This regulation describes and explains Gülermak business and management ethics. All of directors, managers, and employees should take into account of business ethical conduct while they are fulfilling the requirements of job and responsibilities.
This code is designed:
It is obvious that any rules and prohibitions would not be sufficient to prevent a delinquency. The Code is crucial in ensuring that our directors, managers, officers and employees are aware of the standards we have set for Gülermak. They are expected to fulfil their job requirements and responsibilities while evaluate and judging in professional and objective way the faults in the management processes.
Conflict of Interest
All employees should pay attention for not causing any possibilities of conflict between their personal and Gülermak’s interests.
Conflicts of interest may occur in the following situations:
Occurrence of similar situations as listed above or even the probability of occurrences should be informed immediately to Head of Business Unit and/or General Manager.
All employees who have access to confidential information provided by Gülermak, other employees or clients are legally responsible for maintaining the confidentiality of given information.
Confidential information is any data or information that is not public or that may have negative impact on Gülermak and its client’s interests, or that can be used by competitors.
All employees should act fairly and equally to Gülermak’s clients, sub-contractors and suppliers. Nobody can take advantage through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other unfair practice.
Protection and Proper use of Company Assets
All employees are responsible for the proper and efficient use of company assets. Theft, negligence and waste have direct negative impact on Gülermak’s profitability. Company assets should be used only for legitimate business purposes.
Accuracy of Recording and Reporting
All employees are obliged to use applicable internal systems for use of records, accounts and internal audits and statements. Manipulation of Gülermak’s records in any way is prohibited.
All reports, documents and correspondences, should be stored and processed in complete, correct, accurate, and understandable way.
Compliance with Law Rules and Regulations
All employees, who work for Gülermak, have to work according to all applicable laws, and mandatory and regulatory rules and regulations.
Contracts with Public Administrations
Contracts made with public administrations, may apply special, complex laws, rules and regulations. Unfulfilling the complete regulations may constitute a criminal offense. Therefore, in order to fulfil the complete regulations, it is advised to request support from appropriate people within the company or, if necessary from appropriate legal institutes or consultants.
Reporting of Inappropriate and not Ethics Behaviour
All employees should encourage all other employees to work according to Code of Business Ethics and in case of violations or any doubts should report immediately to their supervisors/managers and directors.
All directors and managers are responsible for the reporting violations of ethics rules to the Head of Business Unit and/or General Manager. All violations will be examined by the Head of Business Unit and/or General Manager and then necessary sanctions shall be applied. Gülermak, regardless of the intention, will not allow any retaliation against any violation, reporting of inappropriate and unethical behaviours.
Modifications and Waiver
Modifications or waivers of above rules may be done only by the Board of Directors with recommendations of Management of Business unit.
Kemal Tahir Güleryüz