Approach and ethics
The board of Spur Corporation subscribes to the philosophy of responsible leadership, incorporating the ethical values of responsibility, accountability, fairness and transparency.
Spur Corporation adopts a code of ethics which requires employees to maintain the highest moral and ethical standards in their relationships with all stakeholders. The principles contained in the code are:
- Honesty and good faith
- Transparency and openness
- Accountability and responsibility
The code is enforced by the social, ethics and sustainability committee, which also includes sustainability matters.
In addition, the company has a strict conflict of interest policy governing gifts and prohibiting kick-backs and bribes. The policy restricts employee relationships with suppliers, governs the use of company resources for non-company purposes and limits the extent of other business interests undertaken by employees.
Employees, including executive directors, may not have any interest in a competing restaurant business, franchise or chain that is considered to operate in a similar market to the group. All employees, including directors, who have any influence over purchasing decisions of the group or its franchisee body, are required to sign an annual declaration enforcing the above policy. The company also has an employee interest in group franchises policy which governs the number of group franchised outlets and the extent of the interest in such outlets an employee may have. It also includes the approval process that must be followed before franchises are granted to employees and other requirements.