Page 61 - Goldair Handling_Corporate Responsibility & Sustainable Development Report 2017

REPORT 2017

4.4. Transparency and Conflict of Interest

The Company has implemented a set of Policies and Procedures that aim to address issues relating to Corporate
Governance. In the above context, a Transparency Policy has been put into effect. Through the above mentioned
Policy adopted by Goldair Handling, it has been set clear to all stakeholders that there is zero tolerance for any
issues relating to corruption, bribery and extortion. In addition, the Company has set rules in order to tackle the
issue of potential conflict of interest.

EXTRACT FROM THE ‘TRANSPARENCY POLICY’

Goldair Handling is committed to defending GIFTS - DONATIONS
transparency through the way it operates. More Company Executives may not offer or accept gifts, as
specifically, the company is committed to showing these could be construed as an attempt to influence
zero tolerance to instances of corruption, bribery and them or secure preferential treatment.
extortion in its relations with its clients, suppliers, State
and public bodies, and employees. The Company’s PROHIBITION OF BRIBERY - CORRUPTION
commitment is not limited merely to the avoidance of Company Executives are expressly prohibited from
such behaviours, but extends to actively and proactively engaging in any act of bribery and corruption. More
addressing them through internal audit procedures specifically, they are prohibited from providing or
and corresponding policies. offering any object of value or any other advantage to any
individual in exchange for a consideration from that or
Enhancing transparency is a prevalent issue in the any other individual. Bribery may be monetary or in kind.
global business community, as it is integrally linked
to the concept of trust between investors, clients, CONFLICT OF INTEREST
employees and societies in general. The Sustainable Employees are obligated to notify the Management of
Development of our Company is based, among other the Company, in writing and in advance, of any potential
things, on combating such behaviours in order to be conflict of interest they may be aware of between their
able to ensure that all our behaviours are governed by own private or other interests or those of their family
Ethics and Integrity. members and the interests of the Company.

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