Corporate culture
Business ethics
Business ethics is an important aspect of the corporate governance system, as it fosters trust among shareholders, employees, partners and customers. Adherence to high standards of business ethics helps to minimise risks, enhance the Group’s reputation and ensure the long‑term stability of the business.
Code of Business Conduct and Ethics
The Code of Business Conduct and Ethics (hereinafter – the Code) is the primary document that governs how public joint stock corporations handle business conduct and ethics issues.
The Group plans to develop and adopt the Code based on conventions of corporate ethics and business behaviour, international laws and documents that define best corporate governance practices. The Code is anticipated to be a crucial tool for the Group in developing a solid corporate culture and an edifice of corporate values that define and drive the Group’s performance and reputation.
The Code encompasses the following:
- Basic rules, principles and values of the Group and its employees
- Standards of business and social conduct
- Ethical standards for internal and external corporate relations
- Principles of social commitment towards employees, shareholders, business partners, the state and society
The Code will apply to all Group companies. The provisions of the Code will cover and be binding to all employees, including members of the Board of Directors and management.