Standards of Business Conduct
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Our values guide our behaviors and must shine through in all our interactions with each other and our stakeholders.
Semtec Maritime Co. Ltd employees consists of people who share the following values:
- Integrity and honesty
- Passion for customers, partners, and technology
- Open and respectful with others and dedicated to making them better
- Willingness to take on big challenges and see them through
- Self-critical, questioning, and committed to personal excellence and self-improvement
- Accountable for commitments, results, and quality to customers, shareholders, partners, and employees
Why Semtec Maritime Co. Ltd Has Standards of Business Conduct
As responsible business leaders, it is not enough to intend to do things right, we must also do them in the right way. That means making business decisions and taking appropriate actions that are ethical and in compliance with applicable legal requirements. As we make these decisions, Semtec Maritime Co. Ltd's values must shine through in all our interactions. The Standards of Business Conduct are an extension of Semtec Maritime Co. Ltd's values and reflect our continued commitment to ethical business practices and regulatory compliance.
By following the guidance provided in this publication, we are acknowledging our individual and collective responsibilities to manage our business activities with integrity as we pursue our mission of enabling people and businesses throughout the world to realize their full potential.
How to Use the Standards of Business Conduct
Semtec Maritime Co. Ltd's Standards of Business Conduct summarize the regulatory requirements and business practices that guide our decision making and business activities. The Standards contain basic information about our policies as well as information about how to obtain guidance regarding a particular business practice or compliance concern. It is essential that you thoroughly review this publication and make a commitment to uphold its requirements.
The Standards of Business Conduct are not intended to cover every issue or situation you may face as a Semtec Maritime Co. Ltd employee. Nor does it replace other more detailed policies. You should use the Standards as a reference guide in addition to Semtec Maritime Co. Ltd's policies, including the Employee Handbook, required for your specific job. Semtec Maritime Co. Ltd reserves the right in its sole discretion to modify or eliminate any of the Standards' contents without prior notice. Individual business units may also adopt standards of professional conduct for their areas. It is your responsibility to be fully aware of these Standards and follow them.
Semtec Maritime Co. Ltd will handle all inquiries discreetly and make every effort to maintain, within the limits allowed by the law, the confidentiality of anyone requesting guidance or reporting a possible violation.
The Semtec Maritime Co. Ltd Standards of Business Conduct are a general guide to the company's standards of business practices and regulatory compliance. Its requirements apply to Semtec Maritime Co. Ltd Group, to all subsidiaries, or affiliates in which Semtec Maritime Co. Ltd directly or indirectly owns more than 50 percent of the voting control ("Controlled Affiliates"), and to all directors, officers, and employees of each. All references to "Semtec Maritime Co. Ltd" include Semtec Maritime Co. Ltd Group and all Controlled Affiliates unless otherwise specified. All references to "employees" include directors, officers, and employees of Semtec Maritime Co. Ltd Group and it subsidiaries or affiliates.
Failure to read and/or acknowledge the Standards of Business Conduct does not exempt an employee from his/her responsibility to comply with the Standards of Business Conduct, applicable laws, regulations, and Semtec Maritime Co. Ltd policies that are related to his/her job.
Semtec Maritime Co. Ltd is a global company, and our business operations are subject to the laws of many different countries. Semtec Maritime Co. Ltd employees doing business internationally must comply with applicable laws and regulations and uphold the Standards of Business Conduct at all times. Cultural differences or local laws and customs may require a different interpretation of our Standards. If this situation arises, always consult your management before taking any action.
The Standards are not intended to and do not create an employment contract, and do not create any contractual rights between Semtec Maritime Co. Ltd and its employees or create any express or implied promise for specific treatment in specific situations. Your employment relationship with Semtec Maritime Co. Ltd can be terminated at any time for any reason with or without cause unless otherwise required by local laws outside the Kingdom of Thailand.
Our Commitment: Integrity in All Our Interactions
Each day we interact with a variety of individuals and groups—including our customers, partners, competitors, co-workers, shareholders, vendors, government and regulatory agencies, and the communities in which we operate. We are committed to interacting with all of these audiences in a respectful, ethical manner and in compliance with applicable laws and regulatory requirements.
We manage our business in compliance with laws and regulatory requirements.
Regulatory Compliance: We are aware of and obey the laws and regulations that govern the global management of our business. We are responsible for understanding these laws and regulations as they apply to our jobs and for preventing, detecting, and reporting instances of non-compliance to a member of Semtec Maritime Co. Ltd management.
Lobbying: We recognize our right and responsibility to lobby on behalf of issues that affect our company and business operations. We conduct our lobbying activities in compliance with applicable laws and regulations governing these activities.
Political Activities and Contributions: Semtec Maritime Co. Ltd employees are encouraged to exercise their right to participate in political activities. Any decision to become involved is entirely personal and voluntary. Employees' personal political activities are done on their own time and with their own resources.
Regulatory Investigations, Inspections, and Inquiries: We are direct, honest, and truthful in our discussions with regulatory agency representatives and government officials. During investigations, inspections, and inquiries we work with Semtec Maritime Co. Ltd's management and cooperate by responding to appropriate requests for information.
International Business Activities: Semtec Maritime Co. Ltd acknowledges and respects the diverse cultures, customs, and business practices it encounters in the international marketplace. Semtec Maritime Co. Ltd will comply with both the applicable local laws and regulations that govern its operations and local laws wherever it does business.
Sensitive Payments: Semtec Maritime Co. Ltd complies with the anti-corruption laws of the countries in which it does business, including the United States Foreign Corrupt Practices Act ("FCPA"). In compliance with the FCPA, Semtec Maritime Co. Ltd and its agents/partners/representatives will not make any direct or indirect payments or promises of payment to local or foreign companies, local or foreign government officials for the purpose of inducing the individual to misuse his/her position to obtain or retain Semtec Maritime Co. Ltd business.
Fair Competition and Antitrust: As a global business, we encounter laws and regulations designed to promote fair competition and encourage ethical and legal behavior among competitors. Antitrust laws and fair competition laws generally prohibit any activity that restrains free trade and limits competition. We conduct our business in compliance with these laws.
We build and maintain the trust and respect of our customers, consumers, partners, and shareholders.
Responsible Leadership: We manage our business responsibly in order to maintain the confidence, respect, and trust of our customers, consumers, partners, shareholders, and other audiences. We are committed to acting with integrity, investing in new product development, being responsive and accountable to our customers and partners, and remaining a leader in our field. We understand the responsibility that comes with being a worldwide technology and business leader and accept our unique role in both our industry and the global business community.
Product and Service Quality: Semtec Maritime Co. Ltd's products and services are developed and managed to meet the expectations of our customers, consumers, and partners for high quality and exceptional service. We continually seek new ways to improve our products, service, and responsiveness.
Communication: We apply standards of full, fair, accurate, timely, and understandable disclosure in reports and documents that are filed or submitted. We establish and maintain clear, honest, and open communications; listen carefully; and build our relationships on trust, respect, and mutual understanding. We are accountable and responsive to the needs of our customers, consumers, and partners and take our commitments to them seriously. Our advertising, sales, and promotional literature seeks to be truthful, accurate, and free from false claims.
Obtaining Competitive Information: Semtec Maritime Co. Ltd has an obligation, and is entitled, to keep up with developments in our industry, including obtaining information about our competitors. We obtain information about our competitors through honest, ethical, and legal methods.
Vendors and agents: Semtec Maritime Co. Ltd vendors and agents must adhere to the highest standards of ethical behavior and regulatory compliance and operate in the best interest of Semtec Maritime Co. Ltd. Vendors and agents are expected to provide high-quality services and products while maintaining flexibility and cost-effectiveness. All vendors are required to read and comply with the Vendor Code of Conduct and, when appropriate, train their employees and representatives to ensure that they are aware of Semtec Maritime Co. Ltd's expectations regarding their behavior. We do not engage in any unethical or illegal conduct with our vendors. We do not accept incentives such as kickbacks or bribes in return for conducting business with them.
We are responsible stewards in the use, protection, and management of Semtec Maritime Co. Ltd's assets.
Financial Integrity: We honestly and accurately record and report business information. We comply with all applicable local, state, and federal laws regarding record completion and accuracy. We require that financial transactions be executed in accordance with management's authorization, and recorded in a proper manner in order to maintain accountability for Semtec Maritime Co. Ltd's assets. Our financial information reflects only actual transactions and is in compliance with Semtec Maritime Co. Ltd's and other applicable accounting practices.
Use and Protection of Assets: We wisely use and protect the assets of the company, including property (both physical and intellectual), supplies, consumables, and equipment. We use these assets exclusively for Semtec Maritime Co. Ltd's business purposes.
Fiscal Responsibility: Semtec Maritime Co. Ltd employees exercise good stewardship over and spend Semtec Maritime Co. Ltd's funds in a responsible manner.
Use of Information Technology: At all times, we should use good judgment and common sense; conduct ourselves ethically, lawfully, and professionally; and follow applicable authorization protocols while accessing and using company-provided information technology and its contents. In using these company assets and systems, we do not create, access, store, print, solicit, or send any material that is intimidating, harassing, threatening, abusive, sexually explicit, or otherwise offensive or inappropriate, nor do we send any false, derogatory, or malicious communications.
Intellectual Property: We comply with the laws and regulations that govern the rights to and protection of our own and others' copyrights, trademarks, patents, trade secrets, and other forms of intellectual property.
Creation, Retention, and Disposal of Records and Information Assets: We create, retain, and dispose of our business records and information assets, both written and electronic, as part of our normal course of business in compliance with Semtec Maritime Co. Ltd's policies and applicable regulatory and legal requirements.
Confidential and Proprietary Information: We respect our ethical and legal responsibilities to protect Semtec Maritime Co. Ltd's confidential and proprietary non-public information and communicate it only as necessary to conduct Semtec Maritime Co. Ltd's business. We do not use this information for our personal advantage or for non-Semtec Maritime Co. Ltd business use, and maintain this confidentiality even after Semtec Maritime Co. Ltd no longer employs us.
Insider Information: In the course of doing business for Semtec Maritime Co. Ltd or in discussions with one of its customers, vendors, or partners, we may become aware of material non-public information about that organization. Information is considered "material" if there is a substantial likelihood that a reasonable investor would consider it important in making a decision to trade in the public securities of the company. Individuals who have access to this type of information are called "insiders." We discuss this information on a limited, "need to know" basis internally, and do not share it with anyone outside Semtec Maritime Co. Ltd.
Conflicts of Interest: Semtec Maritime Co. Ltd employees are expected to act in Semtec Maritime Co. Ltd's best interests and to exercise sound judgment unclouded by personal interests or divided loyalties. Both in the performance of our duties for Semtec Maritime Co. Ltd and our outside activities, we seek to avoid the appearance of, as well as an actual, conflict of interest. If in doubt about a potential conflict, speak with your immediate supervisor, manager, another member of management.
Gifts and Entertainment: Semtec Maritime Co. Ltd policy and practice encourage the use of good judgment, discretion, and moderation when giving or accepting gifts or entertainment in business settings. Gift giving and entertainment practices may vary in different cultures; however, any gifts and entertainment given or received must be in compliance with law, must not violate the giver's and/or receiver's policies on the matter, and be consistent with local custom and practice. We do not solicit gifts, entertainment, or favors of any value from persons or firms with which Semtec Maritime Co. Ltd actually or potentially does business. Nor do we act in a manner that would place any vendor or customer in a position where he/she may feel obligated to make a gift, provide entertainment, or provide personal favors in order to do business or continue to do business with Semtec Maritime Co. Ltd.
Purchasing Decisions and Practices: In our purchasing decisions, negotiations, contract development, and contract administration we comply with the applicable laws and regulations that govern those relationships.
We promote a diverse, cooperative, and productive work environment.
Openness, Honesty, and Respect: In our relationships with each other, we strive to be open, honest, and respectful in sharing our ideas and thoughts, and in receiving input.
Diversity: Semtec Maritime Co. Ltd promotes and supports a diverse workforce at all levels of the company. It is our belief that creating a work environment that enables us to attract, retain, and fully engage diverse talents leads to enhanced innovation and creativity in our products and services.
Equal Employment Opportunity: Semtec Maritime Co. Ltd promotes a cooperative and productive work environment by supporting the cultural and ethnic diversity of its workforce and is committed to providing equal employment opportunity to all qualified employees and applicants. We do not unlawfully discriminate on the basis of race, color, sex, sexual orientation, religion, national origin, marital status, age, disability, or veteran status in any personnel practice, including recruitment, hiring, training, promotion, and discipline. We take allegations of harassment and unlawful discrimination seriously and address such concerns that are raised regarding this policy.
Safety and Health: A safe and clean work environment is important to the well-being of all Semtec Maritime Co. Ltd employees. Semtec Maritime Co. Ltd complies with applicable safety and health regulations and appropriate practices.
We are responsible, caring members of the global community.
Citizenship and Community Service: We have a strong and demonstrated commitment to the improvement of society as well as the communities we serve and in which we operate. We encourage the support of charitable, civic, educational, and cultural causes. Our contributions include cash, volunteer time, hardware, and technical assistance.
Respect for the Environment: Semtec Maritime Co. Ltd respects the environment and protects our natural resources. We comply with applicable laws and regulations regarding the use and preservation of our land, air, and water.
All Semtec Maritime Co. Ltd employees are accountable and responsible for understanding and complying with the Standards of Business Conduct, applicable laws, regulations, and Semtec Maritime Co. Ltd policies that are related to their jobs. In fulfilling these responsibilities each employee must:
- Read, understand, and comply with the Standards of Business Conduct and all Semtec Maritime Co. Ltd policies that are related to his/her job.
- Participate in training and educational programs/events required for his/her job.
- Obtain guidance for resolving a business practice or compliance concern if he/she is uncertain about how to proceed in a situation.
- Report possible violations of the Standards of Business Conduct, policies, applicable laws, and regulatory requirements.
- Cooperate fully in any investigation.
- Make a commitment to conduct Semtec Maritime Co. Ltd's business with integrity and in compliance with applicable laws and regulatory requirements.