At Philip Morris International (PMI), we believe constructive engagement with a wide variety of stakeholders is vital to our business. We consider it our duty, and our responsibility, to make our views clear to those who have the potential to affect the laws, regulations, and policies that can influence our global business. We pursue these interests with integrity, and in full compliance with the laws and regulations governing government advocacy activities and disclosure.
Our Principles and Procedures:
Our government advocacy activity is governed by national and local laws that place a range of obligations on PMI and our employees throughout the world. We expect all of our employees to conduct our business honestly. Our guiding principles and procedures require our employees to:
- Adhere to local and national lobbying regulations;
- Preserve integrity in all business interactions;
- Reject any gift of value and not to bribe anyone for any reason; and
- Ensure that our interactions with government officials and private individuals earn and maintain the public’s trust and respect and are in accordance with applicable laws and regulations in the jurisdiction in which they are working such as the U.S. Foreign Corruption Practices Act, the UK Bribery Act, or the EU Convention on the Fight Against Corruption.
Our Law and Compliance Department monitors and our Corporate Audit Department audits compliance with our policies and procedures. In addition, our General Counsel and the heads of our Compliance and Corporate Audit Departments regularly report to the Audit Committee of PMI’s Board of Directors on compliance matters. We have also implemented periodic review and approval of our political and trade association expenditures by the Board’s Nominating and Corporate Governance Committee.