Visteon's ethics and compliance program is based on our Ethics and Integrity policy. This policy describes the company's expectations regarding the standards of behavior and conduct of employees. It underscores our dedication, at all levels of the organization, to the core values underlying our ethical standards. The policy is translated into nine languages and distributed to our employees throughout the world. The company also maintains an ethics "hotline" and encourages employees to report any concerns or failures in compliance. Finally, Visteon has implemented a process under which employees can bring any concerns regarding matters of ethics and compliance to the direct attention of our Audit Committee. Through an annual report presented to the Audit Committee, the company describes its activities and compliance within our ethics areas.
Highlights of Ethics and Integrity Policy
Diversity and Inclusion
Environment, Health and Safety
Product Safety and Quality
Company Property and Information
Intellectual Property, Confidentiality
and Privacy Property
Books, Records and Filings
Insider Trading
Conflicts of Interest
Fair Dealing and Competition
Ethics Policy
   

Select a language below:

      English          Japanese
      Chinese     

    Portuguese (Brazil)
 

    Czech

          Portuguese (Portugal)
      French     

    Spanish
      Hungarian    

Code of Basic Working Conditions
As an extensions of our ethics and compliance program, in 2006, Visteon adopted its own Code of Basic Working Conditions. This code sets our requirements and expectations related to the following areas:

Child Labor      Compensation
Forced Labor      Freedom of Association & Collective Bargaining
Harassment & Discrimination      Environment, Health, and Safety
Work Hours      Responsibility and Implementation

Visteon is committed to ensuring its own suppliers are aligned with the company's ethics and compliance program. Visteon issues to all of its suppliers terms and conditions that include compliance with all applicable laws and regulations, including those relating to environmental matters, wages, hours, conditions of employment, discrimination, health and safety. The terms and conditions also require that suppliers attest that any supplies purchased by Visteon will not be produced with forced labor either by the supplier or its suppliers.
GOVERNANCE:
Board of Directors
http://www.visteon.com/company/executives/index.html

Board Committee Structure
There are currently five Board committees

Audit Organization and Compensation
Corporate Governance & Nominating Corporate Responsibility
Finance Committee

Corporate Responsibility Committee
Established in March 2004, the Corporate Responsibility Committee's purpose is to review and oversee the corporation's policies, practices and performance with respect to corporate citizenship and public policy considerations affecting Visteon's relationship and reputation with its key stakeholders, including its shareholders, employees, communities, and customers. The Committee's duties and responsibilities are to:

  • Understand Visteon's business activities that relate most directly to matters of public policy and corporate citizenship, including environmental stewardship, corporate giving, community involvement and government relations.

  • Review and develop recommendations to management that assist in formulating and adopting policies, programs, practices and strategies concerning corporate citizenship and public policy matters

Further detail on Board committee charters and roles and responsibilities can be found on http://phx.corporate-ir.net/phoenix.zhtml?c=122447&p=irol-govhighlights.

Recent Achievements

Visteon received the 2009 Alfred P. Sloan Award for Business Excellence in Workplace Flexibility for companies in Michigan. Visteon was one of 37 honorees and the only automotive-related company to be recognized for its progressive programs that promote work-life integration, including opportunities for employees to adopt flexible work schedules and access to the Visteon information technology network from remote locations.

In April 2009, Visteon in Brazil was recognized as one of the ten best companies in Social Responsibility, during a 2009 ceremony in São Paulo by publisher Gestão & RH. The company received the "Best Companies in Corporate Citizenship" award given to companies with best practices in corporate citizenship.