Prevention of conflicts of interest
Rusagro Group is cautious about situations in which an employee loses or can lose loyalty and objectivity towards the Company or the performance of their job duties. The resulting conflict between personal interests and the interests of Rusagro Group has a negative impact on job performance, which is why the Company feels it has the right to safeguard itself against such conflicts. To prevent conflicts of interest, the Company does not engage in business relations with customers, suppliers, or competitors in any way other than in the course of carrying out business on Rusagro’s behalf.
It is planned to include provisions on the prevention of conflicts of interest during the preparation of the Code of Business Conduct and Ethics. The Code of Business Conduct and Ethics will specify the need to inform direct management and the Compliance Officer of any instances of conflict of interest or risk of conflict of interest via appropriate communication channels.
The following situations are also defined by Rusagro Group as conflicts of interest:
Romantic or amorous relationship between managers and their subordinates
Family relationships (close or distant) with another employee of the Company or the employee of a customer, supplier, or competitor
Spousal relationships (including former spousal relationships) with another employee of the Company or the employee of a customer, supplier, or competitor
Joint participation with another employee in a commercial enterprise, joint membership in religious or other non‑profit organisations