CODE OF ETHICS POLICY
Objective:
Ensure ethical conduct in all business operations and decisions, fostering a culture of integrity and compliance with applicable laws and regulations.
Scope:
Covers all company employees, management and board members.
1. Ethical Management and Anti-Corruption:
• We are committed to conducting our business affairs with integrity, honesty, and transparency.
• We strictly prohibit bribery, corruption, and any form of unethical behavior in all our dealings.
2. Prevention of Conflict of Interest:
• Employees must avoid situations where personal interests conflict with the interests of the company. • Full disclosure of any potential conflicts of interest is mandatory.
3. Prevention of Anti-competitive Behavior and Unfair Trade Practices:
• We adhere to fair competition laws and regulations in all jurisdictions where we operate.
• Unfair trade practices, such as price-fixing or market manipulation, are strictly prohibited.
4. Prevention of Counterfeit Parts:
• We ensure the authenticity and quality of all parts and materials used in our products.
⚫ Counterfeit parts have no place in our supply chain, and measures are in place to detect and prevent their use.
5. Compliance with Export Restrictions:
We comply with all applicable export control laws and regulations.
Exporting products or technologies that are subject to restrictions requires proper authorization and due diligence.
6. Protection from Internal Whistleblowing and Retaliation:
We encourage employees to report any misconduct, unethical behavior, or violations of company policies.
• Whistleblowers will be protected from retaliation, and their identities will be kept confidential to the extent possible.
7. Prevention of Money Laundering:
• We have implemented anti-money laundering measures to prevent our business from being used for illegal financial activities.
• Suspicious transactions or activities must be reported promptly to the appropriate authorities.
8. Financial Responsibility (Accurate Record-keeping):
• Accurate and transparent financial record-keeping is essential to our business operations.
⚫ All financial transactions must be recorded accurately and in accordance with applicable accounting standards.