The Philips General Business Principles (GBP) govern Philips’ business decisions and actions throughout the world, and apply equally to corporate actions and to the behavior of individual employees. They incorporate Philips’ fundamental principles for doing business. The intention of the GBP is to ensure compliance with laws and regulations, as well as with Philips’ norms, values and standards.
The GBP are an integral part of Philips’ labor contracts – and are available in most of the local languages – in virtually all countries where Philips does business.
To drive the practical deployment of the GBP, a set of general directives – the GBP Directives – has been published, as well as separate directives that apply to employees working in specific areas of our business, such as the Supply Management Code of Ethics and the Financial Code of Ethics. The GBP Directives are adapted as needed to reflect ongoing developments in codes of conduct and business integrity legislation (e.g., Philips’ endorsement of the UN Global Compact and the ILO Core Conventions, the company’s policies on HIV/AIDS, Health and Safety, integrity and ethics in advertising, and directives related to the giving and receiving of gifts). To ensure compliance with the highest standards of transparency and accountability by all employees performing important financial functions, the Financial Code of Ethics contains, amongst other things, standards to promote honest and ethical conduct, and full, accurate and timely disclosure procedures to avoid conflicts of interest.
Downloadable files
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