NXP's commitment to the highest standards of ethics and integrity helps us earn the continued confidence of our employees, investors, customers, vendors and communities.

Ethics Committee

The NXP Ethics Committee reviews grievances and oversees investigations into alleged violations of the CoC. The Ethics Committee includes senior leaders from Legal, Internal Audit, Human Resources and Sustainability from the Americas, Europe and Asia-Pacific regions. The Ethics Committee meets bi-weekly to discuss all reports received and to monitor the progress of ongoing investigations.

Allegations, Approach and Management

Allegations

The general approach to all complaints is based on an initial assessment of the grievance, the appointment of an investigation team with the right expertise and skill set to gather all relevant evidence and an in-depth investigation to define appropriate remedial action(s) in the quickest possible timeframe. While it’s difficult to set a fixed timetable for resolution, since complaints vary in scale and complexity, most can be dealt with in under two months.

Approach

Based on the findings of the investigation, a decision is made about whether the grievance is substantiated. If the grievance is substantiated, we take appropriate follow-up actions. These actions can include education, organizational changes, counseling, reprimands, suspension and/or termination, depending on the nature and severity of the finding and the party’s willingness and ability to rectify the issue.

Management

The NXP Ethics Committee reports quarterly to the General Counsel, Chief Financial Officer, Chief Human Resources Officer and the Audit Committee of the Board of Directors about the number and types of reports and details about key investigations that are in progress or completed.