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Governance
Code of Ethics
Gildan is committed to maintaining high ethical standards at all of our operations and business practices worldwide. The Gildan Code of Ethics is intended to set out Gildan’s standards and expectations of conduct by all employees with regards to integrity, ethics, confidentiality and conflicts of interest. This Code of Ethics applies at all times, without exception, to all employees of Gildan worldwide, as well as to the members of Gildan’s Board of Directors. Newly hired employees must sign an acknowledgement that they have read and understood the Code of Ethics and the Code of Conduct. Designated members of management are also required to re-certify their compliance with these codes on an annual basis.
The Gildan Code of Conduct defines Gildan’s values and acts as a framework in guiding our operations and business practices, as well as those of our contractors, consultants, agents and suppliers.
The content and application of these codes fall under the mandate of Gildan’s Executive Management Committee. The standards and expectations outlined in the codes are not exhaustive and should be interpreted together with other Gildan policies and practices, as well as common sense standards of conduct and individual conscience.
View the Code of Ethics and the Code of Conduct.
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2010-2011 information related to GRI indicators S02 and S04
As part of the Company’s compliance with the requirements of the Sarbanes-Oxley Act, a company-wide risk assessment was performed which includes risks relating to financial reporting and continuous disclosure compliance, as well as fraud risks. In addition, certain key internal controls which are tested as part of these compliance requirements also serve to address corruption risk, such as tests of disbursements and related controls, and various annual certifications by business segment management. These internal certifications include compliance with the Company’s Code of Ethics and Code of Conduct, and more specifically, compliance with the Company’s anti-corruption policy adopted by the Board of Directors in 2004. The Company also has an integrity and social responsibility hotline program in place that is managed by a third-party service provider, which allows employees to anonymously report any concerns relating to ethics, corruption or any other breaches of the Code of Ethics and Code of Conduct. The Company has an “Employee Concerns and Questionable Acts Committee” which reviews all calls received through the hotline service, with a requirement to communicate any significant issues to executive management and the Company’s Audit and Finance Committee.
Gildan requires strict adherence to its Code of Ethics and Code of Conduct and associated policies, including its anti-corruption policy. Failure to comply could result in disciplinary action up to and including termination.
No incidents of corruption were reported through the certification process or otherwise identified during fiscal 2010 or 2011.