Albemarle participates in associations, exhibitions and conferences to contribute to industry discussion with business partners, peers and other stakeholders on matters of mutual interest. To protect our reputation, and manage legal risk, we take steps to ensure that such industry collaboration is in accordance with our Core Values and supports our corporate strategy.
- We only participate in industry associations that have been authorized and that maintain public positions that are consistent with Albemarle’s own policy.
- We seek to ensure that industry associations have adopted appropriate ethics & compliance policies, procedures and controls.
- We do not use associations, exhibitions or conferences to enter into any improper agreements with competitors or improperly restrict competition or share competitively sensitive information.
- We avoid casual contact or communication with competitors at industry events that could give the impression of collusion or the inappropriate exchange of information between Albemarle and competitors.
- We closely monitor any engagement that industry associations have with government officials and other stakeholders on our behalf.
- We manage potential conflicts of interest arising from our participation in any industry association, exhibition or conference.
Our Code Principles in Action
- Ensure planned participation in industry associations, exhibitions and conferences are included in the appropriate Annual Operating Plan.
- Consult with the Legal Department before joining, or renewing membership of, a new industry association involving competitors.
- Obtain approval from your GBU President or Head of Function before joining the board, or organizing committee, of an industry association.
- Follow the Code (Contact with Competitors) and the Guidance Note on Participating in Industry Associations if you anticipate competitors attending the association meeting, exhibition or conference. Follow the antitrust protocols adopted by the industry association, if any.
- In the event of unplanned contact with a competitor (outside a formal industry association meeting) prepare an accurate, and succinct, note of the contact and send to email@example.com
- Follow the Code (Gathering Competitive Intelligence) if you anticipate receiving third-party information from or via an industry association.
- If, during any industry association or unplanned meeting, a competitors inappropriately requests or offers competitively sensitive information or otherwise initiates anti-competitive contact:
- firmly indicate it is against Albemarle policy to have such conversations;
- immediately end the conversation, and note your departure in any meeting minutes; and call the Legal Department.
- Consult with Government Affairs if an industry association is planning to adopt a public position, which is inconsistent with Albemarle’s own position on the matter.
- Ensure that an industry association is appropriately authorized before it engages in political lobbying.
- Follow the Code (Speaking on Behalf of Albemarle) before presenting on behalf of Albemarle at an industry association, exhibition or conference.
- Follow the Code (Offering or Accepting Gifts & Hospitality) if you:
- intend to accept an offer by an industry association, exhibition or conference to expect to be providing anything of value, including gifts or hospitality, to others associated with the industry association, exhibition or conference.