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Mabey Group Code of Ethics
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We recognise 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.
Framework of core business values:
1 Ethical Conduct
- seek to be honest and fair in our relationships with our customers
- provide the standards of products and services that have been agreed
- take all reasonable steps to ensure the safety and quality of the goods and services we provide
- seek to be honest and fair in our relationships with our suppliers and subcontractors
- have a policy not to offer, give or accept bribes, excess hospitality or substantial favours
- pay suppliers and subcontractors in accordance with agreed terms
- co-operate with customers and suppliers to increase quality and efficiency
- encourage suppliers and subcontractors to abide by the principles of this Code
2 Care for well being of employees
- provide clear and fair terms of employment
- provide clean, healthy, safe and secure conditions
- have a fair remuneration policy everywhere we operate
- strive for equal opportunities for all present and potential employees, temporary or agency staff
and contractors
- encourage employees to develop skills and progress in their careers on fair assessment of performance
and potential
- do not tolerate any sexual, physical or mental harassment including bullying or any other type of
harassment of our employees, temporary or agency staff and contractors
- do not discriminate on grounds of colour race, ethnic origin, gender, age, religion, political or
other opinion or beliefs, disability or sexual orientation
- do not employ underage staff or forced labour
- respect human rights within our responsibility and contractual obligations
3 Social responsibility to the community
- respect the laws, culture, and international treaties of the home and overseas markets we serve
- aim to make the communities in which we work better places to live and do business
- aim to be sensitive to the local community’s cultural, social and economic needs
- refrain from making company resources available to terrorists or rebels for political tribal and armed conflict
4 Respect for the environment
- protect the environment with sound stewardship and practices
5 Responsibility to shareholders and other suppliers of finance
- financially accountable to our shareholders
- maintain accurate records and prepare true and fair reports in line with reporting requirements
- communicate to shareholders all matters that are material to an understanding of the future prospects of the organisation
- aim to protect shareholders’ funds, manage risks and ensure that funds are used as agreed
Board Statement
Mabey is committed to conducting its business responsibly and in accordance with the law and regulations.
All employees and agents acting on behalf of Mabey are expected to follow this Code. There are no exceptions.
There are detailed policies and codes of conduct which reflect Mabey’s position regarding each employee’s
responsibility for helping preserve our reputation and to maintain compliance with applicable laws. However
these cannot address every issue which may arise. Each of us has an obligation to familiarise ourselves with
applicable laws, company policies and practices, and to act responsibly, including taking advice if there is
doubt on the appropriate course of action. All employees must take action to report potential or apparent
violations of law, this Code, or any incident of questionable conduct to either their line manager, direct
or or the Group Compliance Officer.
Likewise, questions concerning responsible or legal conduct will inevitably arise in the normal course of
business. It is the responsibility of each employee to contact their line manager, director or the Group
Compliance Officer before taking any action that may have legal consequences for the company or damage its
reputation.
D G MABEY
Chairman, Mabey Holdings Limited
29 June 2005
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