The purpose of our Code of Conduct is to summarise the Kvaerner standards of behaviour in all types of activities, everywhere.
The common set of values shared by all operating units in Kvaerner is a compass that guides all of us in our daily work.
Our aim is to ensure that we run our operations in line with our values, all relevant laws and regulations – with high integrity.
Kvaerner Business Integrity Policy
The Business Integrity Policy sets out the mandatory rules and regulations for Kvaerner in respect of Business Integrity, in order to ensure that all business operations in Kvaerner are carried out in an ethical manner and in compliance with applicable laws and regulations.
The Policy consists of three main sections:
- Human Rights
- Corruption and improper payments
This policy will also soon be posted in Norwegian, Russian, Polish and Chinese
Kvaerner Privacy Statement
Kvaerner Data Protection Standard
The Kvaerner Data Protection Standard contains a set of legally binding rules within Kvaerner which provide the principles for Processing of Personal Data within the company group. The Data Protection Standard also includes the Binding Corporate Rules for Kvaerner, and shall apply for all Processing of Personal Data in Kvaerner.
The Kvaerner Corporate Internal Audit Function
In 2012, Kvaerner established the Corporate Internal Audit function.
The Corporate Internal Audit function is headed by the SVP Legal & Compliance and has four fixed members from Corporate Finance, Treasury and Legal (steering committee).
The Kvaerner Corporate Internal Audit function conducts audits with particular focus on compliance with the Kvaerner policies, laws and regulations. The individual audits conducted are joint holistic audits (total risk picture) or focusing on specific topics.
The basis for the corporate annual audit plan is the annual risk review, normally presented to the Board of Directors’ during third quarter. The yearly audit plan is first presented to the Corporate Management Team and Executive Management Team for input, and thereafter to the Board’s Audit Committee for their recommendations to the Board of Directors.
The Audit Execution teams will vary and consists of internal resources from the different Kvaerner units as well as externals depending on the competence required for the audit in question. The Corporate Internal Audit function appoints the execution leads and members.