DOCSLIB.ORG

Statement of Business Principles and Code of Conduct

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Statement of Business Principles and Code of Conduct HSBC Holdings plc Statement of Business Principles and Code of Conduct Table of contents Summary 2 Introduction from our CEO 3 HSBC Group values and principles 4 Managing conduct 6 Managing risk 7 Respect for the law 8 Respect for all 11 Protecting company assets 12 Conflicts of interest 14 Doing the Right Thing for Our Customers 16 Supporting sustainability 17 Compliance, reporting violations and asking questions 18 1 Summary Our Statement of Business Principles and Code of Conduct (referred to as “the Group Code”) applies to the directors of HSBC Holdings plc (“Directors”), its officers and employees of the HSBC Group. For the purposes of the Group Code: “HSBC Group” or the “Group” means HSBC Holdings plc and its wholly owned subsidiaries; and HSBC Holdings plc executive directors and officers are also employees of the HSBC Group. Regional and country requirements may also apply and members of the HSBC Group are required to establish Codes of Conduct that apply to their executive directors and employees. Such Codes must be aligned to the Group Code to the extent permitted by local law and regulation. 2 Introduction from our CEO Our purpose is to be where the growth is, connecting customers to opportunities. We help enable businesses to thrive and economies to prosper, helping people to fulfil their hopes and dreams and realise their ambitions. For over 150 years, this purpose has underpinned all that we do. It continues to guide us as we seek to adapt to changing customer expectations in an evolving economic, political and increasingly digital world. To achieve our purpose, we seek to build strong relationships with all our stakeholders, including customers, colleagues, suppliers and the communities we operate in. This helps enable us to deliver our strategy in line with our long-term values and operate the business in a sustainable way. Our success as a leading international bank serving customers and society for more than 150 years is guided by a set of principles. Our Global Principles set an overarching standard for all our other policies and procedures, and are fundamental to the HSBC Group’s risk management structure. They inform and connect our purpose, values, strategy and risk management principles, guiding us to do the right thing and treat our customers and our colleagues fairly at all times. Our Global Principles outline that our people must treat each other with dignity and respect, creating an inclusive culture to support equal opportunities. We do not tolerate any discrimination, bullying, harassment and victimisation. Good conduct is key to winning and retaining our customers’ trust. Through our actions and behaviour, we aim to deliver fair outcomes for our customers and support the orderly and transparent operation of financial markets. Conduct is a critical component of all of HSBC’s activities. It is embedded within the HSBC Group’s strategy, business models and planning, our culture and behaviours, interaction with customers, products and services, financial markets operations, and governance and oversight processes. Noel Quinn Group Chief Executive HSBC Holdings plc 3 HSBC Group values HSBC’s values reflect how we interact with customers and colleagues, regulators and the wider community. Our values define who we are as an organisation and what makes us distinctive. HSBC brings these values to life through our day-to-day actions. We are committed to putting our values at the heart of how we behave. HSBC’s values guide us in what is important. We are: Open Dependable Connected to different ideas and cultures and we do the right thing to customers, communities, regulators and each other Communicating openly, Standing firm for what is Building connections, being honestly and transparently, right, delivering on externally focused, collaborating welcoming challenge and commitments, being across boundaries learning from mistakes trustworthy Caring about individuals and their Listening, treating people Taking personal progress, behaving respectfully, fairly, being inclusive, valuing accountability, being decisive, being supportive and responsive different perspectives using good judgement and common sense, empowering others 4 Our values shape our relationship with and our approach to our customers, each other and society. We aim to: Customers Each other Society actively listen and ask the treat individuals with dignity conduct our business in an right questions so that we and respect. We value them ethical and responsible way understand our customers' for the contributions they manage financial crime risk to needs make help safeguard the financial treat customers fairly. We encourage and embrace system and the communities we only offer them products and diversity serve services that meet their collaborate with each other, recognise our wider obligations needs, and always act in their inviting different perspectives towards communities and best interests and views. We welcome and understand that economic ensure our products and respond positively to growth must be sustainable standard of service live up to challenge take into account the long-term the expectations we set help our people enhance their effects of our business and speak up if we make a own physical, mental and strategy on society, the mistake, fix it and learn from it emotional well-being. We environment and communities care about our customers and support work-life choices are empathetic to their where we can circumstances. We are as support our colleagues to supportive as possible during realise their aspirations and adversity achieve their potential provide a safe environment provide colleagues with a safe for our customers when they working environment visit our premises empower people to do the right thing encourage colleagues to speak up where they have concerns 5 Managing conduct The HSBC Group expects its people to behave professionally at work. Speaking up Good conduct at HSBC means delivering fair outcomes for customers and maintaining the orderly and transparent operation of financial markets. HSBC continues to create a The conduct framework provides a set of outcomes to achieve across speak-up culture. In line with everything HSBC does. It covers key areas where conduct issues can Our Global Principles, HSBC arise: promotes open and honest Strategy and Our strategy, business models, plans and communication, supporting business models decisions always aim to treat customers fairly people in raising concerns and to not disrupt market integrity about anything that goes against HSBC Group values, Culture and Our culture empowers our people and breaks the law, breaches behaviours rewards them for doing the right thing for our customers and markets and always learning regulations or policies, or that from any mistakes simply feels wrong. HSBC does not condone or tolerate Customer We know our customers and understand their any acts of retaliation against needs; we deliver appropriate, competitive those who speak up. products they understand, supported by efficient customer service HSBC encourage individuals Markets We seek to identify and prevent actions and to raise concerns through all behaviours that can result in market misconduct whilst ensuring we execute our usual escalation channels, transactions promptly and efficiently and including via Line Managers, safely handle any information we have HR or Compliance. However, we understand there are Governance and We carefully manage and oversee the way we circumstances where oversight treat customers, ensuring it is fair and that we individuals may wish to raise uphold market integrity; we always maintain timely, open and transparent engagement concerns discretely. HSBC with our regulators Confidential, our global whistleblowing platform, For more information on our approach to Conduct, visit enables concerns to be raised https://www.hsbc.com/our-approach/risk-and-responsibility/our- confidentially, ensuring all conduct cases are thoroughly and impartially investigated. 6 Managing risk HSBC faces many risks. Some we accept as part of The focus of our Risk Management Framework is to: doing business, but there are others we must avoid so Manage risk consistently across the HSBC Group we can protect our business, customers, colleagues, shareholders and the communities we serve. Have a strong risk culture: managing risk is simply part of how we work HSBC’s Risk Management approach, which is underpinned by our values, outlines our overall Be aware of risks, identify our material risks and approach to managing risk. It is used throughout the take better decisions as a result HSBC Group, including by all our subsidiaries, Have controls in place to ensure we only take the countries, global businesses and functions. right type and amount of risk to grow our business safely and within our appetite Deliver fair outcomes for customers and help protect market integrity HSBC's Risk Management approach Govern the risks through analysis, Govern 5 challenge and remediation Aggregate and analyse data Aggregate and Report 4 Report to enable decision making Manage and control our risks within Manage 3 appetite Identify and record risks to our business Identify and Assess 2 Assess the potential impact Define risk appetite and controls Define and Enable 1 Enable risk culture and accountability 7 Respect for the law Directors and employees are expected to respect laws, Sanctions rules and regulations applicable to them. A large number of laws and regulations around the world
Load more

Recommended publications
  • Homicidehijacking Trafficking in Wildlife
    Terrorism HomicideHijacking Trafficking in wildlife Burglary Assault Piracy Corruption Kidnapping 0207 Illicit enrichment 0308014 Smuggling of migrants Child pornography 0609 Sexual exploitation rty 05 Trafficking in persons Deprivation of libe Robbery Fraud Theft Forced labour Rape INTERNATIONAL CLASSIFICATION OF CRIME FOR STATISTICAL PURPOSES (ICCS) VERSION 1.0 February 2015 2013 Copyright © 2015, United Nations Office on Drugs and Crime Acknowledgments The development of the International Classification of Crime for Statistical Purposes was coordinated by the UNODC Research and Trend Analysis Branch (RAB), Division of Policy Analysis and Public Affairs (DPA), under the supervision of Jean-Luc Lemahieu, Director of DPA, Angela Me, Chief of RAB, and Chloé Carpentier, Chief of RAB Statistics and Surveys Section. Core team Research coordination and report preparation Enrico Bisogno Michael Jandl Lucia Motolinia Carballo Felix Reiterer Atsuki Takahashi Graphic design and layout: Suzanne Kunnen Kristina Kuttnig Editing: Jonathan Gibbons The International Classification of Crime for Statistical Purposes (ICCS) was developed using the “Principles and framework for an international classification of crimes for statistical purposes” produced by the UNECE-UNODC Joint Task Force on Crime Classification and endorsed by the Conference of European Statisticians in 2012. The ICCS was produced on the basis of the plan to finalize by 2015 an international classification of crime for statistical purposes, as approved by the Statistical Commission in its decision 44/110 and by the Economic and Social Council in its resolution 2013/37. Gratitude is expressed to all Member States, international organizations and individual experts who contributed to the development of the ICCS. The continuous support of the UNODC-INEGI Center of Excellence on Statistics on Governance, Public Safety, Victimization and Justice is gratefully acknowledged, as is the contribution of Steven Malby who developed the initial concept of the classification.
    [Show full text]
  • KYOS Online Curriculum 2021 Market Abuse
    Market Abuse Online curriculum KYOS Online training MARKET ABUSE 2 ONLINE CURRICULUM COURSES – INCLUDING EXAMINATION & CERTIFICATION Page 5 Misconduct at Work (MISCONDUCT) 6 1. Concepts – Conduct versus Misconduct 7 2. Concepts – Morality, ethics & integrity 8 3. Ethics in the workplace – Discrimination 9 4. Ethics in the workplace – Harassment 10 5. Ethics in the workplace – Sexual intimidation 11 6. Governance – Conflicts of interests & moral dilemmas 12 7. Governance – Rules & codes 13 8. Governance – KYC 14 9. Governance – Whistleblowing policy 15 10. Governance – Anti-retaliation policy 16 11. Culture – Corporate climate 17 12. Culture – Remuneration 18 Senior Managers and Certification Regime (SMCR) 19 1. Background & Scope 20 2. Conduct Rules 21 3. Certification Regime 22 4. Senior Managers Regime 23 Data protection (DP) 24 1. Data protection & privacy 25 Financial crime (FC) 26 1. Introduction to financial crime 27 2. Money laundering 28 3. Terrorist financing 29 4. Bribery 30 5. Financial fraud 31 6. Tax fraud 32 7. Employee fraud 33 8. Market abuse 34 Market Abuse (MA) 3 1. 1EU regulations & institutions 36 2. REMIT 37 3. MAR 38 4. Ethics & integrity 39 5. Commodity value chain 40 6. Inside information 41 7. Inside information – Under REMIT 42 8. Inside information – Under MAR 43 9. Insider trading & market manipulation 44 10. Markets & trading 45 11. Products 46 12. Pricing 47 3 Conduct 48 i. Morality 49 ii. Decision-making & behaviour 50 iii. Ethical blindness 51 iv. Conduct Management 52 v. Psychology 53 vi. Leadership features & performance rules 54 Regulation 55 i. Definitions – MAR 55 ii. Definitions – MiFID II 56 iii.
    [Show full text]
  • Exploring Ethics As a Meta-Regulatory Framework for Evolving Governance Discourse By
    Principles, Process and Responsibility: Exploring Ethics as a Meta-Regulatory Framework for Evolving Governance Discourse by Alison Louise Dempsey A THESIS SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF PHILOSOPHY in The Faculty of Graduate Studies (Law) THE UNIVERSITY OF BRITISH COLUMBIA (Vancouver) April 2012 © Alison Louise Dempsey, 2012 Abstract This thesis proposes a new paradigm for understanding, developing and maintaining standards of corporate governance and conduct based on ethics as a meta-regulatory framework for governance discourse. It explores the possibility that, within such a framework, the explicit recognition of fundamental norms of ethical conduct and decision making such as honesty, fairness, consideration of others, responsibility and trustworthiness would precede and inform policy decisions relating to the objectives, structure and regulatory approaches of particular governance systems and practical considerations of how to implement and operationalize governance practices. It suggests that, despite the complex legal, institutional, normative and social dimensions of corporate governance standards and practice, these ethical norms are already implicit, and more recently explicit, in the formal systems of laws, rules and standards that seek to regulate corporate conduct. Alongside these traditional governance regulatory mechanisms, informal and soft law governance standards − codes, guidelines, international and multi-partite commitments − have emerged as an influential source of explicitly ethical, values based beliefs and expectations of what constitutes responsible business. There is an opportunity to use these ethical norms as a common point of departure for future governance discourse that is broad enough to support multiple approaches to governance yet flexible enough to accommodate complexity, diversity and change.
    [Show full text]
  • National Strategic Assessment of Serious & Organised Crime 2019
    2019 National Strategic Assessment of Serious and Organised Crime I am proud to introduce the 2019 National Strategic Assessment of Serious and Organised Crime (SOC). This intelligence-based assessment builds on those General Director NCA’s previously issued to provide a single picture of the threat to the UK from serious and organised crime over the from Foreword the course of the past year. Against a backdrop of continuing growth in volume and complexity across SOC threats, the National Crime Agency (NCA) has set priorities that are cross- cutting in nature. This frees us from a limiting focus on This assessment has been drafted with support from individual priority crimes and allows us to target high- many organisations, with intelligence from Scotland harm criminals across the board. To achieve this, this and Northern Ireland included throughout to provide assessment is structured around the following priority a UK-wide threat picture. I trust that it is useful to areas for 2019/2020: colleagues across central government, Police and Crime Commissioners, operational law enforcement The identification and disruption of high-harm, high- partners, the security services, and the private and third impact criminals and organised crime groups (OCGs), sectors. diminishing their capability, infrastructure and influence. In particular, those who: I also hope it is of value to the public, who have a key role to play in disrupting SOC. This assessment differs • Exploit the vulnerable through child sexual from those of previous years, covering both illustrative Probability and Uncertainty abuse and exploitation, trafficking, servitude, cases and ways in which the public can stay alert to, fraud and other forms of abuse; and help to prevent and respond to, emerging SOC threats.
    [Show full text]
  • Preliminary Investigation of the Abuse of Girls in Zimbabwean Junior Secondary Schools - Education Research Paper No
    Preliminary Investigation of the Abuse of Girls in Zimbabwean Junior Secondary Schools - Education Research Paper No. 39, 2000, 100 p. Table of Contents EDUCATION RESEARCH Fiona Leach and Pamela Machakanja With Jennifer Mandoga Serial No. 39 DFID - Department for International Development 2000 Serial No. 39 ISBN: 1 86192 279 5 Department For International Development DEPARTMENT FOR INTERNATIONAL DEVELOPMENT EDUCATION PAPERS This is one of a series of Education Papers issued from time to time by the Education Department of the Department For International Development. Each paper represents a study or piece of commissioned research on some aspect of education and training in developing countries. Most of the studies were undertaken in order to provide informed judgements from which policy decisions could be drawn, but in each case it has become apparent that the material produced would be of interest to a wider audience, particularly those whose work focuses on developing countries. Each paper is numbered serially, and further copies can be obtained through the DFID's Education Department, 94 Victoria Street, London SW1E 5JL, subject to availability. A full list appears overleaf. Although these papers are issued by the DFID, the views expressed in them are entirely those of the authors and do not necessarily represent the DFID's own policies or views. Any discussion of their content should therefore be addressed to the authors and not to the DFID. OTHER EDUCATION RESEARCH PAPERS IN THIS SERIES No. 1 SCHOOL EFFECTIVENESS IN DEVELOPING COUNTRIES: A SUMMARY OF THE RESEARCH EVIDENCE. D Pennycuick (1993) ISBN: 0 90250 061 9 No. 2 EDUCATIONAL COST-BENEFIT ANALYSIS.
    [Show full text]
  • Poland 2016 Human Rights Report
    POLAND 2016 HUMAN RIGHTS REPORT EXECUTIVE SUMMARY Poland is a republic with a multiparty democracy. The bicameral parliament consists of an upper house, the senate (Senat), and a lower house (Sejm). The president, the prime minister, and the Council of Ministers share executive power. Observers considered the May 2015 presidential elections and the October 2015 parliamentary elections free and fair. Civilian authorities maintained effective control over the security forces. During the year parliament passed a public assembly law, a counterterrorism law, a surveillance law, media laws, and laws related to the Constitutional Court which local and international nongovernmental organizations (NGOs) indicated may have a negative impact on human rights protection and the principles of democracy and the rule of law. Among the country’s principal human rights problems were xenophobic and racist incidents, including both hate speech and hate crimes involving violence, and cases of anti-Semitism. Local NGOs stated verbal harassment and physical violence targeting racial and ethnic minorities and foreigners increased. An increasing backlog of cases and lengthy court procedures impeded the delivery of justice. Other human rights problems included abuse of prisoners and detainees by police, inadequate medical facilities and treatment in jails and prisons, compulsory hormone therapy to lower sex drive for some convicted sex offenders, and at times inadequate cell space and antiquated prisons. Delays in the restitution of private property continued. Criminal defamation laws restricted freedom of speech and press by discouraging speech, publications, and material on the internet critical of public officials. Official corruption remained a problem, despite enforcement efforts. During the year the government severely cut the budget of the office of the public defender for human rights and limited its ability to perform its functions.
    [Show full text]
  • Preventing Misuse of Public Authority in the Corporate Sector
    Page | 2 PRECOP-RF Protection of the Rights of Entrepreneurs in the Russian Federation from Corrupt Practices Technical Paper: Comparative analysis on preventing misuse of public authority in the corporate sector Prepared by Valts Kalnins, Mjriana Visentin and Vsevolod Sazonov, Council of Europe experts ECCU-PRECOP-TP-1/2014 Page | 3 The PRECOP RF is funded through the Partnership for Modernisation, a jointly launched initiative by the EU and Russian authorities. One of the priority areas of this initiative is the effective functioning of the judiciary and strengthening of the fight against corruption. For further information please contact: Disclaimer: This technical report has been commissioned Economic Crime & Cooperation Unit (ECCU) by the PRECOP RF project team and was Action against Crime Department prepared by a team of experts. The views Directorate General of Human Rights and Rule of expressed herein are those of the experts and Law-DG I, Council of Europe can in no way be taken to reflect the official opinion of the European Union and/or of the Tel: +33-3-9021-4550 Council of Europe. Fax: +33-3-9021-5650 e-mail: [email protected] www.coe.int/corruption www.coe.int/precop Page | 4 Abbreviations AML/CFT Anti-Money Laundering/ Combating the Financing of Terrorism BGH The Federal Court of Justice (Germany) [Bundesgerichtshof] CCL Corporate Criminal Liability CE Corporate Entity CC Criminal Code (also the Competition Commission of the United Kingdom in Box 17) CCL Corporate Criminal Liability CCP Code of Criminal Procedure CEO
    [Show full text]
  • Greek National Commission for Human Rights
    HELLENIC REPUBLIC GREEK NATIONAL COMMISSION FOR HUMAN RIGHTS Neofytou Vamva 6 (3rd floor), GR 106 74 Athens, Greece, •el: +30 210 7233221-2 fax: +30 210 7233217; e-mail: [email protected], website: www.nchr.gr Website: www.nchr.gr, E-mail: [email protected] GNCHR Submission to the OEWG-Ageing : 5th May, 2017 The GNCHR in its capacity as the independent advisory body to the Greek State on matters pertaining to human rights protection has precisely addressed the protection of the rights of older persons in Greece. In its thematic report i the GNCHR considered its long-term work on issues pertaining to equality and non discrimination ii as well as to social rights iii and the impact of economic crisis and austerity measures on them iv . More precisely, in its thematic report the GNCHR qualified the following axes : Civil and political rights : Autonomy and participation ; Informed consent in healthcare ; Protection from violence and abuse - Social and economic rights: Right to social security and safety and right to work ; Right to health and care - Equality and non- discrimination. Conclusively, the GNCHR’s Plenary was in favour of adopting an International Convention on Older Persons’ Rights. In this regard, the GNCHR welcomes the possibility offered to NHRIs to submit a formal input to the work of the forthcoming Eights Session of the Open-ended Working Group on Ageing. OEWG Ageing 2 Equality and Non-Discrimination Constitution and Legislation in Greece In Greece, the “respect and protection of the value of the human being constitute the primary obligations of the State ” and they are constitutionally guaranteed (Article 2(1) of the Constitution).
    [Show full text]
  • Papers from the British Criminology Conference 2011 Whole Volume
    ISSN 1759-0043 Papers from the British Criminology Conference An Online Journal by the British Society of Criminology Volume 11, 2011 www.britsoccrim.org British Society of Criminology 2-6 Cannon Street London EC4M 6YH Papers from the British Criminology Conference An Online Journal by the British Society of Criminology 2011 Conference, (3-6 July) Economies and Insecurities of Crime and Justice Hosted by Northumbria University Editor Andrew Millie, Edge Hill University Editorial Board Karen Bullock, University of Surrey Simon Mackenzie, University of Glasgow Other reviewers Spencer Chainey, University College London; Ben Crewe, University of Cambridge; Hazel Croall, Glasgow Caledonian University; Rosie Erol, University of Worcester; Alex Hirschfield, University of Huddersfield; Christina Pantazis, University of Bristol; Peter Squires, University of Brighton; Rob White, University of Tasmania Published annually and available free online at www.britsoccrim.org © 2011 the authors and the British Society of Criminology Vol. 11 ISSN 1759-0043 Disclaimer: This publication is made available on the understanding that the publisher, editors and authors will not accept any legal responsibility for any errors or omissions (express or implied) that it may contain. The views and opinions expressed are those of the authors and do not necessarily reflect those of the British Society of Criminology. Papers from the British Criminology Conference An Online Journal by the British Society of Criminology Volume 11, 2011 Contents Editorial 1 Andrew Millie Recession, crime and mental health 3 Jill Peay, London School of Economics Prison and university: A tale of two institutions? 20 Rod Earle, the Open University Policing wildlife: Perspectives on criminality in wildlife crime 38 Angus Nurse, Birmingham City University Financial regulation enforcement and the criminal dimension: 54 Irish perspective, EU context Shaun Elder, University of Limerick i Papers from the British Criminology Conference, Vol.
    [Show full text]
  • Criminal Liability in Regulatory Contexts: Responses
    CRIMINAL LIABILITY IN REGULATORY CONTEXTS: RESPONSES GENERAL COMMENTS RSPCA 1.1 Particular interest in the proposals because of RSPCA’s role as private prosecutor as opposed to a “regulator” for offences relating to animal welfare. The RSPCA undertakes prosecutions in furtherance of its charitable objects which are “to promote kindness and to prevent or suppress cruelty to animals and to do all such lawful acts as the Society may consider to be conducive or incidental to the attainment of those objects” (s4, RSPCA Act 1932). The Society has strived to achieve these aims since its inception and since the 1822 Act to prevent the cruel and improper treatment of cattle, cruelty to animals has been firmly enshrined in the criminal law. It would be a backward step for animal welfare should this regime change. 1.2 In 2009, the RSPCA secured 2,579 convictions for offences relating to animals. Prosecutions were primarily brought under the Animal Welfare Act 2006 (“AWA”), other relevant legislation included the Wildlife and Countryside Act 2008 and the Wild Mammals (Protection) Act 1996. The Society is anxious to ensure that the existing enforcement work that it undertakes in conjunction with the police and CPS is not compromised by the proposals contained in the Consultation document. 1.3 The RSPCA also consider that the power to impose a system of civil sanctions already enacted in the Regulatory Enforcement Sanctions Act 2008 and introduced in the Environmental Sanctions Order 2010 should not be extended beyond environmental offences (which was the intended ambit of these pieces of legislation) onto the AWA.
    [Show full text]
  • Financial Regulation Emerging Themes in 2018
    FINANCIAL REGULATION EMERGING THEMES IN 2018 FEATURED CONTENT When is information exchange anti-competitive? 16 To delete or not to delete? The conflicting pressures of data retention 34 Employee misconduct – navigating the web of regulatory and employment law duties under SMCR 80 FOREWORD REGULATION IN THE INFORMATION AGE Welcome to BLP’s Emerging Themes 2018, in which members of our financial regulation group provide their own personal viewpoints on new and developing issues that will be impacting our clients over the year ahead. Yet again we face the new year in the knowledge that there is huge change ahead. Having grappled with the uncertainties of MiFID II implementation to meet the January 2018 deadline, other major regulatory change projects continue in areas such as the General Data Protection Regulation, the Insurance Distribution Directive, the expansion of the Senior Managers and Certification Regime to all UK authorised firms, the ring-fencing of UK banks and, of course, vital restructuring of cross-border operations to enable continuity of services following the UK’s secession from the European Union early next year. The title we have chosen for this year’s publication, “Regulation in the Information Age”, reflects the key importance to many of the businesses that we advise of managing – and generating commercial advantage from – huge data flows, and the attempts of our national and European authorities both to seek to regulate the use of this data by financial institutions in the modern age, and to harness the power of data themselves in order to regulate more effectively. As well as the need for protection of sensitive personal information, this extends to strategically critical issues such as high frequency and other algorithmic trading, product pricing systems, the ability to transfer data across borders, business continuity systems and automated surveillance tools to detect misconduct.
    [Show full text]
  • Code of Conduct
    Code of Conduct Code of Conduct Code of Conduct Skanska Code of Conduct produced by Skanska Group HQ , Stockholm, 2021 Version 2.1 This version valid from April 1, 2021 Originally valid from January 1, 2019 4 Contents Introduction Anchored to our values 7 Why we have the Code of Conduct 8 Foundation for the Code of Conduct 8 Who the Code applies to 11 Compliance with laws 12 Reporting a concern 12 No-retaliation policy 13 Guidance for decision-making 14 Chapter 1 Introduction 15 Our commitment Health, safety and well-being 16 at our Fair working conditions 19 workplace Diversity and inclusion 21 Personal growth and development 24 Protection of personal data (data protection) 26 Reporting and maintaining records 29 Company assets 31 Confidentiality 33 5 Chapter 2 Introduction 35 Our commitment Relationships with stakeholders 36 in the Conflicts of interest 38 marketplace Hospitality and gifts 40 Commitment to quality 43 Fraud 45 Sponsorship 47 Insider information and market abuse 49 Chapter 3 Introduction 52 Our commitment Climate and Environment 53 to society Community Investment 55 External communication 57 Anti-corruption and anti-bribery 60 Sanctions 63 Money laundering 65 Fair competition 67 Political activities 69 How to report a concern 72 Human Rights references 74 6 “Living our values builds trust among colleagues, partners and customers. It builds pride and strengthens our business.” Anders Danielsson President and CEO Strong values build 7 a great company Our Code of Conduct defines how all Skanska em- ployees work. We are proud of the ethical business practices that we have established and the values we live by.
    [Show full text]