Annual Report 2010 - Outokumpu

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Ethics, corporate responsibility and
business conduct
Outokumpu is strongly committed to the highest ethical standards. Company management and all company personnel
are expected to comply with the Group's ethical principles. The Ethics Statement, Corporate Responsibility Policy and
Code of Conduct define our approach, which includes:
People must be treated equally and fairly irrespective of their ethnic origin, nationality, religion, political views,
gender, sexual orientation or age. Outokumpu is completely opposed to the use of forced and child labour.
Outokumpu observes the laws and other regulations of the countries it operates in and complies with the
agreements and commitments it has made. Outokumpu condemns corruption and bribery, and complies strictly with
competition legislation.
Outokumpu's CEO is charged by the Board of Directors with formulating and implementing any measures necessary to
safeguard systematic compliance with the Group's Ethical Principles, Corporate Responsibility Policy and Code of
Conduct. At least once each year, based on a report by the CEO, the Board of Directors carries out an assessment of
corporate responsibility issues within Outokumpu.
Outokumpu's internal audit monitors compliance with our policies, including the Code of Conduct.
Read more about internal audit and Helpline here.
Honouring the rules of competition
Outokumpu expects all its employees to honour and respect the rules associated with competition. Since the mid 1990's
the Legal Affairs function has trained sales and marketing personnel on competition rules and legislation. The aim of this
training is to alert participants to problematic situations to make sure they will seek professional advice and guidance to
avoid possibly illegal arrangements. Training sessions are organised when they are needed.
An e-learning EU competition compliance programme was launched in 2009 and is currently in progress within
Outokumpu Group. The main purpose of the programme is to train the personnel in competition law. Upon completion of
Outokumpu Annual Report 2010 – Corporate Governance – Compliance