The following provisions of the code cover topics all of which are important for living our values and ensuring performance with integrity:
It is the policy of GNCC Capital, Inc. and the responsibility of every employee to comply with the laws, regulations, standards and directives that are applicable to our business and activities in all countries in which we have a presence. We should not engage in or condone any illegal act, nor instruct or induce others to do so or obstruct the course of justice. Compliance with all relevant laws, regulations, rules and standards is critical to GNCC Capital, Inc.'s success and long-term sustainability. Non-compliance could place our company at the risk of legal and financial penalties, reputational damage, civil actions and criminal prosecutions. Non-compliance could also place the company at the risk of loss, restrictions or suspensions of licenses and permits and, in addition, jeopardize the company's market value and position.
Agents, consultants and other non-employees cannot be used to circumvent the law. Only qualified individuals and reputable and credible entities should be engaged as consultants and agents and their fees and charges must be reasonable in the light of the services they provide. Entities and individuals who are not willing to uphold the standards and values of the company are not to be engaged or retained. The perception of our actions by others is important and we must avoid conducting ourselves in ways that may serve to create impressions of unlawful or unethical conduct.
When in doubt, please seek clarification and guidance from your manager and/or legal counsel. Should laws, regulations, standards and codes be non-existent or inadequate in a particular jurisdiction, the company will apply standards that are in line with this code and other applicable policies, principles and procedures of the company or available international standards. To the extent possible and reasonable, we should conduct our activities in a manner that is respectful and sensitive to the customs, traditions and values of host communities.
We will fully, accurately and in a timely and verifiable manner, consistently disclose material information about the company and its performance. This will be done in a readily understandable language within the organization and to appropriate regulators, our stakeholders and the public in line with the company's disclosure policy.
The company may make donations to political parties in countries in which it operates, in line with the company's policy on political donations but subject to legality in each jurisdiction. The purpose of such donations will be to promote multi-party democracy, public scrutiny of policy and law-making and the exercise of executive power but not to advance the company's business interests. Decisions on the distribution of donations will be made according to transparent criteria and subject to authorization by the company's board of directors. Donations made will be declared in the annual report. In no event should the company's assets, facilities, money, name, logo or premises be used in any manner, directly or indirectly, to support or promote a political party, political activity, political candidate or elected official unless specifically authorized.
Charitable donations and payments to agents are not to be used as a substitute for political payments and no employee shall use his/her position in the company to influence the payment of benefits and contributions for political purposes. We must make it clear if we happen to engage in personal political activity, that we do not thereby represent or act on the authority of GNCC Capital, Inc.
To the extent possible and reasonable, we should conduct our activities in a manner that is respectful and sensitive to the customs, traditions and values of host communities. We will fully, accurately and in a timely and verifiable manner, consistently disclose material information about the company and its performance. This will be done in a readily understandable language within the organization and to appropriate regulators, our stakeholders and the public in line with the company's disclosure policy. The company may make donations to political parties in countries in which it operates, in line with the company's policy on political donations but subject to legality in each jurisdiction. The purpose of such donations will be to promote multi-party democracy, public scrutiny of policy and law-making and the exercise of executive power but not to advance the company's business interests. Decisions on the distribution of donations will be made according to transparent criteria and subject to authorization by the company's board of directors. Donations made will be declared in the annual report. In no event should the company's assets, facilities, money, name, logo or premises be used in any manner, directly or indirectly, to support or promote a political party, political activity, political candidate or elected official unless specifically authorized. Charitable donations and payments to agents are not to be used as a substitute for political payments and no employee shall use his/her position in the company to influence the payment of benefits and contributions for political purposes.
We must make it clear if we happen to engage in personal political activity, that we do not thereby represent or act on the authority of GNCC Capital, Inc.