Code of Conduct
We Are Committed Individuals
1.1. Human Rights
VTXRM respects human rights as a fundamental principle of ethical and sustainable business. The company is committed to international agreements including the International Bill of Human Rights and the ILO core labor standards, following the UN Guiding Principles on Business and Human Rights. All employees are expected to be vigilant and report any human rights violations they observe.
1.2. Ethical Leadership
Leaders must act based on corporate values, fairness, transparency, and integrity. Personal relationships at work must not influence decisions. Leadership by example strengthens trust and supports responsible behavior across the organization.
1.3. Diversity, Equal Opportunities, and Equal Participation
VTXRM fosters a diverse, inclusive, and non-discriminatory workplace, selecting and developing employees based solely on their qualifications and skills. Discrimination of any kind is not tolerated.
1.4. Speak Up
Employees are encouraged to report misconduct or any behavior that does not feel right. This open culture promotes integrity, learning from mistakes, and continuous improvement.
1.5. Employee Representation
The company supports the right to unionize and work constructively with employee representatives. VTXRM values cooperative conflict resolution and social dialogue.
We Are Reliable Colleagues
2.1. Occupational Health and Safety
VTXRM prioritizes the safety and physical/mental well-being of all employees. Everyone must comply with safety policies, attend training, and report unsafe conditions.
2.2. Handling Company Assets
Company resources, both tangible and intangible, must be used responsibly and only for business purposes unless internal guidelines permit personal use.
2.3. Security and Protection of Information
Sensitive information, know-how, and intellectual property must be protected. Employees should avoid disclosing confidential data and follow secure practices.
We Are Responsible Partners
3.1. Conflicts of Interest
Employees must avoid any situation where personal interests may conflict with company responsibilities. Any potential conflict must be disclosed to HR or Compliance.
3.2. Benefits
Gifts or invitations may only be accepted if appropriate and in line with internal policies. Special care is needed during procurement or tender processes.
3.3. Prohibition of Corruption
Corruption, including bribery and facilitation payments, is strictly prohibited. All business interactions must comply with anti-corruption laws and internal policies.
3.4. Money Laundering and Terrorism Financing
The company performs due diligence on all business partners. Employees must be alert to suspicious behavior and ensure transparent financial transactions.
3.5. Fair and Free Competition
VTXRM complies with antitrust laws and avoids any anti-competitive practices. This includes price-fixing, market sharing, or misuse of a dominant market position.
3.6. Business Partners, Procurement, and Sales
Suppliers and partners must be chosen based on objective criteria. Internal procurement guidelines must be followed, and no payments are made without proper justification.
3.7. Accounting and Financial Reporting
VTXRM ensures transparency and accuracy in all financial documentation and reporting. Employees must never misrepresent or delay the recording of transactions.
3.8. Export Control
The company complies with export control and sanctions regulations, especially for cross-border transactions, goods, services, and technology transfers.
We Are Good Corporate Citizens
4.1. Communication and Marketing
Communication must be clear, respectful, and aligned with internal guidelines. Public comments must reflect personal views unless otherwise authorized.
4.2. Political Lobbying
Only authorized individuals may engage in political lobbying. VTXRM ensures transparency and neutrality in all interactions with political institutions.
4.3. Dealing with Public Officials
Interactions with public officials are subject to strict rules. Facilitation payments are not permitted. Any engagement must follow compliance guidance.
4.4. Donations and Sponsorships
Donations must be transparent, lawful, and only to approved organizations. Sponsorships require internal approval and must serve public interest without conflict.
4.5. Taxes and Customs
VTXRM complies with all applicable tax and customs laws. Employees must ensure accuracy and legality in reporting and payment processes.
4.6. Data Protection
Personal data must be handled with care, confidentiality, and transparency. Employees must know their responsibilities and follow secure data handling practices.
4.7. IT Security
Employees must follow information security policies and stay vigilant when handling systems and devices, especially when working remotely or using public networks.
4.8. Product Compliance
All products must meet legal safety and quality standards. Employees must prioritize product compliance over time or cost pressures.
4.9. Environmental Protection
VTXRM is committed to sustainability. Employees must minimize environmental impact, use resources efficiently, and report any environmental issues.
Support and Whistleblowing
VTXRM encourages employees to report any suspected regulatory violations. The Whistleblower System ensures confidentiality and protects individuals from retaliation. Reports may be submitted anonymously and are taken seriously. Managers must lead by example and report any reasonable suspicion of misconduct.
Contact:
📧 compliance@vtxrm.com
Self-Test for Decision Guidance
Before acting, ask yourself:
- Did I consider all relevant facts?
- Is it legal and compliant?
- Would I stand by my decision if reviewed?
- Would I want this decision applied universally?
- Would I support it publicly?
- Would I accept it if I were affected?
- What would my family say?