What we need to know

  • A conflict of interest exists when our personal interest conflicts, or could be perceived to conflict, with Telenor’s interests
  • Personal interests include our financial interests, business opportunities, outside employment or the interests of people close to us, such as close family members, personal friends or business associates
  • Even the perception that we may not be acting in Telenor`s best interest can call into question our integrity and adversely affect our reputation
  • All decisions that are made on behalf of Telenor must be based on an objective and fair assessment of the company’s interest without being impacted by our personal interest
  • Openness and transparency are essential to manage actual, potential, or perceived conflicts of interest
  • A conflict of interest can still exist even if the company benefits in some way

What is expected of us

  • We avoid conflict of interest and other situations which could impact our judgment
  • We recuse ourselves from situations and decisions where we have a potential or perceived conflict of interest
  • We promptly disclose actual, potential, and perceived conflicts of interest to our manager
  • We work with our manager to resolve conflicts of interest and document our decisions and actions
  • We always involve the Compliance Function if a conflict of interest cannot be avoided
  • We do not hold external duties or positions that could affect, or be perceived to affect, our responsibility to act in Telenor’s best interests
  • We obtain written approval from our manager before accepting external directorships or other material assignments, and we keep records in accordance with company procedures

What to look out for

  • We have a financial or other interest in an existing or potential Business Partner of Telenor`s
  • We hold outside employment or positions which could interfere with our ability to perform our duties for the company
  • We are recruiting, hiring, or directly supervising a family member, friend, or individual with whom we have a close personal relationship
  • We are offered anything of value in our personal capacity from existing or potential Business Partners including gifts, discounts or other benefits
  • A Business Partner of Telenor is or will provide services to us in our private capacity

Resources and Tools