Ethics, the bedrock of our corporate culture Michelin expects employees to act consistently with integrity and in compliance with the ethical principles that form the bedrock of its corporate culture. Defending and promoting prevailing ethical values and principles The Group’s values and ethical principles are described in the Michelin Code of Ethics, which is applicable to every employee and all the Group’s partners. The Code governs the Group’s business practices and presents its commitments in such areas as business ethics, human rights, the environment and personal data. A dedicated organization and governance structure is tasked with defining the Group’s ethics and compliance strategy, leading its deployment and promoting its ethical values and principles to employees and outside stakeholders. In addition, a whistleblowing system, designed to ensure the confidentiality of reports and the protection of the reporting individuals, enables any employee or outsider to report behavior that is not aligned with the Group’s values or Code of Ethics. MEETING THE HIGHEST STANDARDS OF GOVERNANCE Ethics and compliance Since its founding, Michelin’s employees have embraced the values of respect and integrity that are the building blocks of its DNA. Embodied in guiding principles, these values serve as a true foundation for employees as they conduct the Company’s business ethically and in compliance with applicable regulations. 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN _49 Ethics and compliance
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