An important aspect of our commitment to ethical business practices is establishing and maintaining strong anti-bribery and corruption controls. We work diligently to promote adoption of anti-corruption practices by our employees and business operations, and we apply the same standards throughout our value chain. The Lockheed Martin Compliance with Anti-Corruption Laws policy statement directs our approach to anti-bribery and corruption, which applies to all of our employees around the world. We encourage employees to engage their local Ethics Officer, the Corporate Ethics Office, Human Resources (HR) or our Legal team for guidance, to ask questions and to raise concerns. We also offer employees access to an interactive guide called the Gifts Decision Tree, which helps individuals apply our standards for giving and receiving gifts, hospitality and other business courtesies.
We make a variety of additional resources and guidance available through our intranet and Anti-Corruption Program and Polices site. We regularly review and update resources on the site to address changes in laws, regulations and the global environment.
Lockheed Martin has a zero-tolerance policy for corruption and we investigate any allegation of such incidents. We routinely assess publicly reported incidents of corruption involving businesses and countries around the world, and update our risk analyses, policies and procedures and trainings accordingly.
We extend our anti-bribery and corruption standards across our value chain with the Lockheed Martin Supplier Code of Conduct explicitly referencing our expectations of suppliers. We prohibit anyone who is conducting business on our behalf, including suppliers, from offering or making improper payments of money or anything of value to government officials, political parties, candidates for public office, or other persons.
In 2020, we took key steps to strengthen our anti-bribery and corruption control policies, including the anti-corruption section of our Code of Ethics and Business Conduct. Please refer to the Ethical Governance and Leadership section of this report for additional information about changes to our Code of Ethics and Business Conduct. Also in 2020, we shifted oversight of third-party consultants under the purview of Lockheed Martin’s Legal team. This addressed the identification of third-party consultants as a potentially vulnerable group related to corruption and bribery risks.