Our key focus areas:
Legal compliance
We understand that honest, ethical and transparent conduct is vital to our success and reputation. Every employee plays an essential part in complying with local and national laws, rules and regulations. We are committed to implementing robust operating systems and processes that protect the security of the company, its employees, information and intellectual property.
Third-party management
We verify that our supply chain complies with legal, ethical and social requirements, while also finding opportunities for environmental improvement and economic efficiency.
Our Governance Structure
We have a clear governance structure in place to ensure effective legal oversight, monitoring and reporting across the company. Our dedicated compliance team, which reports to the company’s General Counsel and Chief Compliance Officer, is responsible for managing and implementing Innospec’s global compliance program. The team is comprised of attorneys and compliance professionals with experience and expertise in a wide range of key compliance areas, including anti-corruption, export controls and trade sanctions, data privacy, competition law, and fraud. External advisors provide additional support on specific issues when required.
A permanent Board committee, the Nominating, Corporate Governance and Sustainability Committee (NCGSC), oversees the work of the Legal Compliance team and the global compliance program. The NCGSC receives quarterly and ad hoc compliance reports from the Legal Compliance team and meets at least quarterly to assess and respond to evolving compliance risks and evaluate the performance of the compliance program.
The Legal Compliance team also provides quarterly updates to the Compliance Steering Group (CSG), which comprises senior business and functional leaders. The CSG meets quarterly to discuss key compliance issues and ensures compliance updates are fed back into the business
Policies and Procedures
All our compliance policies and procedures are formally reviewed every two years and updated where applicable. Interim reviews also take place as and when the need arises. This ensures our compliance program is efficient and continues to support our corporate governance needs.
Governance in Practice
We have robust systems and procedures in place to ensure our employees, third-party representatives, suppliers and other stakeholders act legally, responsibly and ethically.
Learn MoreManaging Procurement Responsibly
Ensuring our supply chain complies with legal, ethical, environmental and social requirements is key to the sustainability of our business.
Learn MoreInformation Security
The digital transformation of our world is helping us work more efficiently across all areas of our business. Maintaining high standards of security to avoid loss or corruption of data is critical.
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Sourcing
We recognize the role we must play in driving market transformation in the use of sustainable palm oil and other natural commodities.
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