We recognize that while we are accountable to our shareholders we take into account the interests of all including our employees, customers, suppliers and subcontractors, temporary and agency staff and the ,wider community and environment within the countries in which we operate.
Our Code of Ethical Conduct combined with our rules of corporate governance and our policies provide the framework for our corporate operations. This set of standards describes the behavior we expect in our relationships with our customers, shareholders, employees, subcontractors, suppliersand third parties.
K. Liaromatis S.A conducts its business in a framework of relevant laws, regulations and internal policies & provides high quality products and services that have been agreed. Respect confidential and proprietary information.
To establish a Code of Ethical Conduct that further promotes ethics, honesty, transparency andprofessionalism throughout our Company. We adhere to our Code of Ethical Conduct with allStakeholders as well as local and international commitments and law.
We respect local and international commitments, law and regulations and act with a high sense of ethics. Weacknowledge our obligation to operate safely, protect the environment and support local communities. We invest and actively contribute to the well-being of people, whether they are inside or outside the Company.
We are proud and take personal responsibility to deliver results of high standards, while building long termrelationships with our customers and suppliers. We focus on health & safety and we provide a working environment that empowers our people to be productive, result-oriented as well as manage their personal development with passion and integrity.
We focus on delivering results of high standards to our customers in an efficient and reliable way. We are decisive and adopt a can-do attitude in order to maximize productivity and business excellence.
We believe in technical expertise in order to constantly deliver high quality and value-added solutions. We develop a learning environment, technological advanced with a state-of-the-art equipment & know-how while promoting innovative thinking, keeping the Company ahead of the competition.
We feel proud by being cooperative and working collaboratively, thus supporting each other towards commongoals, whether one is a team member or a team leader. We choose to be part of a team and to solicit and utilizethe skills, ideas and opinions of all team members. We act in favor of the Company and feel collectively responsible.
We act with fairness and transparency in all our relationships. We acknowledge people’s personality with skills and place them where they can best contribute and be recognized. We focus on saying and doing things withconsistency and integrity.
We conduct business with integrity and believe our business growth and success should rest on the excellence of our products and services. Any type of corrupt practices is absolutely prohibited throughout our operations. We cannot tolerate corruption, money laundering or other illegal or unethical business activity. Our performance and competitiveness are strengthened solely through lawful conduct.
We do not tolerate money laundering or illicit finance and comply with all relevant laws and regulations in every jurisdiction where we conduct business. We undertake the international battle against money laundering and adopt applicable measures to comply with the relevant provisions.
When it comes to gratuities in the form of gifts or invitations, we strictly ensure that no appearance of dishonestyor incorrect behavior can arise. We do not tolerate gratuities that can raise doubt about our integrity or appearto influence business decisions.
In compliance with the anti-corruption and anti-bribery Greek law, K. Liaromatis S.A does not tolerate any form of bribery among employees, business partners or any business practice that could create the impressionof improper influence.
We are determined to maintain a culture of honesty and opposition to fraud and corruption and, thus, we are committed to set out the ways in which employees or other stakeholders can voice their concerns aboutsuspected fraud or corruption.
Management establishes implements and monitors the appropriate functions, mechanisms, policies, procedures and controls designedto assess, prevent and remediate fraud and fraudulent behavior.
All employees, officers, directors and other persons acting on behalf of the Company are expected to comply with the laws, rules and governmental regulations that apply to its businesses and to adhere to the standards and restrictions they impose. All employees are personally responsible for upholding the law and adhering to internal guidelines in their working environment. Company’s top priority is to respect statutory provisions and internal guidelines, as well as to ensure the resulting lawful and correct behavior. In cases of conflict between law and the principles contained in this code, the law shall prevail.
Employees and members of the Board of Directors of the Company shall conduct their private and other external activities and financial interests in a manner that does not conflict or appear to conflict with the interests of K. Liaromatis S.A.
Should such a conflict of interest arise, it must be reported immediately by the person subject conflict to his/her immediate supervisor. Moreover, all employees should disclose to a supervisor any relationship with persons or firms with whom K. Liaromatis S.A does business which might give rise to a conflict of interest. Such relations include a relationship by blood or marriage, partnership or investment.
The Company’s dealings with its business partners are characterized by fairness. K. Liaromatis S.A shall not offer customers, potential customers, governments & agencies, or any representatives of such entities, any rewards or benefits in violation of either applicable laws or reasonable and generally accepted business practices.
We also expect our business partners to adhere to the law, generally accepted standards of social responsibility and our basic principles of integrity.
Any confidential information, trade secrets or other proprietary information about our companies, contracts, projects, financial position, customers, suppliers and partners, must be treated as Confidential Information. Such information shall not be disclosed to persons or organizations outside the Company nor disclosed to employees without proper authority.
Our employees are required for the duration of their employment with K. Liaromatis S.A and after termination of such employment not to disclose confidential information to any third party.
Insider information must be treated with strict confidentiality. It must not be made available to third parties.
The availability and integrity of our IT systems is fundamental. Personal and business-related data is protected against unauthorized access, loss, or manipulation using all of the technical and organizational means available. This is performed in to consideration of applicable National law.
Employees are required to handle Company property in a responsible manner and to protect K. Liaromatis S.A assets against loss, damage, theft, abuse and unauthorized use. Employees are also required to respect the physical and intangible assets of our business partners.
We are committed to free enterprise and fair competition. Our competitive position is based solely on our business success factors, especially our innovative strength, quality, efficiency, reliability and fairness. Therefore, we must comply with antitrust laws when dealing with our competitors, business partners and customers.
All our employees are obliged to comply with the requirements of antitrust and competition laws. K. Liaromatis S.A bans any behavior that is aimed at, or results in, the hindrance, restriction, or distortion of free and fair competition.
We respect and support internationally recognized human rights. Within its sphere of influence, K. Liaromatis S.A supports and respects the protection of internationally proclaimed human rights and ensures that it is not complicit in human rights abuses. This includes the prevention of child and forced labor, adherence to the principles of non-discrimination in the workplace, the right of freedom of association & assembly and the right to collective bargaining.
K. Liaromatis S.A hires, assesses and manages in a manner that does not discriminate with regard to gender, race, religion, age, disability, sexual orientation, nationality, political opinion, union affiliation, social or ethnic origin.
Workplace diversity at all levels is encouraged.
We do not tolerate any discrimination of race, gender, religion, age, nationality, social or ethnic origin, disability, belief, sexual orientation, or political and trade union engagement.
These principles apply to the recruitment of new employees, to employees with an employment contract and to the professional promotion of our employees. The only decisive factors of employment are performance, experience, personality, efficiency, skills and qualifications.
We reject any form of forced labor and child labor. All work performed in K. Liaromatis S.A must be voluntary. No form of forced, compulsory or child labor is tolerated at K. Liaromatis S.A. The minimum employment age is 18.
We work together toward solutions that benefit our business and our stakeholders. Harassment (including all forms of sexual harassment and harassment based on other legally protected categories), bullying, rude or disrespectful behavior and lewd comments are not allowed, and K. Liaromatis S.A prohibits any acts or threats of violence while conducting business on or off Company property.
K. Liaromatis S.A secures that all employees and business partners working at the Company’s facilities are provided with a healthy and safe working environment in accordance to internationally recognized standards (OHSAS 18001).
The Company controls hazards and takes all necessary precautionary measures against accidents and occupational diseases. All workers are systematically provided with proper and regular training to ensure that they are adequately educated on health and safety issues.
Our goals are to minimize environmental impact, continuously improve our environmental performance and promote environmental responsibility in our culture.
The Company takes a precautionary approach towards environmental challenges by undertaking initiatives to promote greater environmental responsibility, by encouraging the development and incorporation of environmentally friendly technologies.
The Company acts and is certified in accordance to internationally recognized environmental standards (ISO 14001). We routinely audit, follow up and report on the Company’s environmental performance, with particular emphasis on evaluating the potential risks of existing and future products and operations.
The integrity of financial reporting is crucial to ensure the proper management of the Company as well as fair and accurate financial disclosures. All financial transactions by the Company are always reported in accordance with generally accepted accounting practices, and accounting records show the nature of all transactions in a correct and non-misleading manner. K. Liaromatis S.A provides disclosure that is transparent, truthful, relevant, comprehensive and timely.
Both internal and external data acquisition, records, and reports must be truthful, correct, and complete. We expect our employees and officers who prepare accounting records to exercise the utmost care in all processes as well as to observe international standards. This particularly includes complying with generally accepted accounting principles.
It is the responsibility of K. Liaromatis S.A managers to communicate and demonstrate the content as well as the spirit of this document within their business units, and to encourage employees to reveal behavior that may be noncompliant with these principles. Explicit or implicit approval of questionable actions will not be tolerated.
All employees have the right to draw their supervisor’s attention to circumstances that appear to indicate a violation of the Code of Ethics. Managers or members of the Board of Directors should consult directly with the Audit Committee when such as indication appears.
The above notification may also be made anonymously in accordance with the relevant policies and procedures in place. Audit Committee receives all reports related to violations of this Code. Persons reporting violations in good faith will not be subject to retaliation. Reports shall be investigated and, where appropriate, remedial and enforcement action shall be taken.
Employees are encouraged to raise any concerns regarding violations in the implementation of this policy, including harassment, intimidation or discriminatory behavior to employees, serious health and safetyrisks that could threaten the health and safety of employees, the general public or customers.
Each operating unit is responsible for compliance with the provisions of this Code of Ethics,as well as with other internal regulations within its area of responsibility. Internal Audit Function has the unrestricted right to receive information and to conduct audits, unless legal stipulations or works agreements require otherwise.
This Code of Ethics has been adopted by the Board of Directors of K. Liaromatis S.A and can only be amended or waived by the Board.
Any amendments or waivers shall be accordingly disclosed.
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