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As a matter of policy, SEMTEC MARITIME strongly
complies with all governmental laws, rules, and regulations
applicable to our business. We expect employee candor at all
levels, and adherence to company policy and controls. Employees
are responsible for reporting suspected violation of law or
corporate policy to management.
Periodically, all managerial, professional, and
technical employees are required to confirm that they have read
and are familiar with the policies set forth in our
Standards of Business Conduct that prohibit corruption
of any type.
Our management framework to prevent bribery and
corruption includes clear guidance on ethics, gifts and
entertainment, conflicts of interest, antitrust, and
directorship policies. Sound financial control is fundamental to
our business operating model, and we have established effective
control mechanisms for our worldwide operations.
Responsibilities for authorizing, approving, and recording
transactions are appropriately segregated to reduce risks of a
single employee having exclusive knowledge, authority, or
control over any significant transaction or group of
transactions.
Every year, management conduct investigations of
suspected violations of law, business practices, or internal
control procedures. Such violations include conflicts of
interest, exceeding transaction authority limits, excessive
entertainment charges, falsified expense reports or accounting
entries, misuse of company purchases and credit cards, SEMTEC
MARITIME
property or petty theft. Policy violations by employees lead to
disciplinary actions up to and including separation from the
company.
We provide a number of mechanisms for reporting
suspected violations of law or SEMTEC MARITIME's business practices. All
persons responding to customers, authorities or employees
questions, concerns, complaints, and suggestions are expected to
use appropriate discretion regarding anonymity and
confidentiality, although the preservation of anonymity and
confidentiality may or may not be practical, depending on the
circumstance.
No action may be taken or threatened against any
employee for asking questions, voicing concerns, or making
complaints in conformity with company procedures, unless the
employee acts with willful disregard of the truth. In addition,
all payments to third parties are expected to comply with the
Foreign Corrupt Practices Act |
