Introduction

Wirepas is committed to carrying out its business in a sustainable way. In order to promote the long-term interests of Wirepas and its stakeholders, the company strives to maintain the highest legal and ethical standards in all its business practices. Each employee is expected to act responsibly and with integrity and honesty, and to comply with this code and its underlying policies and instructions.

Compliance with laws

All business and other activities of Wirepas shall be carried out strictly in compliance with all applicable laws, and under the principles of good corporate citizenship in each country where such activities take place. Each employee is expected to comply with the requirements of those laws and regulations that apply to Wirepas’ operations and to his/her job.
Respect for human and labour rights
Wirepas supports and respects the protection of human rights as defined in the United Nation’s Universal Declaration on Human Rights. No employee is allowed to take any action that violates these human rights principles, either directly or indirectly.
Wirepas supports basic labour rights as defined by the International Labour Organization. Wirepas does not accept any form of forced or compulsory labour, or the use of child labour.

Fair employment practices

Wirepas promotes freedom from discrimination based on race, ethnic or national origin, gender, family status, sexual orientation, creed, disability, age or political beliefs, or other characteristics protected by law. Wirepas fosters equal opportunity and employees are selected and treated on the basis of their abilities and merits. Wirepas does not accept any form of discrimination, harassment or bullying from its employees.

Occupational health and safety

Wirepas is committed to create hazard-free workplaces for its employees by applying high standards of occupational health and safety. Wirepas strives to assure the safety of its products and solutions through its product and solution development processes.
Each employee is responsible for complying with the safety instructions, and for reporting on any shortcomings regarding safety instructions or protection measures.

Conflicts of interest

Wirepas expects full loyalty from its employees. Employees must avoid situations where their personal interests may conflict with those of the company. This means, for instance, that employees are not allowed to accept gifts or entertainment from a stakeholder, except for a gift or entertainment of a minor value given on an occasional basis, providing it does not create a conflict of interest situation.

Anti-corruption

No Wirepas employee may, directly or indirectly, promise, offer, pay, solicit, or accept bribes or kickbacks of any kind, including money, benefits, services or anything of value. Such payments and favors may be
considered bribery, which violates local legislation and internationally recognized principles for combating corruption and bribery.

Environment

Wirepas’ target is to develop and produce for its customers environmentally advanced solutions and services that fulfil essential requirements, such as low emissions and high efficiency. Efforts are made to achieve sustainable development by means of raw material selection, processes, products, wastes, and emissions through the use of the latest technical advances. Each employee shall comply with the policies and instructions regarding environmental protection.

Relationship with authorities and local communities

Wirepas maintains constructive co-operation with authorities and regulatory bodies, at both local and international levels.
Innovation and protection of proprietary information

Wirepas supports and encourages innovation by its employees in all areas of its activities. Wirepas’ intellectual property is one of its most valuable assets and the patents, trademarks, copyrights, trade secrets, and other proprietary information of the company must be protected. At the same time, each employee must respect the intellectual property rights of others.

Accuracy of accounting records

Wirepas accounting records must be accurate and reliable in all material respects. Unrecorded funds are prohibited. The records cannot contain any false, misleading, or artificial entries.

Competition and fair dealing

Competition laws aim to protect consumers and businesses against unfair business practices. Each employee shall comply with those laws. Actions such as participation in cartels, abuse of a dominant position in the market place, or the exchange of price or other commercial information between competitors, are prohibited.

Anti-fraud

Wirepas does not tolerate fraudulent behavior or activities, such as embezzlement, fraud or theft. Such violations will lead to immediate termination of employment and are subject to criminal sanctions.

Implementation

Wirepas takes an active approach to the application of this code and promotes its implementation through the effective communication of its contents to its employees.
Business partners are an important and integral part of the total value chain of the products and services of Wirepas. They are expected to conduct their businesses in compliance with the same high legal and ethical standards and business practices as Wirepas.

In the case that questions arise regarding the interpretation of, or compliance with, this code, Wirepas CEO or Chairman of the board should be contacted. The application of the code will be reviewed from time to time by the Board of Directors, which may decide on necessary revisions or interpretations.

Reporting violations

Any Wirepas employee becoming aware of a potential violation of this code must contact his or her superior or the CEO. Wirepas will investigate all reported matters with discretion.

Sanctions

Violation of this code may lead to a warning, termination of employment and payment of damages. Additionally, certain violations of a criminal nature can lead to criminal sanctions, such as fines or imprisonment.