Our values guide our behaviors
and must shine through in all our interactions
with each other and our stakeholders. SEMTEC MARITIME
employees are great 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 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's values must
shine through in all our interactions. The
Standards of Business Conduct are an extension
of SEMTEC MARITIME'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'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 employee. Nor
does it replace other more detailed policies.
You should use the Standards as a reference
guide in addition to SEMTEC MARITIME's policies,
including the Employee Handbook, required for
your specific job. SEMTEC MARITIME 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 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.
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The SEMTEC MARITIME 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 Group, to all subsidiaries, or affiliates
in which SEMTEC MARITIME 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" include SEMTEC MARITIME Group and all
Controlled Affiliates unless otherwise
specified. All references to "employees" include
directors, officers, and employees of SEMTEC MARITIME
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 policies that are related to his/her
job.
SEMTEC MARITIME is a global company,
and our business operations are subject to the
laws of many different countries. SEMTEC MARITIME
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 and its employees or create any express
or implied promise for specific treatment in
specific situations. Your employment
relationship with SEMTEC MARITIME 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.
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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 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
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's management and cooperate by
responding to appropriate requests for
information.
International Business
Activities: SEMTEC MARITIME
acknowledges and respects the diverse cultures,
customs, and business practices it encounters in
the international marketplace. SEMTEC MARITIME 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 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 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 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'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
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 vendors and agents must adhere to the
highest standards of ethical behavior and
regulatory compliance and operate in the best
interest of SEMTEC MARITIME. 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'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'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's assets. Our
financial information reflects only actual
transactions and is in compliance with SEMTEC MARITIME'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's business
purposes.
Fiscal Responsibility:
SEMTEC MARITIME employees exercise good stewardship over
and spend SEMTEC MARITIME'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's policies
and applicable regulatory and legal
requirements.
Confidential and
Proprietary Information:
We respect our ethical and legal
responsibilities to protect SEMTEC MARITIME's
confidential and proprietary non-public
information and communicate it only as necessary
to conduct SEMTEC MARITIME's business. We do not use this
information for our personal advantage or for
non-SEMTEC MARITIME business use, and maintain this
confidentiality even after SEMTEC MARITIME no longer
employs us.
Insider Information:
In the course of doing business for SEMTEC MARITIME 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.
Conflicts of Interest:
SEMTEC MARITIME employees are expected to act in SEMTEC MARITIME'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 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 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 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.
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 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
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 employees.
SEMTEC MARITIME 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
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.
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All SEMTEC MARITIME employees are
accountable and responsible for understanding
and complying with the Standards of Business
Conduct, applicable laws, regulations, and
SEMTEC MARITIME 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 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's business with integrity and
in compliance with applicable laws and
regulatory requirements.
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