Honest business conduct
We expect that all of our business partners conduct business fairly and with integrity. They will not offer, promise, give, accept or solicit money, gifts or other advantages as an inducement to do something that is illegal and inappropriate. This includes making facilitation payments. Facilitation payments are payments made to induce officials to perform routine functions they are otherwise obliged to perform.
Entering into a business transaction with or on behalf of AkzoNobel or accepting certain terms and conditions may not be influenced by gifts or hospitality.
Our business partners do not offer AkzoNobel employees gifts or hospitality of more than modest value. They never offer cash or cash equivalents such as gift cards to our employees, or in any circumstance while acting on behalf of AkzoNobel, unless it is in line with AkzoNobel's Customer Incentives Program Rules and Procedures.
Our business partners compete fairly and comply with competition and anti-trust laws. They do not enter into agreements or practices that have a restrictive effect on competition, such as price-fixing, market allocation or abuse of dominant position. They do not offer products or services to or on behalf of AkzoNobel in a misleading way.
It is essential that our business partners comply with export control regulations applicable to their business and AkzoNobel, and that they provide accurate and truthful information about it to AkzoNobel, customs and other authorities when required. They identify and manage trade restrictions applicable to their business with us, including those of sanctioned countries and parties.
Intellectual property and confidential information
We expect our business partners to respect intellectual property rights, including those of AkzoNobel. There must be appropriate measures to prevent disclosure or unauthorized use of AkzoNobel confidential information made available to them.
Our business partners protect the personal data of AkzoNobel’s employees and use this data for legitimate and authorized business purposes only. They must be clear on when and how they collect, use or share personal data. They take appropriate security measures to protect the data.
Conflict of Interest
Decisions our business partners’ employees take in regard to AkzoNobel business transactions may not be influenced by personal or private interests. Personal or friendly relationships with an AkzoNobel employee may not be used to influence the employee’s business judgment. If an employee is related to an AkzoNobel employee, and this may represent a potential conflict of interest in a transaction or business relationship, our business partners must disclose this fact to AkzoNobel or ensure that the AkzoNobel employee does. Our business partners do not provide financial or other support to political parties to influence transactions with or for AkzoNobel.
Trading in shares
Our business partners may not trade in securities, or encourage others to do so, using confidential information received from AkzoNobel.
If they use or have access to AkzoNobel's resources, including people, systems, networks and facilities, our business partners must use these resources appropriately, in accordance with AkzoNobel's instructions and for their intended business purpose only.
We expect our business partners to keep accurate, complete and up-to-date records on their transactions with AkzoNobel. These records must be retained in accordance with applicable laws.
Our business partners must have internal controls designed to detect, prevent and respond to fraud and money laundering. Transactions must be properly recorded and subject to review. Any potential fraud that may have an impact on AkzoNobel must be reported immediately using our SpeakUp! process. More information can be found here: EthicsPoint - AkzoNobel.
Factual and timely communication with us is essential to a strong relationship. Our business partners will not disclose our confidential information without permission. They consider business communications carefully and ensure that they meet high standards. They will not issue press releases about us, our products or our business relationship without our approval.