Acts in violation of Patria's Code of Conduct, even when done with the best of intentions, may cause significant long-term damage to Patria´s reputation and may lead to legal actions against the company and its Personnel. Any member of Patria Personnel who violates the Code is subject to strict discipline, up to and including termination of employment or contract.

The Code (or materials related to the Code) cannot possibly address every specific situation that Personnel will face in the complex business environment. In case of uncertainty, Patria Personnel are advised to discuss the matter with the nearest superior, the Human Resources Department, or to seek advice from the Patria Legal Department. Furthermore, all Personnel members are obligated to diligently report any compliance concerns or potential or suspected violations of this Code to their own superior or to the General Counsel. Channels for reporting are

  • an email address leading to the Chief Compliance Officer and
  • Patria’s internal channel, also enabling anonymous reporting.
  • External stakeholders can contact Patria via the feedback link.

In all instances, the rights and privacy of both the reporting person(s) and the one(s) accused of violations are adequately protected and assured. Patria will not tolerate any adverse employment action or retaliation against a person who raises a compliance concern. Any person who retaliates against another for raising a compliance concern in good faith will be subject to strict discipline, up to and including termination of employment.

Patria publishes statistics on reports in its Annual Report's Corporate Responsibility section annually.

All the reports from different channels are investigated according to a process described in Patria's Integrated Management System. Reports in general and related actions are reported to the Audit Committee regularily. In 2017 no serious misconducts were reported, mainly the reports concerned alleged inappropriate behaviour which was therefore raised as one of the main themes in the ethical training. Also, specific training in this subject is available.