We consider that we have a responsibility to endeavour to enhance and not undermine the business environments in which we operate, for both our own benefit and that of our stakeholders.
Fairfield’s Code of Business Ethics supports our commitment to corporate responsibility and as such the associated activities are governed by this Code. We attach the highest importance to this Code that has been unanimously approved by the Board of Directors.
As a UK company, we are bound by the UK’s Bribery Act 2010 and Criminal Finances Act 2017 in respect of our business conduct both in the UK and in other countries abroad. We operate a strict “zero tolerance” policy towards bribery, corruption and tax evasion in business. Not only are bribery, corruption and tax evasion criminal offences in the majority of countries in which we operate, but such practices are unethical and entirely contrary to our core values.
In compliance with the UK Bribery Act and Criminal Finances Act, the Code covers the likes of:
- Conflict of Interest
- Prevention of Bribery and Corruption
- Prevention of Facilitation of Tax Evasion
- Dealing with Third Parties
- Political and Charitable Contributions
- Commercial and Political Inducement Payments
- Gifts and hospitality
The Code is widely publicised throughout the business and is frequently reviewed to address any opportunities for improved performance. These review processes provide assurance regarding internal compliance with the Code. The Audit and Risk Committee assists the Board in monitoring ethical business conduct, as well as the effectiveness of the Code and its supporting processes.