This Code of Ethics applies to all Ordica directors, officers and employees, as well as to directors, officers and employees of each subsidiary of Ordica. Such directors, officers and employees are referred to herein collectively as the “Covered Parties”, Ordica and its subsidiaries are referred to herein collectively as “Ordica”. Ordica has and will continue to uphold highest levels of business ethics in all types of transactions. With this Code of Ethics we aim to emphasize the our commitment to ethics and compliance with the law, document the basic standards of ethical and legal behavior, help prevent and detect wrongdoing and provide reporting tools for suspected ethical or legal violations. This Code of Ethics serves only as a rough guide due to the complexity of ethical questions that arise in the course of business.
Conflicts of interest
A conflict of interest exists when a person’s private interest interferes in any way directly or not with the interests of Ordica. As conflicts of interest may not always be obvious, it is advised in case of questions to consult a supervisor or the legal department. Every Covered Party should bring to the attention of the legal department or a supervisor any knowledge of a conflict or potential conflict.
Covered Parties are prohibited from taking for themselves opportunities that are discovered through the use of corporate property, corporate recources or information without the consent of the legal department of Ordica.
Covered Parties shall always act in good faith, with due care, and shall engage only in fair and open competition, by treating ethically competitors, suppliers, customers, and colleagues. No gift should ever be offered or accepted by a Covered Party or any family member of a Covered Party unless it is consistent with customary business practices, is not excessive in value, cannot be construed as a bribe or payoff and does not violate any laws or regulations. The offer or acceptance of cash gifts by any Covered Party is prohibited.
Covered Parties have to maintain the confidentiality of confidential information, except when disclosure is authorized by the legal department of Ordica or required by law. The obligation to preserve confidential information continues even after employment ends.
Protection of Company Assets
All Covered Parties should endeavor to protect Ordica´s assets. Any suspected incident of fraud or theft should be immediately reported for investigation.
Compliance with Laws, Rules and Regulations
Obeying the law, is the foundation on which Ordica´s ethical standards are built. In conducting the business of Ordica, the Covered Parties shall comply with applicable governmental laws, rules and regulations at all levels of government in Switzerland and in any non Swiss jurisdiction in which Ordica does business.
Reporting known or suspected violations
Covered Parties should report to supervisors, managers or other appropriate personnel about known or suspected illegal or unethical behavior. No retaliatory action of any kind will be permitted against anyone making such a report in good faith.