As the company that operates in the Republic of Croatia, through affiliated companies in the region and sells goods in other countries of the European Union and the world, we are aware of our own responsibility.
All that we continuously face in the global capital market, goods and services market, raw materials market, labour market, information market, occasional major or minor disruptions in supply chains and uncertainty of energy supply (energy crisis), fluctuations in the price of oil and oil derivatives, the presence of war zones in many parts of the world, with a tendency to spill over into the surrounding countries also require additional efforts and attention from all of us, a review and change of the current way of working, adoption of new habits and adaptation, a careful assessment of risks and taking measures and activities to reduce them and their impact on the achievement of strategic, short-term and long-term goals.
We keep a close eye on our business, and we treat it responsibly, as well as our assets, business partners, employees and numerous stakeholders, but this is not all. The size and strength of a corporation are not only reflected in market share and financial strength but also in the adoption of legal, moral, ethical, social, ecological and other values and standards.
To do business responsibly means to do business in accordance with all laws and regulations, not only in the Republic of Croatia and other countries where our affiliated companies operate, but also to respect all international regulations and laws of all countries where our business partners operate and beyond, and to do business ethically and with integrity.
Our Corporate Compliance and Ethics Program ensures successful, transparent and regulated business in compliance with various laws, regulations, guidelines and other rules as well as internal rules, procedures, standards, strategies, decisions and others, which together with strong risk management processes and internal control systems, we successfully manage risks by minimizing them, if not annulling them, their impact on our business and the realization of our short-term and long-term goals. We set the framework for permissible and ethical behaviour.
Our Corporate Compliance and Ethics Program ensures successful, transparent and regulated business in compliance with various laws, regulations, guidelines and other rules as well as internal rules, procedures, standards, strategies, decisions and others, which together with solid risk management processes and internal control systems, we successfully manage risks by minimizing them, if not annulling them, their impact on our business and the realization of our short-term and long-term goals. We set the framework for permissible and ethical behaviour.
The program aims to build a corporate culture and is based on our values, mission and vision (https://www.msan.hr/en/the-company/#our-mission).
Our Code of Ethics establishes the highest standards, rules of conduct and ethical principles. All our employees, partners and associates and all other persons, natural and legal, who are in any way connected with our business (stakeholders) are obliged to comply with them, i.e. act in accordance with them. The Code of Ethics was adopted to enable all interested persons to see the ethical rules that we consider crucial for our successful business operations, both inside and outside of our company. The Code of Ethics is extremely important and it represents the basis of the daily actions of all stakeholders.
The role of our Export Compliance Program is reflected in our compliance with all export control laws and economic sanctions of the United States of America (such as: U.S. export control laws, Export Administration Regulations – EAR), the European Union and other applicable jurisdictions.
We comply with all anti-corruption laws that apply in the Republic of Croatia as well as on the territory of the EU, including the U.S. Foreign Corrupt Practices Act and the UK Bribery Act.
We have adopted an Anti-corruption Business Policy, which we periodically review and continuously improve, maintain, monitor and implement through anti-corruption policies, procedures and internal controls. We have a zero-tolerance rate for bribery and corruption, we strictly monitor and control the costs of hospitality and gifts and we conduct internal training for our employees.
Corporate Compliance is a process that requires from us to undertake continuous activities and efforts. We responsibly and permanently improve our business which will be based on regulated, ethical, moral business activities and integrity, respecting all laws and regulations as well as internal regulations, policies, procedures, decisions and other things that regulate our business.
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