CNH CODE OF CONDUCT: GENERAL PRINCIPLES
CNH Global N.V. (“CNH Global”) and its subsidiaries (collectively, the “CNH Group”) is an international industrial group which, because of its size, activities and geographical scope, plays a significant role in the economic, social and environmental aspects of the communities and countries in which it operates.
The CNH Group’s mission is to grow and create value by supplying innovative products and services for maximum customer satisfaction with due respect to the legitimate interests of all stakeholders (including directors, officers and employees, as well as shareholders, customers, suppliers and the communities in which we operate). We conduct our business in a socially responsible, impartial and ethical manner, adopting fair employment practices, protecting safety in the workplace, supporting and fostering environmental consciousness and in full compliance with the applicable laws of the countries in which a CNH Group company operates. However, where laws and regulations in a particular jurisdiction are more lenient than those contained in this Code of Conduct (the “Code”), the Code shall prevail.
All CNH Group business relationships will be established and maintained with integrity and loyalty and without any conflict of interest between business and personal affairs. To achieve this, the CNH Group requires that all of its directors, officers and other employees comply with the highest standards of business conduct in the performance of their duties as set out in the Code.
The CNH Group endorses the UN Declaration on Human Rights, the relevant ILO Conventions and the OECD Guidelines for Multinational Companies. Accordingly, the Code and CNH Group practices and policies are intended to be consistent with such declarations and conventions.
The Code is intended to be a guide and a support for every CNH Group director, officer and other employee and should enable him/her to pursue the CNH Group’s mission in the most effective manner possible. The Code constitutes a fundamental element of the corporate governance of the CNH Group.
In connection with the Code, the CNH Group is responsible for:
- the timely dissemination of the Code throughout the CNH Group and to all persons subject to the Code;
- ensuring that all updates and amendments to the Code are provided on a timely basis to all persons subject to the Code;
- providing appropriate training, information and consulting support to all persons subject to the Code in relation to any questions regarding the interpretation of the Code;
- ensuring that anyone who reports violations of the Code, in good faith, shall not be subject to any form of retaliation;
- the prompt and thorough investigation of alleged violations of the Code and, in appropriate circumstances, the imposition of sanctions which are fair and proportionate to the violation of the Code and to apply such sanctions consistently amongst all directors, officers and other employees (and, if applicable, third parties) subject to the Code;
- regularly monitoring compliance with the Code.
The CNH Group welcomes constructive comments and suggestions from directors, officers, other employees and third parties with respect to the Code’s content, enforcement, and other related matters.
The CNH Group shall use its best efforts to ensure that these commitments are shared by all consultants, suppliers and any other party who has at any time a business relationship with the CNH Group. The CNH Group will not engage in or continue any relationship with third parties who refuse to abide by the principles of the Code and applicable law.
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Appendix A - Interpretation and reporting of violations
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Appendix B - Code of Conduct requirements for Corporate Officers
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