These Business Policies are applicable to everyone within
Femco Mining Parts, including directors, officers and employees.
Corporate Values
Integrity
We are committed to integrity and consistently high ethical standards in all
our business dealings.
Trust
Effective business relationships inside and outside Femco Mining Parts
is possible only with high levels of trust between the parties.
Openness
We seek to be open and straightforward, mindful of commercial confidentiality.
Partnership
We seek to stimulate the sharing of information, knowledge, experience and
skills both within Femco Mining Parts, and where appropriate, with
our business partners externally.
Teamwork
Just as Femco Mining Parts depends on value-enhancing teamwork internally,
teamwork and common cause pervade all our activities, including relations with
our partners.
Corporate Conduct
We attempt to comply will all applicable legal, regulatory and license requirements
in the countries where we do business. We aim to co-operate fully with government
and regulatory bodies. We apply high standards of corporate governance to
the operation of Femco Mining Parts.
We do not make contributions to political parties.
Health, Safety and the Environment
Protection of the health and safety of our employees, all those affected by
our business and the protection of the environment, are critical to the overall
success of the company.
A safe and secure working environment is fundamental
to business success and we seek to protect our personnel, physical
assets, information and company reputation from harm.
Communication
We recognize the vital role that clear and effective communication plays in
sustaining business relationships and safeguarding public confidence in Femco Mining Parts's activities. Openness and transparency of operations,
appropriate to the expectations of respective audiences, are a key business
goal, subject to the demands of commercial confidentiality. It is also recognized
that effective internal communication is important to the success of Femco Mining Parts, and central to sustaining our corporate values.
Third parties
When we operate in conjunction with third parties, or with associated companies
or in joint ventures we always seek to promote the application of these Business
Principles.
Customers
We aim to deliver customer satisfaction by developing and maintaining mutually
profitable and lasting relationships with customers, offering value in terms
of price, safety and quality and responding to customers' needs through continuous
innovation.
Economic Priorities
Femco Mining Parts is a commercial organization operating in and subject
to the forces of the private sector. We pursue corporate opportunities that
provide an appropriate return for our investors in order to discharge Femco Mining Parts's responsibilities and to remain in business.
We recognize that many of Femco Mining Parts's
activities will be subject to regulation. We work constructively with
host governments and regulatory authorities to ensure that such regulation
is conducive to the highest standards of environmental performance,
safety and operational integrity, and balances the interests of investors
and other stakeholders.
These Business Principles are fundamental to the
conduct of our business and must not be compromised. Everyone within
Femco Mining Parts is responsible for observing these Business
Principles. Managers are specifically responsible for these standards
and for ensuring they are applied throughout Femco Mining Parts. All corporate decisions will be made in line with these
Business Principles.
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