9.1 Does the company have enhanced risk management procedures in place for the supply of goods or services to markets or customers in countries identified as at a high risk of corruption?
HII is primarily a U.S. government contractor with the vast majority of its operations in the United States. Even our employees based outside of the U.S. are primarily engaged with U.S. government customers in those countries.
As a result, we are extraordinarily cautious with our international operations to ensure full compliance with U.S. and local laws, including anti-corruption laws. Our anti-corruption program has established several mechanisms for ensuring that this risk is properly accounted for. For example, in the risk categorization of our Representatives, any Representative that will be dealing with government officials in a country with a reputation for corruption will be categorized at least as medium risk (possibly higher depending on the nature of the engagement, scope of services, etc.), ensuring enhanced due diligence steps. Employees travelling to foreign countries must obtain pre-approval from the Compliance Office before engaging in meals or other hospitality while in the foreign country. As our business evolves, territorial risk will continue to factor into our approach toward anti-corruption compliance. Territorial risk is a significant factor in our annual anti-corruption risk assessment.
When entering into new markets we routinely obtain the advice of counsel, including on issues related to corruption and bribery risks.
9.2 Does the company disclose details of all of its fully consolidated subsidiaries and non-fully consolidated holdings (associates, joint ventures and other related entities)?
HII discloses all information regarding its subsidiaries, joint ventures, and other associated entities in its public filings with the U.S. Securities Exchange Commission.
9.3 Does the company disclose its beneficial ownership and control structure?
HII is a publicly-traded company on the New York Stock Exchange.
9.4 Does the company publish a breakdown of its defense sales by customer?
HII publishes a breakdown of its defense sales by customer in its Annual Report. In our 2018 Annual Report, we reported:
Our revenues are primarily derived from the U.S. Government. In 2018, 2017, and 2016, approximately 88%, 87%, and 89%, respectively, of our revenues were generated from the U.S. Navy, and approximately 5%, 6%, and 6%, respectively, were generated from the U.S. Coast Guard. In 2018, 2017, and 2016, we generated approximately 3%, 3%, and 4%, respectively, of our revenues from commercial customers and 4%, 4%, and 1%, respectively, from other government agencies.
Important related documents and links: