The value that IFIA members provide to their clients is trust, and it is for this reason that IFIA has chosen to adopt and implement a Compliance Code to encapsulate the integrity for which membership stands. The code consists of two documents, the IFIA Compliance Code, Third Edition, April 2007 and the IFIA Compliance Code: Guidelines on Implementation, rev. 2 February 2010.
The Compliance Principles address technical and business professional conduct and ethics in relation to the following areas:
Integrity
Conflicts of interest
Confidentiality
Anti-bribery
Fair marketing
It is a condition of IFIA membership that members implement and abide by the Compliance Code. This entails:
Approval of the member’s implementation by IFIA
A Compliance Programme throughout the member’s organisation
Policies and procedures in accordance with the Code
Training of staff globally
Regular monitoring of compliance with the Code.
The objective is a sound and verified basis for trust.
To ensure the effectiveness of their implementation, members are required to submit their Compliance Programme to an annual independent examination whose results are reported to IFIA. To assist with this process, IFIA has published the document IFIA Guidance Checklist for Members’ Internal Compliance Audits.
IFIA has also issued the IFIA Compliance Training Guide as an aid to member companies when training their staff.
IFIA has additionally issued a Guidance Note for IFIA Members on the UK Bribery Act 2010.
Compliance issues are monitored by the Compliance Committee, whose members are listed below:
Chairman
Roger Brockway – IFIA Director General
Members
Alfred H Knight, UK (Tony Brereton)
Bureau Veritas, France (Andrew Hibbert, alternate David Lappage)
Control Union International, Germany (Bernd Hammling)
Cotecna Inspection SA, Switzerland (Adrian Walker)
Intertek Group Plc, UK (David Foreman)
SGS, Switzerland (Olivier Merkt)
Saybolt, Netherlands (Marnix Koets)
Baltic Control Ltd, Denmark (Martin Pedersen)
TUV Rheinland, Germany (Aiko Bode)
Underwriters Laboratories, USA (Chris Gangemi)
Secretary
Nick Walser, IFIA
