Governance and Ethics
Ethics in Action
Ethical behavior is second nature at Hasbro, with senior leaders instilling a culture of integrity across the organization. For example, our CEO communicates with employees on ethical issues and dilemmas via the company intranet and our ethics hotline and mailbox through which employees raise concerns that are checked daily. We also train managers and employees in all legal and ethical issues relevant to their day-to-day work environment.
Since 2012, Hasbro has been named a World's Most Ethical Company® by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance.
Hasbro’s Chief Legal Officer oversees ethics and compliance policies and processes across the organization. This role is supported by Hasbro’s compliance practice to help ensure we manage legal and regulatory risk across the global organization. The Audit Committee of our Board of Directors also takes a proactive interest in compliance and ethics issues and interacts frequently with the compliance and ethics teams.
In 2014, we updated our compliance program, including our Code of Conduct, to address new areas of importance and to ensure ethics is delivered consistently across the global organization.
As we look to expand both operations and sales into emerging and developing markets, it is a significant challenge to ensure our standards are upheld and adhered to in these countries. Areas where this is a concern include toy safety, social compliance, and bribery and corruption.
Our CEO is committed to transparency and personally reviews questions about the company brought to him by employees via a “write to the top” inbox. We use this inbox to generate Q&A dialogue with the CEO, which we post to our employee intranet.