Organizational Value System

Michelin

TEAM MEMBERS:NIDHI KARTHIKSACHIN MENONSENGUTTUVANYUVAARAJ MAHENDRAN

Introduction Industry – Auto ancillary Founded - 1889; 126 years ago Headquarters - Clermont-Ferrand, France Products - Tires, travel assistance services An industrial capacity which has doubled

in 6 years More than 1 lakh employees throughout

the world

Reason behind Michelin values

The Michelin values shape relationships within the organisation and also between the organisation and the various groups and individuals that the organisation meets.

Michelin is committed to conducting every aspect of its business in a responsible manner. This includes delivering increasingly efficient solutions to meet expectations and aspirations of customers and shareholders. It means respecting the natural environment while achieving economically sound operations.

Thus, Every decision and action Michelin undertakes is based on the following five fundamental values

Michelin Core valuesRespect for Customers

Respect for facts

Respect for Environmen

t

Respect for Shareholder

s

Respect for People

Application of values : Respect for customer:

high quality products and services and customer-focussed innovation  Respect for people:

Michelin intends to continue its global expansion through the development of mutually beneficial relations with its employees, its industrial and commercial partners, public authorities, non-governmental organisations, the media or local communities where the Group operates.

Respect for Shareholders:Michelin fully recognising shareholder’s role and the investment risks they take by ensuring a sufficient level of operating profits and delivering proper and reliable information on the company.

Respect for the Environment:Michelin involves the development of increasingly environmentally-friendly products and services, the implementation of an environmental management system at all production sites and the promotion of efficient end-of-life tyre recycling solutions

Respect for Facts: Michelin demands objectivity and intellectual honesty, above and beyond opinions and preconceived ideas in all activities .  

Communication of values:

Leading by example , it is Michelin Employee responsibility The values and principles are communicated through The Michelin

Performance and Responsibility Charter The Michelin Performance and Responsibility Charter explains these

values to help managers and employees better implement them in actions and decisions

Every year, Employees has to attend a session and sign on the charter acceptance sheet

Communication of these values are also through signboards throughout the organisation

Values are clearly communicated during the orientation programme as well

Do’s & Don'ts• Protection of Employees’ Privacy • Fairness in Financial Reporting • Health and Safety • Protection of the Group’s Assets • Confidentiality• Compliance with Laws and Regulations • Government Relations and Anti-Corruption• Competition and Fair Dealing

Do’s

• Conflicts of Interest• Gifts and Entertainment • Donations and political contributions• Insider Trading• Relations with Suppliers • Trade and Export Issues • Discrimination and Harassment

AMBITIONS FOR 2020 – Alignment of Values

Save 3 billion litres of fuel over the lifespan of our tires

Develop a responsible supply chain and reduce its CO2 emissions by 10% compared with 2010

Promote energy-efficient, low-emissions mobility, particularly in cities

Deliver €1 billion in structural free cash flow per year as from 2020

Achieve and maintain an 85% employee engagement rate

Help to create 2,000 local jobs per year through Michelin Development

Our suggestions Anonymous survey on ethical

practices in organization with employees

Effective explanation on what could go wrong if the values aren’t respected through role play, skit so the values reach every level of organization

Appreciation for employee who exhibited and praciticed the values efficiently throughout the year

THANK YOU