Philips 2009 Annual Report Download - page 105
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The global implementation of the One Philips Ethics
hotline seeks to ensure that alleged violations are
registered and dealt with consistently within one
company-wide system.
To drive the practical deployment of the GBP, a set of
directives has been published, which are applicable to all
employees. There are also separate directives which apply
to specific categories of employees (e.g. the Supply
Management Code of Ethics and Financial Code of Ethics
www.philips.com/gbp).
At the end of 2009 an updated and extended version of
the GBP directives was approved and adopted, reflecting
developments in codes of conduct and business integrity
legislation. The Financial Code of Ethics contains,
applicable to all employees performing important financial
functions amongst other things, standards to promote
honest and ethical conduct, as well as full, accurate and
timely disclosure procedures in order to avoid conflicts of
interest. Philips did not grant any waivers of the Financial
Code of Ethics in 2009.
Comprehensive Rules of Conduct containing mandatory
protocols governing the investigation of GBP complaints
were finalized and distributed throughout the
organization worldwide in 2009. A global internal
communication program tailored to the respective
businesses with the aim of strengthening employee
awareness of the importance of the Philips GBP and GBP
Directives was rolled out in 2009.
The implementation of a clearly structured procedure for
appointment of GBP compliance officers (responsibilities
and authority, hierarchical structure and organizational
mandate/independence) was completed in 2009.
Furthermore, the functional job assessment of compliance
officers is now mandatorily included in their annual
‘People Performance Management’ appraisal. An updated
version of the mandatory web-based GBP training, which
is designed to reinforce awareness of the need for
compliance with the GBP, was rolled out in the US, the
Netherlands and India in 2009. The rest of the global roll-
out (a total of 23 languages) will take place in the first half
of 2010. In 2009, a total of seven tailor-made regional GBP
training programs were rolled out in the framework of the
mandatory annual (refresher) training of compliance
officers.
6 Risk management 6.2 - 6.2
Philips Annual Report 2009 105