SOCIAL
MANAGEMENT STANDARD
Employment and the Workplace
, Equal Employment Opportunity/Nondiscrimination
We believe that all terms and conditions of employment should
be based on an individual's ability to do the job and not on the
basis of personal characteristics or beliefs. We provide employees
with a working environment free of discrimination, harassment,
intimidation or coercion relating directly or indirectly to race,
religion, sexual orientation, political opinion or disability.
, We do not use any prison, slave, indentured, or
forced labor in the manufacture of any of our products.
, Child Labour
We do not utilize child labor in the production of any product.
We do not employ any person under the age of 15 (or 14 where local
law allows), or the age at which compulsory schooling has ended,
whichever is greater.
, Hours of Labour
, We maintain reasonable employee work hours based on the limits
on regular and overtime hours allowed by local law, or where local
law does not limit the hours of work, the regular work week. Overtime,
when necessary, is fully compensated according to local law, or
at a rate at least equal to the regular hourly compensation rate
if there is no legally prescribed premium rate. Employees are
permitted reasonable days off (at least one day off in every seven-day
period) and leave privileges.
, Coercion and Harassment
, We acknowledge the value of our staff and treat each employee
with dignity and respect. We do not use cruel and unusual disciplinary
practices such as threats of violence or other forms of physical,
sexual, psychological or verbal harassment or abuse.
, Compensation
, We fairly compensate our employees by complying with all applicable
laws, including minimum wage laws, or the prevailing local industry
wage, whichever is higher.
, Health and Safety
, We maintain a safe, clean and healthy environment in compliance
with all applicable laws and regulations. We provide adequate
medical facilities, clean restrooms, reasonable access to potable
water, well lit and ventilated workstations, and protection from
hazardous materials or conditions. The same standards of health
and safety are applied in any housing we provide for our employees.
Concern for the Environment
We believe it is our duty to protect the environment and we do
this by complying with all applicable environmental laws and regulations.
Ethical Business Practices
, Sensitive Transactions
, It is our policy to prohibit employees from entering into sensitive
transactions -- business dealings generally considered to be either
illegal, immoral, unethical or to reflect adversely on the integrity
of the Company. These transactions usually come in the form of
bribes, kickbacks, gifts of significant value or payoffs made
to favorably influence some decision affecting a company's business
or for personal gain of an individual.
, Commercial Bribery We prohibit employees from receiving, directly
or indirectly, anything of value in return for using or agreeing
to use his or her position for the benefit of that other person.
Similarly, commercial bribes, kickbacks, gratuities and other
payoffs and benefits paid to any customer are prohibited. However,
this does not include expenditures of reasonable amount for meals
and entertainment of customers if they are otherwise lawful, and
should be included on expense reports and approved under standard
Company procedures.
, Accounting Controls, Procedures and Records
, We accurately keep books and records of all transactions and
the dispositions of our assets as required by law, as well as
maintain a system of internal accounting controls to ensure the
reliability and adequacy of our books and records. We ensure only
transactions with proper management approval are accounted for
in our books and records.
, Use and Disclosure of Inside Information
, We strictly prohibit disclosure of material inside information
to persons within the company whose positions deny access to such
information. Inside information is any data that has not been
publicly disclosed.
, Confidential or Proprietary Information
We take extra care to keep our customers' trust and confidence
in us. Thus, we prohibit employees from disclosing confidential
or proprietary information outside the Company that could be harmful
to our clients, or to the Company itself. Such information may
only be shared with other employees on a need-to-know basis.
, Conflicts of Interest We designed our policy to eliminate conflicts
between the interests of employees and the Company. Since it is
difficult to define what constitutes a conflict of interest, employees
should be sensitive to situations which could raise questions
of potential or apparent conflicts between personal interests
and the Company's interests. Personal use of Company property
or obtaining Company services for personal benefit may constitute
a conflict of interest.
,
, Fraud and Similar Irregularities We strictly prohibit any fraudulent
activity that might injure our customers and suppliers, as well
as the Company. We follow certain procedures concerning the recognition,
reporting and investigation of any such activity.
Monitoring and Compliance
We adopt a third-party monitoring program to confirm the Company's
compliance with this Code of Conduct. Monitoring activities may
include announced and unannounced on-site factory inspection,
review of books and records relating to employment matters, and
private interviews with employees.
We designate one or more of our officers to inspect
and certify that the company's Code of Conduct is being observed.
Records of this certification shall be accessible to our employees,
agents, or third parties upon request.
VERTEX