Magna Code of Conduct and Ethics

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20 MAGNA INTERNATIONAL | CODE OF CONDUCT AND ETHICS
Self-Dealing and
Interacting with
Relatives or Friends
We should not allow our personal interests and relationships
to interfere with our work responsibilities. Therefore, it is
inappropriate for any of us to directly supervis
or to be in a direct reporting relationship with
them. It is also not appropriate to be in a position to hire,
evaluate, provide funding to, or enter into contracts or other
business relationships with a relative or close friend, or a
business or organization in which either we or our relatives or
close friends have a significant interest.
Specifically, if your work decisions may be affected, or appear
to be affected, by the position or interests of a relative or close
friend, or by any significant interest that you or your relatives
or close friends have in another business or organization, you
must inform a supervisor. You must then comply with any
process that may be put in place to ensure all dealings and
decisions are made on a fair and transparent basis.
Q: I’m a buyer in the purchasing
department. My wife was recently
hired as the head of sales for one of
our suppliers. Is this a conflict?
A: Yes. It is likely that your wife’s
new role will affect your business
judgement or give others that
impression. You should therefore
approach your supervisor with this
information. That way, management
can assess the situation and take
appropriate measures. Doing so
helps Magna, and protects you and
your wife from any allegation of
improper conduct.