Principles of business behavior
Principles of business behavior should be based on the following ethical values: legality of work and business, professionalism, competence, conscience, objectivity, independence, transparency and impartiality in work, responsibility and zero tolerance of corruption.
Legality of work and business
Board of Directors, management, and employees should apply and obey laws in their work, as well as other HEP’s regulations and acts. They should also apply and carry out professional, business standards and norms as well as ethical principles and in this way ensure HEP’s business reputation and market position.
Professionalism, competence, conscience, objectivity, independence, transparency, impartiality and responsibility in work
Board of Directors, management, and employees should avoid participating in all activities that may damage their professionalism, competence, conscience, objectivity, independence, transparency, impartiality and responsibility. They should also refrain from activities opposed to HEP’s interests.
Conflict of interest
Board of Directors, management, employees and their immediate family members cannot do the following activities:
- Have a company, either owned or majority-owned, have stakes in a company, whose business activity is the same or very similar to HEP’s business activity and have business relations with HEP, without the agreement of the company’s Board of Directors, i.e. the Supervisory Board;
- Be a member of the Board of Directors, the Supervisory Board or the President of the Assembly or other bodies in companies – HEP’s business partners, or companies which have the same or similar business activities like HEP - without the agreement of the company’s Board of Directors, i.e. the Supervisory Board;
- Perform business activities in the name of HEP with companies either owned or majority-owned by them or owned by their immediate family members, or with companies where their immediate family members work;
- Perform any mediator functions for the third person in HEP’s business relations;
- If they own a stake, or have other interest in a company outside HEP, they cannot offer services or be engaged as advisors or auditors without the agreement of the company’s Board of Directors, i.e. the Supervisory Board.
Human rights, safe work and environment protection
Employees’ human rights, relation towards customers, business partners, the media, the public and all interest groups must be established and maintained at a very high ethical level.
Discrimination of any person is unacceptable, and HEP’s employees cannot be discriminated against their race, gender, age, religion, nationality, sexual orientation, marital status, membership or non-membership in a political party or a trade union, physical or mental difficulties or against any other foundation.
Hiring and promoting employees
In the procedure of hiring or selecting employees, as well as their promotion, ethical principles about hiring and promoting employees should be respected. Hiring and promoting employees should be based solely on professionalism, effort and results of their work.