Principles – LEM Business and Ethics code
Basic ethical attitude and social awareness determines the essence of all our actions. We conduct our business operations in a responsible, honest, fair and considerate manner. This includes the prevention of discrimination of any kind, the health and safety of our employees and integrity in our cooperation with business partners and public authorities.
LEM adheres to and supports the UN Global Compact’s ten principles in the area of human rights, labor, the environment and anti-corruption.
1. Work environment
Equal opportunity and non-discriminatory treatment
LEM ensures equality of opportunity and treatment in order to prevent discrimination.
Protection against harassment
LEM protects its employees against harassment in the workplace, in particular against any kind of sexual, physical or psychological abuse.
Health, safety and the environment
The health and safety of employees have top priority. LEM ensures all employees a safe and healthy work environment.
We neither develop nor market any products that may pose a potential health or environmental hazard. In order not to endanger the environment, LEM is committed to the pursuit of environmentally sound business activities. We continuously improve the performance in both production- and product-related environmental protection and are an ISO 14001 certified company.
Compensation, working hours
LEM respects and supports existing social standards. All employees receive at least the legal minimum pay. In the absence of legal regulations, consideration is given to local industry standards.
2. Business practices
Compliance with legal regulations
LEM acknowledges and respects all national and international standards and legal regulations as well as the administration practices and the authority of the countries in which it is active.
Information policy, accounting and insider trading
LEM informs its employees, shareholders, the media and financial analysts as well as other target groups in a comprehensive and transparent manner and on the basis of the principle of equal treatment.
The accounts, the annual financial statements and all other financial information are prepared in compliance with the relevant legal provisions and statutes. Strict adherence to accounting rules and the selected accounting principles and standards are maintained.
No employee shall pass on any non-public information to third parties.
Bribes, gifts, favors
We do not offer, promise, grant, accept, tolerate, knowingly benefit from or demand any bribes or other improper advantages.
LEM employees shall not accept or offer any gifts or favors that might be construed as influence-enhancing. If it is customary in a cultural environment to exchange gifts, these shall be of a symbolic nature.
LEM treats all confidential and sensitive information with the utmost care. This includes technical know-how, best practices in operations, market or customers information, and any financial data.
Employees should not pass on any confidential information without having checked if a proper contractual agreement is in place (e.g. non disclosure agreement NDA), limiting the use of this information by the third party.
All exchange of confidential information needs to be limited to the minimum required for the business purpose. The exact content of shared information needs to be properly assessed by a senior person in charge of the related business.
Employees leaving the company must adhere to their contractual obligation regarding company information.
3. Relationships with business partners and public authorities
Customers and suppliers
Our employees honor the ethical principles described, also in their dealings with third-party companies. We reject ethically improper business transactions. Customer and supplier information is protected. Access to such information is limited to employees who require the information for transacting business.
LEM ensures the faithful application and integration of these principles in all contracts or other agreements concluded with business partners.
LEM is active in various countries and must therefore comply with different national and international laws and regulations. All employees in contact with public authorities are responsible for observing the applicable laws and regulations.
4. Enforcement of the principles
This Ethics Code is binding upon all LEM employees. Any queries concerning these principles, or reports on their violation, need to be addressed to the Human Resources department and Management.
Such reports shall be treated with the appropriate confidentiality and anonymity.
These principles are publicly accessible via the Internet and are also published in the LEM offices world-wide. All employees are informed about the principles by the Human Resources department when joining the company.