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  Resources

 Glossary

Bribes

Gifts, loans, fees, rewards or other advantages given to or received from another person as an inducement to do something which is dishonest or illegal.


Close period

A period of time prior to the public release of Nestlé’s financial results during which company insiders are prohibited from trading in Nestlé securities. Close Periods run from the 1st day of each quarter of the year until and including the day of publication of the financial results/sales figures.


Facilitation payments

Usually small payments made to expedite or secure the performance of a routine governmental action by a public official such as customs clearances, visas, permits or licenses.


‘In good faith’

To act sincerely and honestly without intent to deceive.


Insider trading

Profiting from, or attempting to profit from, knowledge of price sensitive and other confidential information by using, disclosing or encouraging transactions in Nestlé securities based on such information.

Kickbacks

Illicit payments made usually as a reward for improperly facilitating a transaction.


Nestlé Group subsidiary companies

All Nestlé subsidiaries that are included by way of full consolidation in the consolidated financial statements of the Nestlé Group.


Third parties

Customers, distributors, suppliers, service providers, government officials, doctors or other professionals with which Nestlé interacts.


Trade sanctions

Economic and export control laws and regulations. such as trade barriers, tariffs, and other foreign-policy trade-based restrictions which may target individuals, entities or jurisdictions, which violations may lead to administrative or criminal actions.