Global companies must comply with various laws and regulations related to anti-corruption, anti-trust, economic sanctions, and export controls that are enforced internationally as they operate on a worldwide scale. These regulations are implemented in each country, signifying the rules that companies need to be mindful of when conducting specific activities.

Compliance is the risk management tool developed and deployed by PHC Valeo to ensure that its operations are lawful and that all subsidiaries and affiliates conduct business with integrity.

PHC Valeo’s compliance programs are indeed designed to comply with these requirements;
They are therefore mandatory at all PHC Valeo-related entities.

As a result, it is essential that PHC Valeo strictly comply with the above mentioned laws and regulations, the breach of which may lead to severe penalties including fines and jail time for the JV partners, its shareholders, directors and managers.

The compliance program consists of 6 categories and 1 linked program as follows:

Code of Business Ethics

A set of norms specifying social responsibility, integrity, and ethics.

Anti-Bribery and Corruption

A program to prevent bribery and corruption resulting from such practices.

Anti-Trust and Fair trade

A Program promoting fair trade and preventing antitrust practices.

Export Control and Economic Sanctions

A Program to comply to global sanctions and export controls.

Data Protection

A program to protect company confidential information and important data.

Business Partner Due Diligence

Pre-verification procedure for partners to comply the program.