V. Ethics

Transparency recommends

• Introduce public Codes of Ethics that would include mechanisms of whistleblowers' protection.
• Draw up an anti-corruption policy, either as part of the Code of Ethics of or in a separate document, in which the company identifies the risks of corruption and favoritism that its employees may encounter, and in which it describes mechanisms of preventing these.
• Record and publish the numbers of dismissed and disciplined employees, as well as cases of incompliance with the Code of Ethics and company culture.
• Annual reports should include the register of the conflicts of interests of the company managers, board of directors and supervisory board members (their membership in the boards of other companies, membership in political parties, or holding other political positions).
• Source: World Bank, OECD, TIS