INTRODUCTION TO CODE OF CONDUCT The purpose of the Code of Conduct is to set out the standards of good business ethics, which all employees in the Grundfos Group must adhere to. The Code of Conduct intends to give answers to most questions or dilemmas you face as an employee in Grundfos. However, if you are in doubt as to how to interpret the Code of Conduct or how to apply it to a situation please contact your line manager, the Legal Department or the Ethics Committee. The revised Code of Conduct has been divided into three easy to use columns; the left hand column clearly sets out what Grundfos will do, the middle column clearly states what is expected of you as an employee and the right hand column offers an explanation and a guide to additional information. Grundfos has established a system for anonymous reporting of suspected noncompliance with the Code of Conduct. Information about this “whistleblowing” function can be found on Grundfos Insite. The latest version of the Code of Conduct (including all amendments) will always be available on Grundfos Insite and www.grundfos.com. Finally, there will be training of all employees in the Grundfos Group on the Code of Conduct.
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