Ethics in the Workplace
We conduct ourselves in accordance with the highest standards through a Code of Ethics, corporate policies, management systems and an internal audit program.
Code of Ethics
Vancouver Airport Authority’s employees and Board of Directors are obliged to follow our Code of Ethics. Our Board of Directors are also bound by a separate Director Ethics and Code of Conduct. Our overarching Code of Ethics plays an important role in ensuring we meet Social Policy objectives. We regularly encourage employees to read and report instances of non-compliance. In addition, employees in certain groups are required to sign an annual Conflict of Interest declaration, confirming their compliance with the Code of Ethics and any potential conflicts of interest that may arise in connection with their role at the Airport Authority.
While the Code of Ethics acts as an umbrella policy for key issues like ethics, business judgment and general conduct, our corporate policies are intended to provide specific guidance on issues linked to corruption, perceived wrongdoing or workplace incidents, and to further articulate our values in the areas of social, economic and environmental practices.
We take anti-corruption laws very seriously, with the understanding that violating them may result in severe consequences for both employees and the Airport Authority. We recognize that anyone conducting business or otherwise acting for or on behalf of the Airport Authority is subject to these laws. We manage anti-corruption practices through our foundational element “Governance and Accountability” under the Strategic Plan, and through our Anti-Corruption Policy, Code of Ethics, Whistleblower Policy, Community Investment Policy and Guidelines and Social Management System. Our internal expense reimbursement system is set up to confirm that the guidelines in our Anti-Corruption Policy are followed.
We expect all employees to act in accordance with applicable domestic laws, including the Corruption of Foreign Public Officials Act and the Criminal Code of Canada, and all applicable foreign laws. We have a zero-tolerance approach to corruption, and our goal is 100 per cent compliance. To achieve this target, we provide anti-corruption resources and education for our employees.
Our internal Whistleblower Policy provides a framework to report any perceived wrongdoings. Overseen by the Vice President Legal and Chief Governance Officer and the Director Internal Audit, the policy offers several options: reporting to superiors, reporting anonymously through the Safety Management System or calling the Confidence Line, a 24-hour ethics hotline managed by an independent third party. We share this policy with employees and contractors working at Airport Authority offices.
Vancouver Airport Authority is committed to being a socially responsible organization, increasing awareness about Corporate Social Responsibility (CSR) among employees, stakeholders, customers and communities. For more information on our Social Policy, visit yvr.ca/socialpolicy.
Global Risk Management
The Global Risk Management Program helps protect the critical elements of the Airport Authority’s global activities—our people, our assets, our operations and our business reputation—from prevailing political, security, integrity and other key risks. The program consists of several separate elements, including a due diligence framework from which we assess potential international business activities and partners, weighing such opportunities against a comprehensive country-by-country risk assessment. Our Anti-Corruption Policy and Business Travel Policy helps inform this program, governing business activities at home and abroad. We also provide third party resources and support to our employees with a view to ensuring their safety when they are travelling on business.
The Internal Audit Department provides independent and objective assurance as to whether risks, internal controls and governance processes are appropriately managed to acceptable levels to enable the Airport Authority to achieve its strategic objectives. The department develops an annual risk-based audit plan that includes assurance on the effectiveness of the Airport Authority’s risk management network. It also provides a core compliance function, by conducting independent investigations of suspected fraudulent activities, internal control audits, compliance audits of core policies, such as the Expense Reimbursement Policy, and assesses the Airport Authority’s compliance with applicable regulations and contractual obligations.