Legal & General has subsidiaries in the Netherlands, Dublin, France and the USA, and a joint venture in Egypt. In 2008 we also signed new joint venture agreements in India and Bahrain.
Good Governance Foundations
As we expand overseas we encounter more risks which need to be managed. In 2008, we have engaged with Human Rights Watch, Amnesty International and EIRIS to build our policies to develop good governance guidelines in particular, to understand our United Nations Global Compact responsibilities.
The result is that our new Legal & General Code of Ethics now covers Human Rights and Corruption and Bribery Policy. This is now public and relates to all International subsidiaries as well as UK. See here for public statement. See 19 December Article, click here
We have also provided information on joint venture operation in Egypt to analysts to assure them that we are doing more than is required in the areas of employment and religious rights.