Code of Conduct introduced in 40 of 42 international shareholdings.
Guiding Principles and Code of Conduct rolled out worldwide.
In 2010 we updated our Code of Conduct (CoC), which is mandatory throughout the Group. This is where our Guiding Principles are substantiated and defined. The Code of Conduct helps to illustrate what the Guiding Principles mean for employees and executives in their everyday working lives. We call on our executive staff to set an example of the conduct we expect from our employees. We are expecting all employees of the Deutsche Telekom Group to strictly comply with the Guiding Principles and report any violations of legal or ethical principles.
In 2011 we began rolling out the CoC at 40 out of 42 international subsidiaries and completed the majority of these projects. We also finalized the roll-out at T-Mobile Netherlands in early 2012. The roll-out at OTE in Greece and at its affiliates will follow gradually.
The Guiding Principles and Code of Conduct are central pillars of the One Company strategy.
Rolling out the Guiding Principles and Code of Conduct in our Europe segment is a cornerstone of our One Company strategy. It enables us to link the fixed and mobile network businesses in our European companies and offer our customers products and services from a single source. This structural change has already been completed in Germany, as well as in Croatia, Slovakia and Hungary. Makedonski Telekom (FYRO Macedonia) began to prepare for restructuring in 2011.
The Guiding Principles, the corporate vision we all share, are very much alive. This is made clear not only by the second annual Guiding Principles Day, which took place on September 28, 2011, with a large number of participants. The results of our regular employee surveys confirm it too: our employees and executives are not only familiar with the Guiding Principles but are also making them more a matter of course in their daily working lives.
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