Compliance and Ethics
Our Compliance and Ethics Agenda
Compliance is all about adhering to the standards we have set for ourselves and our business.
In Guinness Nigeria Plc., we strive to demonstrate the highest standards of integrity in everything we do and the way we behave towards each other and others outside our company. Our actions and interactions with our consumers, customers, employees, government officials, suppliers and shareholders and other stakeholders reflects our values, beliefs and principles.
Our business is largely self-regulated and we pride ourselves as leading our peers in the industry and Nigeria in this regard. In addition to self-regulation, we are committed to conducting business in accordance with applicable laws and regulations in Nigeria.
We have adopted a risk-based compliance approach which helps us target our resources to those areas where they are most required. This helps us to be very efficient in our compliance interventions so that we identify and assess non-compliance risks proactively and apply appropriate compliance measures to control these risks.
Some of the interventions used to embed a strong Compliance & Ethics work environment include: formal and informal compliance education (trainings, workshops, and mobile Compliance & Ethics clinics), monitoring, advisory support, breach management and other such tools to drive a culture and behavior change.
Convention on Business Integrity
To further sustain our commitment to good corporate governance, ethical business standards and the values of integrity, honesty and fairness, Guinness Nigeria signed up to the Convention on Business Integrity in September 2011.
Diageo Code of Business Conduct
We continue to demonstrate the highest standards of integrity in everything we do. Our purpose and values are at the heart of everything we do; they define our approach to the way we work and capture the essence of our passion, our ambition, our responsibility and our pride.
Our business standards have been captured in the Diageo Code of Business Conduct which translates our commitment into actions that guide our daily activities. Our Code influences the way we work, every day, everywhere.
The Code is particularly important under our Compliance & Ethics Agenda as it outlines employee individual responsibilities to enable the business Win with Compliance. Pivotal to our Code and its application are the values, which as a Company, we have committed to upholding. In complying with the code, we bring our values to life.
We run a very dynamic compliance agenda and we constantly seek and drive improvements through our compliance program. Breaching the Code or Diageo policies can have serious consequences for the company and for each of us as individuals. All employees are responsible for compliance with the Code of business Conduct and Diageo policies in addition to all laws, regulations and industry standards. We also expect temporary and contract employees, consultants, agents and any other third party who acts in our name to act in accordance with the principles of the Code. Those who fail to comply with the Code put themselves, their colleagues and the company at risk.
Key Diageo Code Policies, Additional Global Policies & Guidance
In addition to our Code of Business Conduct, we are also bound by specific global or Key Code policies, Additional Global Policies, and Guidance which provide practical guidance on our corporate and individual responsibilities. Most are specific to certain activities and risk areas.
These governance documents are regularly reviewed to ensure they continue to be relevant to the industry and our stakeholders and are often more stringent than the local laws and regulations.