Governance & Ethics
A Foundation of Integrity
The governance of Molson Coors Beverage Company embraces both strong family traditions and performance-based management. We set our sights on the highest standards of good corporate governance in order to:
- Strengthen shareholder value
- Fulfill our responsibilities to our employees, customers and suppliers
- Satisfy credit, environmental, legal and other regulatory requirements
Responsibility Shared by All
Good corporate governance is the responsibility of our Board of Directors, senior executive team and other employees, who all are bound by our Code of Business Conduct. This Code incorporates best practices for our business, and complies with the requirements of the New York Stock Exchange and U.S. Securities & Exchange Commission.
Winning the Right Way
At Molson Coors, winning the right way matters to us. Our Shared Values unite us and guide our actions. This belief is the cornerstone of our Ethics and Compliance program. Our Audit Committee of the Board of Directors and our internal Ethics and Compliance Committee, comprised of our CEO and his direct reports, help set the direction of our program and hold themselves accountable to the same standards of ethical behavior.
Board of Directors Oversight
Our Board of Directors is elected by the stockholders to oversee their interests and to foster the long-term success of the Company in accordance with the provisions of our Certificate of Incorporation and Bylaws. The Board serves as the ultimate decision-making body of the Company, except for those matters reserved for or shared with our stockholders. The Board selects our Chief Executive Officer and oversees the members of senior management, who are charged with conducting the business of the Company.
Molson Coors?does not fund, conduct, or commission any tests on animals unless they are explicitly required by law.
Molson Coors's Code of Business Conduct: A Guide for Living Our Brew, is a guide to making decisions that are consistent with our values. The code is published in 12 languages: English, Bulgarian, Croatian, Czech, French, Hindi, Hungarian, Japanese, Montenegrin, Romanian, Serbian and Spanish.
We are committed to fostering open and inclusive workplaces that are based on recognized workplace human rights, where all employees are valued, engaged and inspired to be the best they can be.
We?engage in the political environment in order to inform public policy makers on company and industry issues and practices and to promote corporate responsibility, including the responsible promotion and consumption of our products.
We hold ourselves accountable by maintaining safe workplaces, providing employee training, complying with applicable Environmental, Health & Safety regulations and requiring a demonstrated commitment to our Environmental, Health & Safety Policy from all employees within the organization.
Molson Coors govern the management of our tax affairs based on principles that align fully with our worldwide commercial, sustainability and corporate governance practices, including compliance with all local tax law and regulations.
We encourage our people to make a difference in their communities and to the environment, and support volunteering through company sponsored and other approved events.
We make and sell beverages in one of the world’s most competitive, fast-paced markets. Central to the success of our business is continuing to create an environment where our people can be themselves and thrive. The Gender Pay Report is one tool we use to understand how we are progressing on this journey .Our 2019 Gender Pay Report tells us that we are still moving in the right direction as we have reduced our mean gender pay gap overall from 3.84% to 0.79%. This number includes our ROI, Aspall and Sharps businesses which is more than we are legally required to report on.
Molson Coors is committed to fostering open and inclusive workplaces that are based upon recognized workplace human rights, where all employees and partners are valued, engaged and respected in line with our corporate values.
We want to make it easy for our wholesaler customers and suppliers to access information about Molson Coors UK as required under the new Alcohol Wholesaler Registration Scheme (AWRS) introduced by HM Revenue and Customs.
Molson Coors UK & Ireland’s AWRS number is XJAW00000102268.
We will include our AWRS registration number on all our invoices from April 1 2017 and comply with industry standards for locating AWRS registration numbers on the different types of electronic and manual invoices.
You can download the necessary information about our business below:
The General Terms and Conditions of Sale sets out the basis on how we do business with our customers at Molson Coors (UK) Limited.
Full details can be found at?www.mcdirect.com?(see the ‘Terms and Conditions’ link).