Interaction with third parties
Any agreements between companies which restrict competition are strictly prohibited. The Foundation is therefore committed, without reservation, to fair competition and in particular to strict compliance with antitrust law. Any semblance of anti-competitive conduct by any employee must be avoided. All employees are obliged to comply with the rules of fair competition. Misconduct by third parties must be reported to the Legal Department.
Employees may not – directly or indirectly - offer or grant any form of benefits whatsoever to others in connection with their work. Care must be taken to ensure that this regulation also applies to partners in their work for the Foundation. Benefits to third parties are strictly prohibited. Invitations to appropriate business meals may be issued.
Employees may not use their position within the Foundation to demand, accept, obtain or be promised benefits in connection with their work. Accepting gifts is strictly prohibited unless the value of the gift does not exceed the equivalent of EUR 40.00.
If a gift exceeds the permitted value and cannot be refused due to the nature of the business relationship, it must be declared to the senior management team or the Legal Department on every occasion. The gift may be accepted subject to written approval.
Invitations to appropriate business meals may be accepted. The appropriateness of such meals should be determined conservatively; if in doubt, the senior management team or the Legal Department should be consulted.
Avoidance of conflicts of interest
Foundation employees are required to make decisions in the best interests of the Foundation. Employees may not be influenced by personal or family considerations which may consciously or unconsciously compromise their judgement of what is in the best interests of the Foundation.
A conflict of interests arises when an employee has a personal or family interest of a financial or other nature in another company/organisation which may be able to derive benefits from decisions that the employee makes in his/her role. For this reason, all employees must comply with the following regulations:
- Any personal or family interest that may exist in connection with the performance of official duties must be reported to the employee’s line manager. There must be no unfair discrimination for or against suppliers during competition for contracts.
- Employees must not engage companieswith which they have business dealings to undertake private tasks if this may result in the employee deriving benefits from such tasks.
All employees are required to observe and comply with the aforementioned principles and practices. In all cases of doubt, the senior management team or the Legal Department should be informed.