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Preventing corruption and bribery

Wärtsilä's Code of Business Conduct, Anti-Corruption Policy and Broker Directive expressly prohibit the company and its employees from offering or accepting any kind of benefit considered to be a bribe, and from taking actions that could give rise to a conflict of interest or breach of loyalty. Because of this, only business gifts of nominal value may be given or accepted. The instructions make it compulsory not only to comply with local anti-bribery provisions but also internationally recognised anti-corruption and anti-bribery principles, and to report any cases of bribery. The company renders extensive training for its personnel on anti-corruption principles and the relevant instructions.

The company had one case of alleged bribery during the review period related to a 2001 project in Kenya. In May 2009, the public prosecutor in Finland brought charges against a former senior manager of Wärtsilä Finland Oy for aggravated bribery. In October 2009, the public prosecutor further filed a demand for a corporate fine from Wärtsilä Finland as a result of the charges against the former senior manager. It is to be noted that the demand for a corporate fine was only ancillary to the charges brought against the former senior manager. Both the senior manager and Wärtsilä Finland regarded the charges as unfounded. The charges related to a consulting agreement, which was made in conjunction with the project in Kenya. The case was heard before the Pohjanmaa District Court (aka the Mustasaari District Court) in November 2009. By its decision on December 18, 2009, the District Court dismissed all the charges against the individual and the demands against Wärtsilä Finland Oy. In February 2010, the public prosecutor filed an appeal with the Vaasa Court of Appeal. By its decision on September 21, 2010, the Vaasa Court of Appeal referred the case back to the District Court for reasons of procedural law. In November 2010, the former senior manager and Wärtsilä Finland Oy submitted a petition for leave to appeal the Court of Appeals decision to the Supreme Court in Finland.