As described in the Company Statement it is Akzo Nobel's ambition to be the first choice of customers, shareholders and employees and to be a respected member of society.

In the spirit of the OECD Guidelines for Multinational Enterprises, this document sets out the core values that should underlie the conduct of all Akzo Nobel companies in order to fulfil our ambition. In this respect Akzo Nobel's Business Principles apply equally to our business transactions throughout the world and to the individual behaviour of employees in conducting Akzo Nobel's business. This document also brings together the main Akzo Nobel responsibilities for other specific policy areas.

The Business Principles leave Business Unit Management and Country Management free to specify further local rules of business conduct, provided such rules are consistent with our core values and with safeguarding Akzo Nobel's good reputation worldwide.

It is the responsibility of the Board of Management and each Business Unit Manager to ensure that Akzo Nobel's Business Principles are communicated to and observed by Akzo Nobel employees. In addition, Akzo Nobel regards the application of its Business Principles and prime importance in decisions to enter into or continue relationships with contractors and suppliers, and to participate in joint ventures.