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Specific focus areas
Ensuring compliance | Mitigating bribery and corruption
We focus our attention on key risk areas that TI is likely to confront in light of our business activities and the markets in which we operate. This allows us to tailor our compliance program to our unique risk profile. Our primary risk areas include:
- Accounting fraud/books and records
- Antitrust/competition
- Anti-bribery
- Discrimination
- Environmental
- Harassment
- Import/export controls
- Medical
- Political activity/lobbying
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- Privacy and data protection
- Product safety
- Purchasing/kickbacks
- Sales to military/government
- Securities
- Tax
- Trade secrets
- Worker health and safety
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Ensuring compliance
TI monitors the internal and supplier landscape to ensure compliance is met. For example:
- Every two years, we survey more than 600 top managers and employees who support compliance efforts about compliance areas.
- We also conduct internal audits to assure that working processes are in place, as required by the International Organization for Standardization (ISO) environmental standard 14001 and Occupational Health and Safety Advisory Services (OHSAS) standard 18001.
With our suppliers, TI performs targeted risk assessments. Our evaluations examine their documented labor and ethics practices and programs. For suppliers located in countries identified by Transparency International’s Corruption Perceptions Index as high risk, we subject them to further review, including on-site audits as needed.
Mitigating bribery and corruption
TI operates in some countries where there is a higher risk of corruption, including China, India, Malaysia, the Philippines and Russia/Eastern Europe. The semiconductor industry, however, is relatively low risk compared to construction, extractive or other industries in which conducting business requires heavy interaction with government officials.
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Citizenship Report Summary
See also
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