Governance

Business Ethics

Our Ambition

We aim to implement a code of ethics and compliance across the organisation so our employees are empowered to make business decisions and feel confident to raise concerns when needed.

 

Communication, Ethics and Compliance Awareness

We believe that establishing a culture of ethics and compliance across our company requires more than one-off training sessions – instead, we’re implementing a systematic, educational journey of continuous learning and reinforcement. Since 2020, we’ve been taking steps to improve awareness of ethics and compliance across the company, such as displaying posters, promoting our SpeakUp hotline and posting messages on our intranet homepage.

 

 

We also communicate our ethics and compliance programme at each employee meeting, and run workshops and meetings led by external speakers and experts.

 

Education and Development

Each year, our salaried employees undertake a mandatory certification of our Code of Business Conduct, with access to additional training to help them minimise risk across their role.

 

 

The Future of Ethics and Compliance at TI Fluid Systems

In 2022, we carried out a risk and sentiment survey and developed an externally facilitated Adequate Procedures Review process. This year, we plan to audit and benchmark our progress to better understand how we are performing, and take best practices from other organisations to enhance our own programme.