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ELCOM Code of Conduct

 
ELCOM adopts this code as a set of elementary values and attitudes which the company practices in the performance of its business activities. The code addresses conduct which is a reflection of the business ethics ELCOM subscribes to.

 
Compliance with the code of ethics on the part of ELCOM is considered a moral obligation, and informs the behavior and conduct of all its employees. This includes towards the company and fellow employees, customers and other business partners, administration authorities and the public.

 
The code of conduct is not a generally binding legal regulation.
You can also read and download the whole document here.

 

 

Six Key ELCOM Conduct Principles

 
Integrity: doing what is right, by the customers, colleagues and competitors, by the law and by society in general including the environment.

 
Professionalism: having the necessary specialized knowledge required for the work, and demonstrating the competence, accountability and behavior appropriate to achieving the task at hand.

 
Loyalty: loyalty to and protection of the company and its reputation.

 
Respect: respect of each employee for every colleague, regardless of age, religion or nationality, seniority or position. This includes respect for the opinions of others, even if they do not coincide with your own; respect for the personal space and work space of everyone, and for individual

 
Follow the Law: strict compliance with the applicable laws in the country in which the company Of particular concern: political activity, and active or passive corruption.

 
Teamwork: teamwork is a basic principle of work in ELCOM. We place emphasis on team behavior and behavior that involves not only working with colleagues, but also respecting the work of Only a strong team of people is able to create values and move the company forwards.

 

 

Code of conduct regarding Customer relations

 
Honesty and fairness towards ELCOM Customers are the basis for successful and continuous business relationships.

 
Products and service must at all times conform to declared quality parameters and requirements as contained in national and international

 
All deliveries must be on-time, as agreed.

 
In the sales process, ELCOM shall not use any means other than lawfully recognized business

 
Corruption practices of any kind are not permissible.

 
Business relationships must comply with generally binding legal regulations and are documented

 
The Customer’s information is

 

 

Code of Conduct regarding Supplier relations

 
Honesty and integrity form the basis of lasting relationships with ELCOM Suppliers

 
Selection of Suppliers is carried out in accordance with the rules of business competition in the applicable legal

 
In purchasing products, services, the company shall not use any means other than lawfully recognized business methods and shall never abuse its position in the market. The company considers corrupt practices of any kind as impermissible.

 
ELCOM respects all contractual stipulations and payment

 
All information concerning the relations with its Suppliers is regarded by ELCOM as

 

 

Shareholder and other investor relations

 
Acting with honesty, integrity and professionalism are key ingredients in relations with theShareholders and Investors:

 
The company’s annual reports are truthful, exact and

 
The company strives to provide the Investors with yields attractive in the long

 
The company informs its Investors on a regular basis of its business policy, results attained and

 

 

Relations with administrative authorities, municipalities and regional authorities

 
In the course of its business activities, ELCOM recognizes the importance of compliance with the law

 
The company also takes into consideration the interests of wider community, including national and regional

 
The company communicates with administrative authorities with transparency, using truthful information about

 
The company is particular about accurate records, and the timely settlement of its financial obligations towards administrative and municipal

 

 

Relations with Competitors

 
The company contests with its Competitors resolutely but

 
The company shall not impair the reputation of its

 
The company is mindful that in relation with its Competitors, employees should respect the confidential nature of business information, including inside i

 
The company does not and will not try to acquire information on the Competitors’ business activities in an unfair or unlawful

 
The company shall not use restrictive business practices nor in any form abuse its position on the

 

 

Code of Conduct regarding Employees

 
The relations of ELCOM towards its Employees are based on respect for the dignity of individuals.

 
The company employs and promotes Employees on the basis of their qualifications for the given job without any political, racial, religious or national discrimination, regardless of sex, age, status or disabilities not related to given work

 
The company strives to create a safe and hygienic work environment, a positive working atmosphere and favorable conditions for Employees.

 
The company ensures regular rewarding of its Employees for work performed, including on-time payment of wages according to terms Performance is evaluated fairly, regularly and consistently, with constructive feedback.

 
The company does not tolerate sexual, physical or mental harassment of E

 
The company expects that its Employees behave as is appropriate in a professional and commercial environment. Drinking, gambling, guns and similar non-professional activities are strictly forbidden during

 
The company requires that Employees respect the principles of safe work, and respect the determined hours of work as appropriate.

 
Regarding company property, Employees must act with the legitimate interests of the employer in mind, and manage the entrusted property

 
The information gathered by the Employees about the company during the performance of their work shall not be used for personal profit or any purpose other than that it was intended for, nor shall Employees use their positions, or the knowledge gained as a result of their positions, for private or personal

 
Any personal benefit to an Employee or a member of their family gained from the company’s activity must be lawfully

 
In dealing with any labor disputes arising between the company and the Employees, the company prefers negotiation Disputes are settled fairly.

 
The company appreciates Employees’ commitments outside of the workplace and supports Employees in achieving a balance between work and home

 
ELCOM expects that Employees will perform their duties conscientiously, honestly, and according to the best interests of the

 

 

Management, accountability and control of senior management

 
A culture of ethical behavior begins at the top management of the company. All members of ELCOM’s official bodies, managers and executives are expected to act as an example, and

 
to create a respectful and lawful environment and culture within the company,

 
to have a thorough knowledge of the rules and ensure their implementation and compliance in practice,

 
to communicate and ensure employee training, proactively identify issues and risks, and take appropriate preventive measures to minimize

 
to create an environment where employees are not afraid to draw attention to breaches of the Code of Conduct. In case of such an incident, the management shall take appropriate and

 

 

Environment

 
In keeping with its broad view of the key value of integrity, ELCOM is continuously concerned with improving the quality of the environment.

 
The company actively participates in protecting the environment from any negative consequences of its enterprise, and to minimize the impact of the industrial process on the

 
In its business activities, the company respects the standards established in the sphere of waste, emissions, and associated environmental hazards, and actively seeks solutions to environmental problems.

 

 

Business courtesy and anti-bribery corruption

 
Employees must respect anti-corruption regulations in all territories where the company is active.
Activities that could be perceived as corrupting and influencing a third party or partner in order to gain an unjustified advantage for a company or group are forbidden.

 
Employees must respect the rules and regulations for subsidies, tenders and other contracts of state and public It is forbidden in any way to influence the representatives of these institutions in order to obtain an unjustified advantage.

 
Employees of the company cannot give or receive gifts and attention that could be perceived as a bribe or special An exception is corporate gifts of small value with the company logo. Other donations must be tacitly refused.

 
Employees of the company may not, directly or indirectly, offer, give, require or accept bribes to acquire or maintain business

Data Privacy Notice

 
ELCOM complies with the high demands of the General Data Protection Regulation (GDPR) of the European Union.

 
More about how we work with personal data can be found here.

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