Safety - Provide a safe workplace for our
people, ensure the safety of the products and services we provide
and take care of the world environment we live in.
Performance - Consistently deliver and seek to
exceed expectations while improving what we do and how we do
Innovation - Create an environment to encourage
new ideas, regardless of where they come from and have the courage
to try, fail, learn and then succeed.
Relationships - Develop trusted interpersonal
and customer relationship by listening, appreciating diversity,
striving to understand, being inclusive and delivering on our
Integrity - Act ethically in all that we do,
not only in compliance with the laws and regulations that govern
us, but also in the spirit of ethical behaviour and doing what is
Trust - Be open, transparent, we say what we'll
do and do what we say.
Our behaviours set out in the Code, of teamwork, proactivity,
inclusivity, customer focus, development, leadership,
accountability and acting ethically at all times, underpin our
Cobham's ethical agenda
David Lockwood, CEO, states that ethics and compliance
remains an important part of how we do business and drives the
following requirements which form the ethical agenda within the
- Tone from the Top - recognising the importance
of setting the tone from the top. David Lockwood writes his
introductory message in the Code of Business Conduct, emphasising
the importance of demonstrating ethical behaviour.
- The Business Ethics & Compliance Committee
oversees the Programme and regularly reviews any issues, the
investigations raised through the Helpline to ensure they are
carried out consistently, efficiently and independently. The
CEO and CFO are invited to attend on a quarterly basis to review
the Programme and progress on ethical concerns raised.
- The Cobham Board receives an update progress
report on an annual basis, including details of the annual plan and
any suggested improvements made. Members of the Board are
able to amend, challenge or provide feedback.
- The Audit Committee receives bi-annual report
on the ethical issues that have been investigated and the outcomes
and actions taken as a result.
- The Group Executive receives and discusses
monthly reports on ethics and compliance.
Cobham's message to employees is that senior leaders are fully
committed to embedding ethics and compliance into the fabric of
business operations and they believe it is an important way to do
business. Encouragement is given to our management to live
the values, walk the walk and not just talk the talk.