Introduction Since its founding, MLK Food & Beverage consulting c.c, business practices have been governed by integrity, honesty, fair dealing and full compliance with all applicable Laws. Employees have upheld and lived this commitment in their every day responsibilities ever since, and reputation remains one of the Company’s most important Assets today. The MLK Food & Beverage consulting c.c Corporate Business Principles prescribe certain values and principles which MLK Food & Beverage consulting c.c has committed to worldwide. This Code of Business Conduct specifies and helps the continued implementation of the Corporate Business Principles by establishing certain non negotiable minimum standards of behaviour in key areas. The nature of this Code is not meant to cover all possible situations that may occur. It is designed to provide a frame of reference against which to measure any activities. Employees should seek guidance when they are in doubt about the proper course of action in a given situation, as it is the ultimate responsibility of each employee to “do the right thing”, a responsibility that cannot be delegated. Employees should always be guided by the following basic principles:
For the purposes of this Code, references to “employees”
include employees, associates, Compliance with laws, rules and regulations We respect the law at all times MLK Food & Beverage consulting c.c and its employees are bound by the law. Compliance with all applicable laws and regulations must never be compromised. Additionally, employees shall adhere to internal rules and regulations as they apply in a given situation. Those internal rules are specific to the Company and may go beyond what is required by the law Conflicts of Interest We will always act in the best interests of MLK Food & Beverage consulting c.c A Conflict of Interest occurs when personal interests of an employee or the interests of a third party compete with the interests of MLK Food & Beverage consulting c.c. In such a situation, it can be difficult for the employee to act fully in the best interests of MLK Food & Beverage consulting c.c. Employees shall avoid Conflicts of Interest whenever possible. If a Conflict of Interest situation has occurred or if an employee faces a situation that may involve or lead to a Conflict of Interest, the employee shall disclose it to his or her Line Manager to resolve the situation in a fair and transparent manner Outside directorships and other outside activities We take pride in MLK Food & Beverage consulting and consider Food & Beverage consulting best interests also in our outside engagement and activities
Outside of
MLK Food & Beverage consulting c.c,
no activities shall be pursued if such activities will
interfere with the employee’s responsibilities for
MLK Food & Beverage consulting c.c,
or if they create risks for
MLK Food & Beverage consulting c.c
reputation or if they in any other way conflict with the
interests of
MLK Food & Beverage consulting c.c.
When in doubt about the permissibility of an activity,
employees shall consult with the Line Manager. Families and Relatives Our hiring and people development decisions will be fair and objective Immediate family members and partners of employees may be hired as employees or consultants only if the appointment is based on qualifications, performance, skills and experience and provided that there is no direct or indirect reporting relationship between the employee and his or her relative or partner. These principles of fair employment will apply to all aspects of the employment, including compensation, promotions and transfers, as well as in case that the relationship develops after the respective employee has joined the Company. Provided that they are equally suited as other candidates, priority may be given to children of MLK Food & Beverage consulting c.c employees with respect to internships, training periods, employment during holidays and similar short-term assignments. Corporate opportunities We are committed to advance MLK Food & Beverage consulting c.c business Employees shall not compete with the Company. Nor shall they take personal advantage of business opportunities that they discover during the course of their employment, unless the Company expressly waives its interest in pursuing such opportunity. If employees want to pursue business opportunities that might be of interest to the Company, they shall inform their Line Manager who will seek a management decision as to whether or not the Company wants to pursue the opportunity. Even if the Company decides against pursuing the opportunity, the employee may seize the opportunity on his or her own behalf only if it is clear that doing so will not result in direct or indirect competition with the Company’s operations. Insider trading We respect and follow the Insider Trading Rules when buying or selling MLK Food & Beverage consulting c.c securities MLK Food & Beverage consulting c.c prohibits the purchase and sale of MLK Food & Beverage consulting c.c shares or securities on the basis of potentially share price relevant information which is not yet public. Non-compliance may not only entail disciplinary sanctions, but also result in criminal charges. When in doubt regarding the interpretation or applicability of MLK Food & Beverage consulting c.c ’s insider trading rules, employees shall consult with the Legal or Compliance Function. Antitrust and fair dealing We believe in the importance of free competition
MLK Food & Beverage consulting c.c is prepared to compete
successfully in today’s business environment and will always
do so in full compliance with all applicable antitrust,
competition and fair dealing laws. Therefore, employees must
at all times adhere to the following rules: Confidential information We value and protect our confidential information and we respect the confidential information of others Confidential information consists of any information that is not or not yet public information. It includes trade secrets, business, marketing and service plans, consumer insights, engineering and manufacturing ideas, product recipes, designs, databases, records, salary information and any non-published financial or other data. MLK Food & Beverage consulting c.c ’s continued success depends on the use of its confidential information and its nondisclosure to third parties. Unless required by law or authorized by their management, employees shall not disclose confidential information or allow such disclosure. This obligation continues beyond the termination of employment. Furthermore, employees must use best efforts to avoid unintentional disclosure by applying special care when storing or transmitting confidential information. MLK Food & Beverage consulting c.c respects that third parties have a similar interest in protecting their confidential information. In case those third parties, such as joint venture partners, suppliers or customers, share with MLK Food & Beverage consulting c.c confidential information, such information shall be treated with the same care as if it was MLK Food & Beverage consulting c.c ’s confidential information. In that same spirit, employees shall protect confidential information that they have obtained in the course of their prior employment. Fraud, protection of company assets, Accounting We insist on honesty and we respect the Company’s assets and property Employees must never engage in fraudulent or any other dishonest conduct involving the property or assets or the financial reporting and accounting of MLK Food & Beverage consulting c.c or any third party. This may not only entail disciplinary sanctions but also result in criminal charges. MLK Food & Beverage consulting c.c financial records are the basis for managing the Company’s business and fulfilling its obligations to various stakeholders. Therefore, any financial record must be accurate and in line with MLK Food & Beverage consulting c.c accounting standards. Employees shall safeguard and make only proper and efficient use of MLK Food & Beverage consulting c.c property. All employees shall seek to protect MLK Food & Beverage consulting c.c property from loss, damage, misuse, theft, fraud, embezzlement and destruction. These obligations cover both tangible and intangible assets, including trademarks, know-how, confidential or proprietary information and information systems. To the extent permitted under applicable law, the Company reserves the right to monitor and inspect how its assets are used by employees, including inspection of all e-mail, data and files kept on Company network terminals. Bribery and corruption We condemn any form of bribery and corruption Employees must never, directly or through intermediaries, offer or promise any personal or Improper financial or other advantage in order to obtain or retain a business or other advantage from a third party, whether public or private. Nor must they accept any such advantage in return for any preferential treatment of a third party. Moreover, employees must refrain from any activity or behaviour that could give rise to the appearance or suspicion of such conduct or the attempt thereof. Employees should be aware that the offering or giving of improper benefits in order to influence the decision of the recipient, even if he or she is not a government official, may not only entail disciplinary sanctions but also result in criminal charges. Improper benefits may consist of anything of value for the recipient, including employment or consultancy contracts for closely related parties. Gifts, meals, entertainment We compete and do business based only on quality and competence Employees shall not be influenced by receiving favours nor shall they try to improperly influence others by providing favours. Employees may only offer or accept reasonable meals and symbolic gifts which are appropriate under the circumstances, and they shall not accept or offer gifts, meals, or entertainment if such behaviour could create the impression of improperly influencing the respective business relationship. When assessing the situation in light of the above, employees shall consult the policy applicable in their Market. If no such policy is available, they shall apply the most restrictive local practice in order to avoid even the appearance of improper dealings. When in doubt, the employee shall seek guidance from his or her Line Manager or the Legal or Compliance Function. No employee shall offer to or accept from any third party gifts taking the form of any of the following, whatever the value involved:
– money Discrimination and harassment We embrace diversity and respect the personal dignity of our fellow employees MLK Food & Beverage consulting c.c respects the personal dignity, privacy and personal rights of every employee and is committed to maintaining a workplace free from discrimination and harassment. Therefore, employees must not discriminate on the basis of origin, nationality, religion, race, gender, age or sexual orientation, or engage in any kind of verbal or physical harassment based on any of the above or any other reason. Employees who feel that their workplace does not comply with the above principles are encouraged to raise their concerns with the HR Department. Failure to comply We will consult the Code, comply with its provisions and seek guidance where needed It is each employee’s responsibility to ensure full compliance with all provisions of this Code and to seek guidance where necessary from their Line Manager. To “do the right thing” and to ensure the highest standards of integrity is each employee’s personal responsibility that cannot be delegated. When in doubt, employees should always be guided by the basic principles stated in the introduction to this Code. Any failure to comply with this Code may result in disciplinary action, including the possibility of dismissal and, if warranted, legal proceedings or criminal sanctions. Reporting illegal or non-compliant conduct We take responsibility for ensuring that we all act with integrity in all situations Employees shall report any practices or actions believed to be inappropriate under this Code or even illegal to their Line Managers or the appropriate members of the HR or the Legal or Compliance function. If it is appropriate, in view of the nature of the reported matter, reports of violations may be made directly to higher levels including the Companies Chief Executive Officer. Where appropriate, complaints may be made on a confidential basis. All complaints shall be properly investigated. MLK Food & Beverage consulting c.c prohibits retaliation against any employee for such reports made in good faith, while it also protects the rights of the incriminated person. By Order by the Management of MLK Food & Beverage Consulting c.c. |