Business Principles

The Philips General Business Principles (GBP) govern the Company’s business decisions and actions throughout the world, and apply equally to corporate actions and to the behavior of individual employees. They consolidate the fundamental principles on which all Philips activities are, or should be, based: business integrity, fair trade, non-discrimination and equal opportunity.

Policies

This section contains the General Business Principles, the GBP directives and additional directives which apply to employees working in specific areas of our business, such as the Financial Code of Ethics and the Supply Management Code of Ethics.

Compliance and Reporting

This section specifies the tasks, responsibilities, ways of working and reporting tools that should be executed, adhered to and made use of in order to ensure GBP compliance.

Implementation

This section describes the initiatives taken to drive the practical deployment of the General Business Principles.