Wondering what Koch expects of its employees? Check out the company’s Code of Conduct, which includes this admonition: “The company appreciates the value of diversity. To deny someone’s contribution to the company because of unlawful discrimination or harassment would be an injustice not only to the individual, but to the company as well, and will not be tolerated.”
Need to know more about Koch’s unique business philosophy, Market-Based Management®? Charles Koch has written three books on the subject, all of which are filled with detailed explanations of how and why the company operates the way it does. The most popular of these, “Good Profit,” was an instant New York Times bestseller.
When Charles Koch commented on “Good Profit” recently, he said: “Six years ago, I wrote a different kind of business book. It was not about getting rich quick or crushing the competition or trendy management techniques. Instead, it was about using proven principles to conduct business in a mutually beneficial way.”
We approach governance with the desire to act responsibly in a spirit of mutual benefit. We focus on maximizing bottom-up solutions rather than top-down mandates, which puts the focus on (and provides opportunities to) individuals rather than hierarchies. Our compliance standards and risk management systems are geared toward helping employees make good decisions. We audit frequently to make sure our systems are resilient.
Yes, we believe our words and commitments matter. That’s why we seek employees and partners who strive to act consistently with our principles. The same is true for our approach to social and environmental priorities.