Complience & Business Ethics

Many factors contribute to our success. Among them are the scope and quality of our products and projects and our commitment to be ‘LeadIng’.  

General Principles of Business Ethics

 

Our company follow to the principles of business ethics. The important rules or principles of business ethics are as follows:

 

·  Healthy Competition: A healthy competitive atmosphere.

·  Ensuring Accuracy: Accuracy in weighing, packaging and quality.

·  Paying Taxes Regularly: Taxes to the government honestly and regularly paid.

·  Getting Accounts Audited: Proper business records and accounts.

·  Keeping Partners Informed: Partners know about decisions of the company.

·  Avoiding Injustice and Discrimination: Avoiding all types of injustice and partiality.

·  Service before Profit: Accept the principle of "service first and profit next."

·  Practice Fair Business: We do businesses fair, humane, efficient and dynamic.

·  Avoid Monopoly: No private monopolies and concentration of economic power.

·  Fulfil Customers’ Expectations: Adjust business activities as per the demands.

·  Respect Consumers Rights: Honor the basic rights of the consumers.

·  Accept Social Responsibilities: Honor responsibilities towards the society.

·  Satisfy Partners’ Wants: All business operations must be opened for Partners.

·  Intentions of Business: Legal and sacred means to do business.

·  Data protection: Linde is committed to protecting the personal data of its employees, customers, suppliers and others

 

Supplier Code of Business Ethics

 

·      Commerce: Being a global company, DEKOM STEEL acts according to international commercial laws in its business activities. Suppliers shall respect all global commercial audits, international commercial laws and regulations as well.

·      Competition law: The supplier must do business in full compliance with the laws of monopoly and fair competition governing the jurisdictions in which they operate.

·      Bribery and Corruption: The supplier is banned from giving, offering a bribe, making a payment or providing anything of value to any institution, person or accepting these from any institution or person.

·      Forced Labor: The supplier shall resort to only voluntary labor force and employ staff who want to work with their own free will. It shall not force its employees to work by means of threats, use of force, false claims or any other forms of oppression.

·      Child Labor: Our suppliers should not employ workers below the age limit defined in the labor legislation.

·      Harassment: Pursuant to the fact that violation of employee’s integrity in any manner by physical, sexual and/or psychological harassment at the workplace or any other place related to work is a breach of law and code of conduct, suppliers shall not tolerate such acts in any way.

·      Indemnity and Charges: The wages, overtime payments and wage related rights paid by the suppliers to their employees should be equal or higher than the requirements of applicable labor legislation.

·      Working Hours: Our suppliers accordance with local and national laws or regulations to working hours and overtime work.

·      Nondiscrimination: Suppliers shall not discriminate depending on race, color, nationality, gender, religion or disability in all decisions related to employment including recruitment, promotion, benefits, education, mandatory dismissal and termination of business.

·      Freedom of Unionization and Collective Bargaining: Employees of suppliers are free to join legal organizations based on their own choices. Suppliers shall bestow and respect their employees’ right of association and collective bargaining. Employees shall not be threatened or harassed as they join such organizations.

·      Business Records: The supplier shall create, save and store all information related to the business correctly and in complete harmony with all requirements of applicable laws and regulations. At meetings with representatives of regulatory bodies and officials, the supplier shall be honest and ingenious.

·      Confidentiality and Protection of Trade Secrets: Documents, business and technical information provided by DEKOM STEEL to the supplier are defined as “Confidential Information”. The supplier shall keep all information, methods that provide competitive advantage or ideas, practices, methods, inventions, designs, works etc. not yet known in the industry (“Trade Secret” or “Confidential Information”) confidential, and shall not explain to third parties without written consent of DEKOM STEEL. 

·      Intellectual Property Rights: DEKOM STEEL does not entitle the supplier with licenses, patents, industrial designs or copyrights. The supplier must pay all costs, losses and additional expenses, including fines, of the parties (DEKOM STEEL other suppliers, distributors and customers) who incur losses due to breach of intellectual property rights because of any reason caused by the supplier.

·      Conflict of Interest: The supplier shall avoid acts that cause inconvenience or conflict of interest.

·      Accepting and giving gifts: Apart from souvenirs/promotions given in accordance with customs of trade, any gift sent by the supplier that give an impression of infraction of rules, may cause or be perceived as dependency shall not be accepted.

 

PRINCIPLES OF IMPLEMENTATION

 

Our suppliers will have a commitment to read the Code of Business Ethics, understand and be respected by the signature authority on behalf of the company. We may follow compliance with the Code of Business Conduct, or we may appoint a third party to carry out this audit. In the event of a violation of these Code of Conduct, we reserve the right not to pursue our relationship with the supplier. DEKOM STEEL may require any supplier employee, who acts in violation of law or in contradiction with the code of conduct to be suspended or terminate its cooperation with the supplier.