We have an extensive anti-corruption programme where we have adopted guidelines specifying how the company and our employees are to conduct business in a responsible and ethical manner. Policies and regular training on the ethical guidelines are examples of measures taken to combat all forms of corruption. Other measures include recurring internal audits, in respect of compliance and internal control. The company’s anti-corruption work is instrumental in keeping corruption risk at an absolute minimum.
Our Compliance function has been conducting a more extensive audit, regarding the risk of corruption in all business units. The audits primary goal is to identify strengths and weaknesses in the area. Audit results for the past two years show that managers have a healthy understanding of what corruption comprises and the majority are very familiar with the internal rules and are well-trained on the subject. The audit also shows that work should continue with the anti-corruption framework, in order to constantly lower the risk for corruption.