Responsibility in the Marketplace is about doing what is right and maintaining the highest standards of business practice in developing, purchasing, selling and marketing our products and services. We recognise that our success in the marketplace depends on continually earning our stakeholders’ trust by building meaningful relationships and meeting their expectations.
Introduction
TM’s corporate governance framework is strengthened by other policies and guidelines that reinforce an ethical culture of openness, transparency and integrity. Its comprehensive Code of Business Ethics (CBE), launched in 2004, applies equally to Board members, Management and employees, and stresses ‘uncompromising integrity’ in TM’s dealings with all its stakeholders – from employees to customers, suppliers, business partners, shareholders, regulatory bodies, stakeholder communities and even competitors. In line with the CBE, all Executive Directors, members of Management and employees are required to declare their assets and interests in the Group annually. This serves to prevent any potential conflict of interest. The Code also has clear guidelines to curb insider trading.