Code of business principles Cheminova’s code of business principles describes the company norms to which all the company’s employees conform no matter where in the world they are. The code supports our approach to governance and corporate responsibility. 1. Standard of conduct Cheminova conducts its operations with professionalism and openness and with respect for the human rights and the interests of its employees. 2. Legislative compliance Cheminova’s companies and employees are required to comply with the laws and regulations of the countries in which they operate. 3. Management All the Cheminova group’s companies and departments are independently managed under Cheminova’s regional structure and global functions. It is the responsibility of Cheminova’s Board of Executives to ensure that each company and each department is managed in accordance with the group’s code of business principles. 4. Employees Cheminova is committed to a working environment based on mutual trust and respect in which everyone takes responsibility for the performance and reputation of the company. Cheminova recruits, employs and promotes employees solely on the basis of the qualifications and skills required for the work to be performed. The company is committed to safe and healthy working conditions for all employees. The company does not use involuntary labour, forced labour or child labour. Cheminova respects the dignity of the individual and the employees’ right to freedom of association. The company endeavours to ensure good communication and good working relations. 5. Customers, distribution and consumers Cheminova continuously strives to comply with FAO’s code of conduct and the principles of responsible care in relation to the distribution and use of pesticides. It is furthermore ensured that each Cheminova company is a member of a local/regional industrial organisation which, among other things, is involved in product stewardship. In addition, all Cheminova companies have product stewardship as an integrated part of their marketing programmes and, moreover, participate together with other stakeholders in risk-limiting activities. 6. Shareholders in the publicly listed holding company Auriga Industries A/S Cheminova operates in accordance with internationally accepted principles of good corporate governance. The company will submit timely, regular and reliable information to shareholders on activities, organisational structure, the financial situation and performance, as well as objectives and strategy. 7. Suppliers Cheminova will ensure a mutually beneficial relationship with suppliers and will formalise the expectations of the suppliers in a separate code. 8. Other business relations and partners (including joint ventures) It is important to Cheminova that its business relations and partners comply with ethical standards, and the company will endeavour to ensure such compliance both when entering into agreements and in the ongoing cooperation. 9. The environment Environmental impacts are an important factor in connection with the manufacture and sale of chemicals. Responsible behaviour in this area is highly important to Cheminova, which entails that the company strives for continuous improvements in the area. 10. Competition Cheminova believes in free competition and fully endorses the OECD’s guidelines for competition.
11. Business integrity Cheminova does not, directly or indirectly, receive or offer bribes or other improper advantages in order to achieve business or financial gain. Any demand for or offer of a bribe must be rejected immediately and reported to the management. Employees must not offer, give or receive gifts to a value exceeding locally acceptable triviality limits. 12. Conflicts of interest All Cheminova employees are expected to avoid per¬sonal activities or financial interests that could conflict with their responsibilities towards the company. Chemi¬nova employees must not attempt to gain benefits for themselves or others through misuse of their position.
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