For 168 years, we have demonstrated responsible business practices and a commitment to doing business in an ethical, honest and transparent manner. We stay true to our values by acting with integrity and following a consistently high set of standards across the globe. And we pride ourselves on being a force for good. The LS&Co. ethics and compliance program has a global reach with a regional focus. The program is anchored by the generally recognized elements of a successful compliance program, which include compliance-related policies, oversight, education, monitoring, reporting, investigation and enforcement.
The global ethics and compliance program is managed by a dedicated corporate compliance staff along with region-specific subject matter experts. Further oversight is provided by our Board of Directors’ Audit Committee, our Executive Vice President and General Counsel, and our Chief Ethics and Compliance Officer, each of whom regularly receives reports on the performance of our ethics and compliance program.
LS&Co. Worldwide Code of Business Conduct. The code outlines the basic principles we expect all employees and LS&Co. affiliates to follow. It reflects our commitment to manage our business with the utmost integrity and in compliance with all applicable laws everywhere we do business. It provides guidance on a host of potential business situations and emphasizes the importance of making values-based business decisions.
Global Anti-Bribery and Anti-Corruption Compliance. LS&Co. is committed to doing business in an ethical, honest, and transparent manner. As a result, LS&Co. expressly prohibits bribery and corruption in all forms and expects the same from all third parties.
Both our Worldwide Code of Business Conduct and our Global Anti-Bribery and Anti-Corruption Policy are publicly available in 20 languages. The code is provided to all LS&Co. employees at the time of hire. In addition, for certain employees based on their role, annual code and anti-bribery / anti-corruption training is required annually.
Reporting A Concern. Employees and any external party may raise a concern via LS&Co.’s Ethics & Compliance Reportline 24 hours a day, seven days a week. Reports may be submitted online or via phone, and concerns may be raised anonymously (where permitted by law). All reported matters are acknowledged and treated seriously. Each concern or allegation is managed using our established investigation process, employing consistent disciplinary action where appropriate.