INTRODUCTION
This Code of Conduct reflects values of the organization (Goals101 Data solutions Pvt. Ltd) and its Suppliers.
The Supplier Code of Conduct is to ensure that values of the organization are being followed by the suppliers and all their personnel including but not limited to employees, officers, and directors. The matters covered in the Code are important for the organization and its Suppliers, for their business conduct.
All personnel of suppliers shall observe and implement the code of conduct in their official day to day activities.
ETHICAL CONDUCT
All personnel of the supplier shall deal on behalf of their company with professionalism, honesty, and integrity, as well as high moral and ethical standards. Such conduct shall be fair and transparent and be perceived to be as such by third parties.
REGULATORY COMPLIANCE
All personnel of the supplier shall, in his or her business conduct, comply with all applicable laws and regulations, both in letter and in spirit, in all the territories in which he or she operates
ACCOUNTING AND REPORTING
All financial transactions shall be reported in accordance with generally accepted accounting practices, and the accounting records must show the nature of all transactions in a correct and non-misleading manner
MONEY LAUNDERING
The supplier shall not accept, facilitate, or support money laundering
TAX LAWS COMPLIANCE
The supplier shall comply with the tax laws and regulations of country in which it operates. Where tax laws do not give clear guidance, prudence and transparency shall be the guiding principle
MARKETING AND SALES
The supplier shall not make false statements or provide misleading information regarding its products or their performance, including the safety and environmental attributes of the products
FAIR COMPETETION PRACTICES
Supplier shall compete with other suppliers in a fair manner and with integrity. Supplier shall not exchange information or enter into agreements or understandings with competitors, customers or suppliers in a way that improperly influences the market place or outcome of a bidding/negotiation process.
CONFLICTS OF INTEREST
The duty of all personnel of supplier towards the ORGANIZATION demands that he or she avoids and discloses actual and potential conflicts of interest. A conflict of interest exists where the interests or benefits of one person or entity conflict with the interests or benefits of the ORGANIZATION.
If a supplier is considering investing in any customer, supplier, developer or competitor of the ORGANIZATION, he or she must first take care to ensure that these investments do not compromise on their responsibilities towards ORGANIZATION. The ORGANIZATION’s policy requires that information to be given while making such an investment.
Notwithstanding that conflict of interest exist due to any historical reasons, adequate and full disclosure by the supplier should be made to the ORGANIZATION’s management.
PROTECTING Organization’s ASSETS
The assets of the ORGANIZATION shall not be misused but shall be employed for the purpose of conducting the business for which they are duly authorized. These include tangible assets such as equipment and machinery, systems, facilities, materials and resources as well as intangible assets such as Intellectual Property Rights, Knowhow & Technology, proprietary information, relationships with customers and suppliers, etc.
The supplier must maintain physical and electronic security for all confidential information. Supplier’s employees should use extreme care in protecting confidential or proprietary information of any kind. Face-face discussions should be conducted in a secure location.
If confidential information to be discussed or exchanged between ORGANIZATION and the supplier, or the supplier and a Third Party, the parties must first ensure that a confidentiality or Non-Disclosure Agreement has been signed and is being complied with
PROTECTING ENVIRONMENT
The supplier must comply with all applicable environmental/pollution control laws and regulations.
INFORMATION TO ORGANIZATION REGARDING VIOLATION AND CORRECTIVE ACTION
ORGANIZATION expects its suppliers to comply with the conditions of the Supplier Code of Conduct and maintain a system to monitor compliance. If ORGANIZATION determines that a supplier has violated this code, the supplier must provide information relating to the incident(s) and show within 30 days the action taken to correct the condition. ORGANIZATION may follow up to make sure the condition has been corrected.
RIGHT TO CONDUCT AUDIT
ORGANIZATION reserves the right to conduct a full audit if necessary, to ensure compliance of Supplier Code of Conduct.