Culture of Proctor and Gamble

Only available on StudyMode
  • Download(s) : 19
  • Published : February 19, 2013
Open Document
Text Preview
Our Values and Policies

2

P&G Our Values and Policies

P&G Our Values and Policies

1

Table of Contents
Introduction Letter from the CEO Hierarchy of Company Ethics Principles Our Purpose Our Values Our Principles Our Policies A. Respect of Government and the Law 1. Compliance With Legal Requirements 2. Accuracy of Company Books and Records • Books and Records • Disclosure Controls • Internal Controls 3. Securities Trading 4. Antitrust Policy and Compliance Guidelines 5. Lobbying 6. Political Contributions and Related Policies 7. Transacting International Business B. Respect in the Workplace 1. Behavior in the Workplace 2. Child Labor and Worker Exploitation 3. Wage and Hour Practices 4. Safety, Health and Environmental • Employee Safety • Environmental Quality 5. HIV/AIDS 6. Conflict of Interest • Business, Financial and Personal Relationships • Gifts, Entertainment and Gratuities • Improper Use of Company Assets 7. Employee Privacy 2 3 4 5 6 7 8 8 8 8 8 8 9 9 10 10 10 10 11 11 12 12 12 13 13 14 14 14 14 14 14 C. Respect in the Marketplace 1. Product Safety 2. Bribery and Improper Business Dealings • Commercial Bribery • Improper Payments to Government Officials • Money Laundering and Product Diversion Avoidance 3. Fair Dealing and Fair Competition • Treating Suppliers Appropriately • Treating Customers Appropriately • The Government as a Customer • Treating Competitors Appropriately • Fair Competition • Advertising and Promoting to Consumers Appropriately 4. Consumer Privacy and Confidentiality • Confidentiality • Consumer Privacy 5. Communicating with the Media 6. Research Involving Animals D. Respect in Society and Our Communities 1. Community Relations 2. Support of Universal Human Rights E. Sustainable Development and P&G Our Vision Our Promise 15 15 15 15 15 15 16 16 16 16 16 17 17 18 18 18 18 19 21 21 22 23 24 24

Introduction

This booklet provides P&G’s Purpose, Values and Principles and summarizes the important company policies. These key elements are of the utmost importance for the proper conduct and respect for all individuals in the quest for common prosperity. This booklet is a companion to our Worldwide Business Conduct Manual. This manual, which applies to every employee in every part of our global company, provides clear and relevant expectations of conduct and examples/tools for dealing with potentially delicate situations. Our Purpose is focused on improving the lives of our consumers. P&G has been built through the character of its people. That character is reflected in the Company’s Values, which have been fundamental to our success for more than 160 years. Our continued success depends on each one of us doing our part to uphold these values in our day-to-day work and in all the decisions we make, as reflected in our Principles. These Principles flow from our Purpose and Values. P&G’s policies for business conduct flow from our Purpose, Values and Principles. Our policies are aspirational statements of the application of our Principles, Values and Purpose to broad, major issues and societal expectations. While P&G competes hard to achieve leadership and business success, the Company is concerned not only with results, but with how those results are achieved. We will never condone nor tolerate efforts or activities to achieve results through illegal or unethical dealings anywhere in the world.

P&G Our Values and Policies

3

President & CEO Letter
Procter & Gamble’s reputation is earned by our conduct: what we say and, more important, what we do; the products we make; the services we provide; and the way we act and treat others. As conscientious citizens and employees, we want to do what is right. For P&G, this is the only way to do business. To conduct our business with integrity in a lawful and responsible manner, we have to be alert to situations that pose ethical questions. We need to have a good understanding of our Values and the laws that are pertinent to the work...
tracking img