Our statement of Business Practice, The Way We Work, defines BT's business principles that apply worldwide, to all employees, agents, contractors and others when representing BT.
BT Group plc's ("BT") chief executive officer, group finance director, a number of his direct reports and the lines of business finance directors hold important roles in corporate governance.
A code of ethics provides principles to which these officers are expected to comply and which they are expected to champion throughout BT. This code of ethics complements our statement of Business Practice, The Way We Work.
Any change to this code of ethics and any explicit waiver granted by the Nominating & Governance Committee or implicit waiver from it for these officers will be disclosed on our website within five business days after the date of the change or waiver and for at least 12-months afterwards. In the case of a waiver, its nature, the name of the person to whom it was granted and the date of the waiver will be described. Information on any change or waiver will be retained for a period of five years.
The chief executive officer, group finance director, the director group financial control, director group treasury, tax and risk management, other direct finance reports to the group finance director and the lines of business finance directors will:
BT will take appropriate disciplinary action against any such officer who acts in contravention of these principles.