Marsh conducts business consistent with the highest ethical and professional standards and will not tolerate behaviour that deviates from those standards. We will act with integrity, honesty, courage and mutual respect.
In particular, we foster a culture within the organisation in which bribery is never acceptable.
Statement by the Board of Marsh Ltd on the UK Bribery Act
The UK Bribery Act came into force on 1 July 2011. We would like to highlight our Company's strong commitment to operating with a culture of the highest ethical standards and to restate our opposition to acts of bribery and corruption, whether committed by us or anyone associated with us.
The Greater Good, Marsh & McLennan Companies' Code of Conduct, is a significant part of Marsh's culture and makes clear that we expect our colleagues to behave with integrity at all times. The Code says:
"We will conduct business consistent with the highest ethical and professional standards and we will not tolerate behaviour that deviates from those standards. We will act with integrity, honesty, courage, and mutual respect."
The subject of bribery and corruption remains high profile globally, while at home our regulator, the Financial Conduct Authority (FCA), continues to act against those firms which lack the appropriate controls.
Whether we are working with a client, colleague, or supplier, any actual or perceived acts of bribery would be seriously detrimental to our business and counter to our expected behaviour as set out inThe Greater Good.
Our obligations extend more widely than simply refusing to offer or accept a bribe. We must all be transparent and reasonable when giving or receiving gifts and entertainment, and convey our expectations to any third party with whom we do business that they are to uphold the same standards of anti-bribery and corruption when working on our behalf.
By being mindful of the clear ethical standards in The Greater Good and the anti-bribery and corruption guidance and training issued to all Marsh colleagues, we should all be clear about the Company's expectations and reduce the risks of bribery and corruption.
All our colleagues and clients are invited to read our Code of Conduct, The Greater Good.
Tom Colraine, Chairman & Chris Lay, Chief Executive Officer