Fraud: Fraud means obtaining for one’s self or others an illegitimate benefit for one’s self or others by either (i) tricking someone into doing something or failing to do something that causes them to incur a loss or risk of loss, or (ii) wrongfully influencing the outcome of an automated data processing event. Fraud can, for example, include manipulation of computer systems or financial accounts (or other information).
Code of Conduct (ethical guidelines): A set of rules that stipulates norms, frameworks and responsibility for ethical and responsible actions, which everyone who works at, for or on behalf of the company must comply with.
Compliance: Compliance means acting in accordance with the ethical guidelines set out in the Code of Conduct. The work we do in this area is intended to safeguard compliance with relevant legislation, national and international regulations as well as the Group’s internal guidelines.
Discrimination: Treating someone less favourably than other people, e.g. unfair or unreasonable difference in treatment on the grounds of gender, age, ethnicity, origin, nationality, religion, disability, trade union membership, political affiliation or sexual orientation.
Ethics: The moral principles that govern our behaviour and choices.
Business partner: Everyone with whom the Seashore Group does business, such as suppliers, customers, distributors, agents, intermediaries, retailers, consultants, contractors and lobbyists.
Money laundering: A variety of different actions intended to conceal the origins of illegally obtained income, typically by means of transactions involving financial institutions or legitimate businesses.
Conflict of interest: When personal interests obstruct, or appear to obstruct, the interests of the Seashore Group.
Stakeholders: Organisations or individuals that may affect or be affected by a case or situation, e.g. shareholders, management, employees, society, customers, competitors, suppliers and public authorities.
Confidential information: Information that is exempt from public disclosure and sensitive for the Seashore Group, our employees and/or our business partners.
Corruption: When someone gives, receives, accepts, is offered or demands an improper benefit in connection with a position, job or elected office. Typically, the purpose of such a benefit is to influence a decision.
Lobbyist: A personwho works to influence (lobby) others on behalf of themselves, an organisation or special interest group.
Diversity: The practice of including or involving people from a range of different backgrounds, without discrimination. In our Code of Conduct, we emphasis multicultural diversity as well as diversity relating to gender, sexual orientation and functional ability.
Collegiality: This means that employees take joint responsibility with managers, and the relationship they have with their duties, co-workers and employer. To achieve results and a cohesive workplace environment, employees must themselves step up day-to-day and not passively leave everything up to the manager.
Intermediary: An intermediary is a company or person who acts on behalf of the Seashore Group. This includes consultants, contractors, agents, brokers, distributors, etc.
Human rights: These are the fundamental rights that everyone has, irrespective of gender, age, religion, sexual preference, nationality or country of residence. After World War II, human rights were enshrined in international agreements that the majority of countries agreed to abide by.
Public official: A person who is appointed or elected to a legislative, administrative or judicial office, a person who works in the civil service or a public body or company (such as state-owned companies), or who represents an international public organisation.
Risk: The potential or possibility for unwanted incidents and losses.
Due diligence: A process and method for collecting and analysing information about potential and existing business partners, e.g. in connection with new business relationships or contracts.
Sponsorship: A form of indirect advertising whereby companies, organisation or public institutions provide financial support in order to link their brand name or operation to something positive.
Harassment: Any form of unwanted behaviour towards another person that creates a hostile, frightening, humiliating, demeaning or abusive working environment, and thereby affects the victim’s dignity or mental health.
Improper benefit: Anything that the recipient has an interest in or may derive benefit from, which is offered or received in return for the improper performance of a relevant function or activity. This may be a financial benefit, such as payments in cash or into a bank account, cars, free travel, hospitality, work performed or shares in companies. It may also be a non-financial benefit with no direct material value, such as honour and respect, promises of future contracts or membership of exclusive clubs or associations.
Whistleblowing: When an employee reports a censurable matter at their own workplace or in their employer’s business operations. The whistleblowing provisions in the Norwegian Working Environment Act state that employees who report censurable conditions are protected against reprisals.
