More than 99% of our required employees completed our Code of Conduct and Business Ethics Training in 2023.
Governance
We developed our Code of Conduct and Business Ethics (the “Code”) to support the culture of accountability that we’ve relied on for over a century. This policy is fundamental to our success.
Key company functions and roles are directly accountable for these efforts, including:
The CEO, chief financial officer (CFO) and senior financial officers also have a Code of Ethics for Senior Financial Officers, which they must acknowledge and certify each year.
In addition, our Guiding Principles serve as a foundation to our employees and helps us conduct our daily business ethically, honestly and with integrity.
The Code of Conduct and Business Ethics provides guidelines and expectations for the following:
We empower CMC employees to make the right decisions. To this end, we ask that our employees complete training for the Code of Conduct and Business Ethics annually, a collaboration between the legal and human resources departments. In 2023, more than 99% of our required employees completed training.
The Code is the key to our success in observing the highest ethical standards when conducting business with customers, suppliers, communities and investors—and interacting with each other. We also make sure that the Code reflects employees’ various locations and jurisdictions where we operate.
Protecting human rights
We support and defend our employees’ and suppliers’ fundamental human rights with strict policies that safeguard workers and prevent violations. Our Workplace and Human Rights Policy applies to all CMC facilities globally and focuses on the areas of human rights that we have identified as priorities for our company and industry. Our suppliers also have access to our confidential whistleblower system through our Supplier Code of Conduct.
Prohibiting corruption
In compliance with the U.S. Foreign Corrupt Practices Act (FCPA), the U.K. Bribery Act and other applicable anti-corruption laws, we strictly prohibit CMC employees, directors and officers and third parties acting on CMC’s behalf from bribing or making facilitating payments to public officials or private non-governmental parties.
More than 99% of our required employees completed our Code of Conduct and Business Ethics Training in 2023.
Our guiding principles serve as a compass for our decisions and behaviors. This set of values goes beyond the boundaries of culture and geography to direct how we act and engage with one another and our stakeholders every day.
Living these values means meeting the highest standards of ethical and professional behavior in all aspects of business across the globe. At their core, our guiding principles are based on two simple concepts: integrity and caring for the welfare of others.
CMC provides innovative products and solutions that strengthen and reinforce a wide range of industries. We are committed to delivering industry-leading customer service, providing an environment where our employees can succeed, improving our communities and creating value for our investors. By doing this, we find better ways to make the world we all live in stronger, safer, and more sustainable.
Place the customer at the core of all we do. We believe that if we focus on meeting the needs of our customers, we will succeed. We work hard at understanding our customers’ needs and providing creative solutions that add value to their businesses.
Stay committed to our employees. We care for our employees by providing an environment where safety is our top concern, employees have the opportunity for both personal and professional growth, everyone is treated fairly and opinions are respected. We foster an inclusive culture that challenges conventional thinking, promotes teamwork, requires accountability and rewards success.
Give back to our communities. We take seriously the responsibility that comes with being a good corporate citizen and are dedicated to making a positive impact in our local communities where we live and work.
Create value for our investors. We strive to provide industry leading returns for our shareholders by having a passion for cost efficiency, using our resources effectively and achieving our goal of consistent, profitable growth.
Acting with integrity by honoring our commitments, being accountable for our actions and acting with respect for others.
Dedicating ourselves to making the safety and wellbeing of our employees a top priority.
Promoting collaboration by working together as a team to provide exceptional results.
Encouraging excellence by challenging ourselves to improve everything we do.