The OTE Code of Ethics contains specific provisions on Bribes and Corruption (Article 13), which specifies that under no circumstances will bribery, illicit payments and unlawful practices be allowed. These provisions, as part of the Code of Ethics, are reviewed and where necessary supplemented by the Board of Directors.

The OTE Audit Committee, reporting to the Board of Directors, is responsible for managing the receipt, investigation and treatment of complaints and concerns from employees or third parties regarding bribery as part of the Committee’s remit on accounting, internal accounting controls and auditing matters. The confidential, anonymous complaints procedure established by the Audit Committee in 2006 is explained and publicised internally on the OTE Intranet and externally on the OTE website. Click here to read the text. OTE Management reports to all staff on the number of cases of personnel disciplinary control, including permanent or temporary suspension of employment, arising from serious breaches of contractual or ethical requirements. During 2007, there were no such instances arising from bribery.