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FSiProaktiv trening innen

etikk og anti-korrupsjon10 mars 2017

Sissel Solum, SVP Compliance

Bertil Pålsrud, SVP Human Resources & Business Integration

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About Nammo

tt

OWNERSHIP50/50

tNAMMO IS MADE UP OF 2,200 EMPLOYEES

WORKING IN 22PRODUCTION UNITS

ACROSS 12 COUNTRIES

COMMERCIAL PRODUCTS20% OF TOTAL SALES

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37%

8%

22%

33%

Global distribution of sales

3

Where?

• NATO countries

• EU countries

• Asia

• Australia/New Zealand

Who?

• National and International Armed Forces, Homeland Security (Army, Air Force, Navy Special Forces)

• Other Defense Industry

• Distributors of commercial ammunition for sport and hunting, sea safety systems

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2015 Sales: 3.8 Billion NOK (420 MEUR/470 MUSD)

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Nammo locations 1998

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Nammo locations 2017

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Our Ambition

• To prevent any illegal behavior from our employees or any persons acting on behalf of Nammo

• To increase awareness and importance of ethical behavior

• Clear reporting lines to follow up and support a potential investigation

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Dilemma trening

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CIP – Company Integrity Profile

• 360 graders intern evaluering

• Organisasjonens modenhet

• Trening versus Resultater

• Svakheter

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Evalueringspunkter

What's the culture and commitment from the top? How is this communicated and understood?

1

Do we know what the fraud and corruption risks are?

2

Do we do something about the risks once we have identified them?

3

Are internal controls effective in preventing and detecting fraud and corruption?

4

Are people aware of fraud and corruption risks? Have employees taken awareness programs?

5

Are identified risks systematically followed up when internal changes occurs ?

6

How effective and independent is the internal audit process with respect to F&C?

7

How effective is the monitoring of the executive board and senior management?

8

Has the organization established an effective F&C monitoring and detection process?

9

How well is the organization managing incidents of suspected fraud and corruption?

10

Is the organization willing to learn from cases of fraud and corruption?

11

Is the review and reporting of F&C related risks managed systematically and is information disclosed to stakeholders?

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Resultat og modenhetsnivå

• Overordnet resultat for Nammo var på 46.7%

• Gjennomsnittlig resultat for en første evaluering ligger på ca 35%

• Våre forbedringsområder er spesielt innen:

– risikoanalyse,

– tiltak og forebygging

– trening

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Initial

Elementary

Formal structures in place

Mature

World class

No real systems are in place and there is potential lack of control

Elementary parts in place and awareness is being built

The basics of a formalized management system is in place

Good practice typical for a mature management system in place

State of the art. Systems and performance with clear signs of continual improvements

0-20%

20-40%

40-60%

60-80%

80-100 %

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Forbedringsaksjoner etter CIP

• Utarbeide anti-korrupsjonsmanual

• Forbedre rapporteringsstruktur og prosedyre

• Etablering av et “response team”

• Styrke fokus på evaluering av korrupsjonsrisiko

– kvartalsmøter

– oppkjøpsprosesser

• Overføring av erfaring internt i organisasjonen

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??

Red Flag Training

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Why do people break the rules?

Need, Motivation, Pressure

Rationalization Opportunity

Supplied courtesy of The Fraud Academy (by Hibis). Copyright © 2015-2016. All rights reserved

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The ”slippery slope”

Supplied courtesy of The Fraud Academy (by Hibis). Copyright © 2015-2016. All rights reserved

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Tone from the top!

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Driven By Core ValuesFrom the technology we use, to the engineers we employ, to the solutions we develop, we’re guided by three core values:

DEDICATION

We are enthusiastic and creative, always searching for the best solutions

PRECISION

We are reliable and accurate both in technology, processes and business

CARE

We are inclusive and open-minded, always encouraging team spirit and co-operation