Aspen has a zero tolerance approach to unethical behaviour and is committed to ensuring that the Group and its employees uphold Aspen’s laudable reputation.
The Group has appointed Regional Ethics Officers who stakeholders can contact regarding any ethics issues.
Aspen is a member of the Ethics Institute of South Africa.
Codes of conduct
The Group Code of Conduct governs the conduct of all Aspen’s employees throughout the Group and is aligned with the Organisation for Economic Co-operation and Development recommendations regarding corruption. Furthermore, Aspen’s service providers and suppliers are required to adhere to the Group’s Code of Conduct in accordance with relevant clauses included in agreements with these stakeholders.
The areas covered by the Group Code of Conduct include:
- acting in accordance with Aspen’s values;
- equitable treatment for all;
- acting as ambassadors of Aspen;
- business integrity;
- gifts, entertainment and bribery;
- integrity of qualitative and quantitative information;
- protection and use of property;
- business controls;
- confidential information;
- insider trading;
- safety, health, quality and the environment;
- competition law;
- political activities;
- accountability; and
- corporate governance
Tip-Offs Anonymous® Hotline
Aspen endeavours to promote a culture of openness and transparency throughout the Group and employees and other stakeholders are encouraged to report unethical conduct and other transgressions of which they become aware.
An independently monitored whistle-blowing hotline, Deloitte’s Tip-Offs Anonymous®, has been rolled out to employees across the Group’s businesses, whereby employees can report suspected fraud and/or activities which are considered to be transgressions of the Group’s Code of Conduct. Tip-offs training and awareness sessions are conducted periodically to promote utilisation of the facility where necessary. The Tip-offs service has also been extended to key customers and suppliers in the South African business. The introduction of this service to selected suppliers and customers at Aspen’s International businesses is at various stages of progress in accordance with an implementation plan.
All logged calls were reported to relevant managers timeously. Corrective action has been implemented in all instances to improve controls and to prevent recurrence of the incident.
To obtain additional information about the Deloitte’s Tip Offs Anonymous® service, download the pdf below:
or click here to be redirected to the Deloitte Tip Offs website.