Ethics
AXA introduced its first code of ethics in 1994.
The members of the Supervisory Board must comply with a general obligation of confidentiality with respect to the information they receive in their governance capacity. With respect to their personal investments, they undertake to comply with the company code of ethics.
The Company may also ask each member of the Supervisory Board to furnish all information, particularly relative to transactions in shares of publicly traded Group companies, which it may require to comply with its stock market and insurance disclosure requirements in certain countries.
Each member of the Supervisory Board is also required to inform the Company of any situation concerning him or her that could create a conflict of interest with the Company or companies of the AXA Group.
Group employees whose professional responsibilities are such that they may have access to information that could have an effect on the stock price are considered to be sensitive. As such, formal restrictions apply to their own trading in listed shares of stock.
Rules are set forth in the 2006 Compliance Guide.
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In addition, the AXA Group seeks to uphold the values set forth in the AXA Vision.
Most of AXA's principal operating subsidiaries have developed ethical guidelines that comply with local regulatory and statutory requirements.
Wherever it operates, AXA strives to comply with regulations and legislation designed to fight money laundering and corruption.
The AXA Group has set up a framework for ensuring the overall consistency of local anti-laundering and corruption mechanisms:
- To help fight against money laundering, a TRACFIN contact has been designated in each company to liaise with TRACFIN and comply with all disclosure requirements
- To help fight against organized terrorist financing schemes, AXA reviews all lists provided by local authorities.