the UK Corporate Governance Code. It is also supported by investor requests and direct engagement with them and corporate governance and proxy advisors, and extensive engagement with the Group’s wider stakeholder base to ensure best market practice is implemented. The high standards of financial and non-financial controls, and strong governance backed by internal and external auditing of the financial and non-financial compliance, are enforced throughout the Group. Directors, officers, employees, and contractors throughout the Group, whether permanent or temporary, and in respect of any entities over which Melrose has effective control, must comply with Melrose’s Code of Ethics, which was updated in 2020 to reflect current best practice and strong corporate citizenship. Each business is required to communicate and embed the Code of Ethics within their operations and activities to ensure that they conduct business with integrity and in a responsible, ethical and sustainable manner. The Code of Ethics, which can be found here, has been approved by the Board and includes policies covering best practice with respect to anti-bribery and corruption, anti-money laundering, anti-facilitation of tax evasion, competition, conflict minerals, trade compliance, data privacy, whistleblowing, treasury and financial controls, anti-slavery and human trafficking, document retention, and joint ventures. Further details can be found on pages 86 to 87 of the 2020 Annual Report. Any employee who is or becomes aware of a possible violation of any of the above policies should disclose relevant details via the Group's whistleblowing platform, which is designed to ensure that employees feel comfortable about raising concerns. All employees have access to a multi-lingual online portal to raise concerns, confidentially and anonymously, about possible wrong-doing in any aspect of their business, including financial and non-financial matters. The businesses undertake a number of measures to bring awareness to employees of the whistleblowing platform, using online and offline media as appropriate. Employees who come forward with a genuine concern are treated with respect and dignity and do not face retaliation. Further information about the reporting process can be found in our Whistleblowing Policy. For further information download the Code of Ethics. A copy of Melrose’s Conflict Minerals Policy can be downloaded here. Anti-bribery and corruption Anti-bribery and corruption All business must be conducted in an open, honest and ethical manner as required by the Anti-Bribery and Corruption Policy. Bribes are against the law, no matter what “local custom” may be. Any breach of this policy may lead to disciplinary action being taken by the Company up to and including termination of employment. A copy of Melrose’s Anti-Bribery and Corruption Policy is available here. Anti-money laundering Anti-facilitation of tax evasion Competition Conflict minerals Trade compliance Data privacy Whistleblowing Document retention Anit-slavery and human trafficking Joint ventures *Figures up to 31 December 2020 Copyright © Melrose Industries PLC 2021 | All Rights Reserved Sitemap Cookies Disclaimer Privacy Policy Modern Slavery Statement