Honest business conduct
We expect that all of our partners conduct business fairly and with integrity. They will not make, offer or authorize bribes, or conduct any form of unethical business practice. They do not make facilitation payments. Entering into a business transaction with or for AkzoNobel or accepting certain terms and conditions may not be influenced by gifts or entertainment.
Our partners do not offer AkzoNobel employees gifts or entertainment of more than modest value. They never offer cash or cash equivalents such as gift cards to our employees.
It is essential that our partners comply with export control regulations applicable to their business, and that they provide accurate and truthful information about it to 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 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 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 partners’ employees take in regards 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 partners must disclose this fact to AkzoNobel or ensure that the AkzoNobel employee does. Our partners do not provide financial or other support to political parties to influence transactions with or for AkzoNobel.
Trading in shares
Our 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 resources, including people, systems, networks and facilities, our partners must use these resources appropriately, in accordance with AkzoNobel instructions and for their intended business purpose only.
We expect our 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 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 to us immediately.
Factual and timely communication with us is essential to a strong relationship. Our 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.