Code of Ethics
- Home
- Code of Ethics
The companies within the MSM GROUP comply with all enerally binding legal regulations and other standards relating to corporate governance and control. We expect our business partners to adhere to the same standards of ethical and honest business conduct and do not tolerate any form of corruption or other violations of applicable laws and regulations.
The Group has adopted the MSM GROUP Code of Ethics, which is an expression of the required attitudes and standards of conduct of its employees that reflect the Company’s core values. The Code of Ethics is binding on all employees of the Company. The application by all employees of the principles defined in the Code of Ethics, the Compliance Program and the Company’s values is an integral part of the transparent conduct of the Company’s business activities in compliance with generally applicable laws, other relevant norms and standards and the company´s social responsibility commitments.
The MSM GROUP Code of Ethics sets out, among other things, the rules for relations with customers, suppliers and state and public institutions. Feedback on compliance with the principles set out in the Code of Ethics, as well as employee suggestions regarding anti-social activities, is provided 24 hours a day by the MSM Ethics Hotline.
Employees of MSM GROUP companies performs their duties and responsibilities in accordance with the Constitution of the Slovak Republic, aplicable laws and regulations, internal employer policies, their job decriptions, and the interests of the employer. Employees of MSM GROUP companies must never act in a conflict on interest.
We Do Not Tolerate Discrimination and We Create Fair Working Conditions
We guarantee equal opportunities and the safety and health of our employees are among our highest priorities.
We strictly reject and prohibit any form of corrupt conduct by our employees. Such behaviour is not tolerated. Through the Compliance Programm, we assess whether proven cases of corruption are associated with external partners of MSM GROUP companies and take such information into account when making business desicions.
Employees of MSM GROUP companies shall never allow themselves to be placed in a position where, in connection with the performance of their duties, they feel obliged to return a favor or benefit received, or where their impartiality and independence in decision making could be compromised.
The provision of sponsorship contributions that are tied to any business opportunity in either the public or private sector is prohibited. The purpose of sponsorship by MSM GROUP companies is to support education (particularly technical education), sports, culture, and the non-profit sector, speciallly in the regions where MSM GROUP companies operate.
Prudent business takes precedence over profit. We make great efforts to prevent the laundering of proceeds of crime and the financing of terrorism. We adhere to the “Know Your Customer – KYC” principles and conduct business only with trusted business partners whose income is derived from legitimate sources, in accordance with the rules set by the MSM GROUP Compliance Program.
We ensure that our dealings with individuals, legal entities and specific goods do not violate international or domestic sanctions, embargoes or anti-money laundering regulations.
We are aware of the potential impact of our business on the environment and therefore strive to protect it. We prioritize environmentally friendly technologies, do not participate in projects may threaten the environment, and when selecting supplier´s products and services when selecting business partners.
In the event of a reasonable suspicion of conduct that is grossly unethical, disruptive to workplace safety, environmental protection or damaging to the reputation of MSM GROUP companies, an employee has the opportunity to report such situations through the MSM GROUP Ethics Hotline.
The Ethics Hotline of MSM GROUP s.r.o., is an effective tool and a trustworthy way for whistleblowers to report anti-social activities.
The procedure for filing and verifying the notification is defined in the issued organizational directive and in accordance with Act No. 54/2019 Coll. on the protection of whistleblowers of antisocial activities.
The Ethics Hotline is not intended for reporting emergency situations (accidents, fires, etc. falling within the competence of the police, firefighters and rescue services)or for solving problems within the normal operation of the organisation.
Reporting Channels
MSM GROUP has established the following channels for employees of group companies, as well as third parties who witness violations of the above rules, to submit reports:
MSM Reporting channel:
For the purpose of maitaining records of reports, the employer is authorized to process the personal data provided in the report to the extent of the whistleblower´s name, surname and residential adress.