Business Ethics

 

Code of Business Ethics of ARGINTA Engineering, UAB

 

1. Introduction

 

The Code of Business Ethics described herein is aimed at giving recommendations on the way of conduct of employees, directors, and members of the board (hereinafter referred to as the Employees) acting on behalf of the company Arginta Engineering, its subsidiary and associated companies (hereinafter referred to as ENG). 

Recommendations given in the Code of Business Ethics shall not be treated as universal and comprehensive, since it is impossible to foresee all of the circumstances, which may be faced. 

Despite the above restriction, the Employees may find themselves in such situations with no specific principles of conduct established in respect thereof. In such cases it is very important that the Employees duly select and apply the recommendations given herein at their own discretion. It is also expected that in such situations the Employees seek advice with their line managers. 

Fundamental principles of this policy are as follows: the Employees must act in an honest and ethical manner, comply with the laws, and protect the name and reputation of ENG. 

The Employees, who take the executive positions, depending on their functions in the organization and respective job positions, are expected to:

  • Support and uphold such working environment, which acknowledges, values, and sets ethical conduct as a standard;
  • Ensure that their employees and team members understand and go by the Code, also have any and all necessary resources for this purpose;
  • Observe and continually ensure the implementation of standards established herein in the organization;
  • Lead the way by their conduct and encourage others to act in the same way.

 

2. Competition

 

ENG supports active, lawful, and ethical competition, therefore, in pursuance of any of its activities, it will go by any and all applicable laws on the supervision of competition. 

Conduct that breaches the competition laws, e.g. unlawful agreements with competitors, may result in highly serious consequences:

- fines up to ten percent of total turnover of the company;

- imprisonment of individuals accused of unlawful price-fixing;

- the company’s clients may take personal initiative and file a claim against the company for the damages incurred. 

  • Unintentional damage shall also be subject to punishment. 

ENG will not tolerate any breach of the laws on the supervision of competition.

 

3. Ethical procurement

 

ENG suppliers play a vital role. Thanks to them ENG can operate, supply products, and render services to its clients. 

ENG will select its suppliers very carefully by taking their merit into account.

ENG will request from its suppliers to follow the requirements laid down in laws, also to operate and act without prejudice to the provisions of the Code of Business Ethics of ENG.

 

4. Publicity

 

ENG reputation is a great asset. ENG trademarks must be used in a consistent and appropriate manner, thus avoiding the situations of losing legal rights to such trademarks. 

If a client or supplier requests to use ENG name or company brand in their advertising, he must first of all get permission from ENG.

Any and all official ads or advertising campaigns and promotions must be approved by the manager of ENG.

Invalid, misleading, or false actions and initiatives are strictly prohibited.

 

5. Keeping secrets of the company

 

The Employees must take respective steps and keep the confidential information belonging to ENG, which has been made available to them because of the nature of their work.

ENG will not use the confidential information, which has been made available to it about other companies.

Any and all Employees must respect the confidential information belonging to other persons.

 

6. Protecting the property of the company

 

The Employees should protect the property of ENG and ensure proper use thereof. Any and all suspected cases of fraud or theft must be immediately reported to the line managers.

Technologies, equipment, and such other resources of ENG should not be used for the purposes other than the activities performed by the company, however, single use thereof for personal purposes may be allowed.

 

7. Bribery and corruption

 

ENG obligation to perform honest activities refers to an obligation to avoid corruption, including bribery, of any type and to comply with the laws on fighting against corruption applicable in every state, in the territory whereof the company performs its activities. ENG has undertaken to perform its activities and dispose of its business affairs in a way for the company to not get involved and encourage corruption of any form. 

ENG Employees will never offer and accept any payments or remunerations, except the cases of normal hospitality, when they are reasonably not treated as such aimed at influencing business-related decisions. 

ENG forbids the Employees from giving, offering, or promising money or valuables, also rendering services, giving presents, or offering recreational events to the individuals working for state authorities, officers, or such other persons, if such actions are aimed at illegally obtaining or maintaining business or such other purposes. 

Assistance and charity is only allowed within the scope of socially responsible activities of the company. ENG takes decisions and performs activities, which may affect the Employees, clients, and partners, also local communities in one way or another, in a responsible manner. Prior to assuming the obligations of any nature, any and all agreements in connection to the assistance shall first of all be coordinated with the manager of ENG.

 

8. Safety and health

 

ENG has undertaken to create and manage safe and harmless working environment. There is no priority higher than security, health protection, and safety of the company’s Employees, clients, suppliers, as well as local communities.

Consistency and proper behavior as well as continuous improvement in these areas are the ultimate goals of the company, which have become an integral part of all business processes and programs.

 

9. Human rights

 

The United Nations General Assembly (UNGA) has adopted and published the Universal Declaration of Human Rights (UDHR). Guiding principles of this international document, which defines the human rights, have been accepted by most of the states. Social and international expectations are reflected in this document.

The following principles are covered:

- Respect for human rights;

- Prohibition of discrimination and harassment;

- Right to privacy;

- Prohibition of slavery;

- Right to honest remuneration for work.

  • ENG supports the defense and protection of human rights.

 

10. Environmental protection

 

In pursuance of our activities, we endeavor to ensure balance between conserving the environment, meeting public needs, and developing corporate business. We hereby undertake to:

  • Comply with the laws and such other acts on the environmental protection;
  • Rationally use material and energy resources; also contribute to sorting waste that is generated on site.