Governance & Ethics

A Foundation of Integrity

The governance of Molson Coors embraces both strong family traditions and performance-based management. We set our sights on the highest standards of good corporate governance in order to:

  • Strengthen shareholder value
  • Fulfill our responsibilities to our employees, customers and suppliers
  • Satisfy credit, environmental, legal and other regulatory requirements

Responsibility Shared By All

Good corporate governance is the responsibility of our Board of Directors, senior executive team and other employees, who all are bound by our Code of Business Conduct. This Code incorporates best practices for our business, and complies with the requirements of the New York Stock Exchange and U.S. Securities & Exchange Commission.

Winning The Right Way

At Molson Coors, winning the right way matters to us. Our Shared Values unite us and guide our actions. This belief is the cornerstone of our Ethics and Compliance program. Our Audit Committee of the Board of Directors and our internal Ethics and Compliance Committee, comprised of our CEO and his direct reports, help set the direction of our program and hold themselves accountable to the same standards of ethical behavior.

Board of Directors Oversight

Our Board of Directors is elected by the stockholders to oversee their interests and to foster the long-term success of the Company in accordance with the provisions of our Certificate of Incorporation and Bylaws. The Board serves as the ultimate decision-making body of the Company, except for those matters reserved for or shared with our stockholders. The Board selects our Chief Executive Officer and oversees the members of senior management, who are charged with conducting the business of the Company.

Policies and Principles

We are committed to source our agricultural brewing ingredients in a manner that recognizes and embraces Molson Coors quality, safety and sustainability standards.

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As core to our integrity value, Molson Coors is committed to alcohol responsibility in its business practices.

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Molson Coors Brewing Company does not fund, conduct, or commission any tests on animals unless they are explicitly required by law.

Molson Coors Brewing Company's Code of Business Conduct: A Guide for Living Our Brew, is a guide to making decisions that are consistent with our values. The code is published in 12 languages: English, Bulgarian, Croatian, Czech, French, Hindi, Hungarian, Japanese, Montenegrin, Romanian, Serbian and Spanish.

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Molson Coors Brewing Company is compliant with data protection regulations and has policies in place.

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We are committed to fostering open and inclusive workplaces that are based on recognized workplace human rights, where all employees are valued, engaged and inspired to be the best they can be.

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Our policy pertains to all activities of Molson Coors that consume, or have an influence on the consumption of, energy within our operations and business processes worldwide.

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We monitor public discussions regarding genetically modified ingredients and are in full compliance with health, food, safety, labeling and ingredient regulations in each of our markets.

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Molson Coors is committed to sourcing from suppliers, who deliver our packaging materials in a manner that embraces our sustainability and quality standards.

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We engage in the political environment in order to inform public policy makers on company and industry issues and practices and to promote corporate responsibility, including the responsible promotion and consumption of our products.

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We hold ourselves accountable by maintaining safe workplaces, providing employee training, complying with applicable Environmental, Health & Safety regulations and requiring a demonstrated commitment to our Environmental, Health & Safety Policy from all employees within the organization.

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Molson Coors' Supplier Standards extend our corporate responsibility practices to our complex supply chain.

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Molson Coors govern the management of our tax affairs based on principles that align fully with our worldwide commercial, sustainability and corporate governance practices, including compliance with all local tax law and regulations.

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We encourage our people to make a difference in their communities and to the environment, and support volunteering through company sponsored and other approved events.

This report focuses on gender pay and 2017 is the first year companies are required to report these results in the UK & Ireland. Our results show that our pure pay gap is 0.61% when we take out certain elements required in the official reporting, such as car cash allowances and shift pay, and our bonus practices mean that the proportion of men and women who received a bonus is exactly the same. And importantly, with the increasing number of senior female leaders in our business, we believe our bonus pay gap will reduce. We are pleased and not surprised by our findings. They reinforce that we have a strong reward philosophy that ensures fair, transparent and consistent processes, and give us real confidence that we can continue to attract, retain and reward people in the right way.

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Molson Coors is committed to fostering open and inclusive workplaces that are based upon recognized workplace human rights, where all employees and partners are valued, engaged and respected in line with our corporate values.

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Molson Coors’ approach to tax is set centrally at a group level and is agreed by the Board of Directors.  The principles governing the management of our tax affairs are fully aligned with the Group’s worldwide commercial, sustainability and corporate governance practices, including compliance with all local tax law and regulations.

Tax efficiencies are considered when undertaking commercial activity with the aim of enhancing shareholder value.  Intra-Group transactions are conducted on an arm’s length basis in accordance with appropriate transfer pricing rules established by the OECD.

Molson Coors proactively manages tax risk and employs an experienced team of tax professionals to oversee the tax affairs of the Group, obtaining external advice from reputable, independent advisors when appropriate.  We engage transparently with Her Majesty’s Revenue and Customs (“HMRC”) and consult with HMRC staff on a regular basis, including on matters of legal interpretation of the tax code.

Our adherence to internal controls and current tax regulation is regularly reviewed by Internal Audit and external independent auditors.

We want to make it easy for our wholesaler customers and suppliers to access information about Molson Coors UK as required under the new Alcohol Wholesaler Registration Scheme (AWRS) introduced by HM Revenue and Customs.

Molson Coors UK & Ireland’s AWRS number is XJAW00000102268.

We will include our AWRS registration number on all our invoices from April 1 2017 and comply with industry standards for locating AWRS registration numbers on the different types of electronic and manual invoices.

You can download the necessary information about our business below:

The General Terms and Conditions of Sale sets out the basis on how we do business with our customers at Molson Coors Brewing Company (UK) Limited.

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