Key Social and Governance-Related Policies and Practices
At FLIR, ethical behavior and sound corporate governance policies and practices are essential elements of corporate responsibility.
The Board of Directors of FLIR believes fairness, accountability, responsibility, and transparency are core principles of corporate governance. It sets high standards for the company's employees, officers, and directors through several policies and guidelines that comply with applicable legal requirements. For more information related to our governance framework and policies, view our 2020 Proxy Statement and the resources below.
- Code of Ethical Business Conduct
- UK Tax Strategy
- Code of Ethics for Senior Financial Officers
- Corporate Governance Principles
Ethical conduct is a FLIR core value—we call it BE BRAVE—modeled by actively monitoring compliance with our Code of Ethical Business Conduct, Code of Ethics for Senior Financial Officers, as well as applicable laws, rules, and regulations. The Chief Compliance Officer and an anonymous Internet-based hotline monitored by EthicsPoint® support employees with a secure structure for reporting policy, compliance, or other concerns. FLIR’s Audit Committee also has procedures for the anonymous submission of employee complaints on accounting, internal controls, or auditing matters.
FLIR’s Board has established standing audit, compensation, and corporate governance committees in compliance with NASDAQ listing requirements. For more information about the committees’ duties, as well as the members of the Board and senior management, please refer to our Corporate Governance document.
Suppliers, Vendors, and Other Partners
FLIR is committed to engaging in business with third party partners—whether suppliers, vendors, distributors, or others—that adhere to high ethical standards.
FLIR has adopted and monitors several key policies that secure compliance with applicable anti-corruption laws, including the Foreign Corrupt Practices Act and the UK Bribery Act. These policies include:
FLIR’s third party partners are obligated to adhere to the Global Anti-Corruption Compliance Policy. In addition, FLIR conducts a rigorous vetting process through an outside vendor before entering into engagements with third party distributors, sales representatives or other commissioned agents internationally.
FLIR’s Chief Compliance Officer is primarily responsible for oversight of these policies. FLIR requires mandated policy review and trainings during new employees’ onboarding process, in an annual legal compliance and ethics training for all employees, and in targeted training sessions for individuals in sensitive roles.
Suppliers and Vendors
FLIR has adopted a Supplier Code of Conduct, under which our suppliers and their subcontractors are obligated to comply with all applicable laws and regulations. These standards embody those embraced by the Fair Labor Association Workplace Code of Conduct and the Electronic Industry Citizenship Coalition Code of Conduct, among others. Suppliers are expected to maintain just and decent working conditions, share FLIR’s respect for the environment, and implement sound security measures. Under the code of conduct, suppliers shall permit FLIR and its agents (including third parties) to engage in supply chain audit activities to confirm compliance with these standards.
The code of conduct and other relevant policies are available below, and additional information is available on our separate Supplier Resources webpage.