Medontic's code of business ethics

Introduction by the Chairman

As a registered UK company, the Directors and staff of Medontic ltd. seek to provide an effective service to its clients.

Medontic is accountable, through the Directors, to Clients requirements as stipulated in their client agreements and contracts.

Medontic will conduct its affairs in accordance with all relevant legislation.

Medontic aims to conduct its affairs responsibly and in an open manner. We will endeavour to maintain the highest standard of practice in all our work and in our dealings with those outside the company.

This code of ethics sets out how we intend these core values should be applied in our dealings with those with whom we work.

Signed: Maz Zeina MSc. MIPEM

Commercial Director

Date: 4th January 2006

Management Commitment

Medontic will do all in its power to conform to the letter and spirit of this code. In order to monitor its performance in this regard, Medontic is currently seeking accreditation from Good Corporation. This takes into account the views of all our stakeholder groups and, through an independent assessment process, verifies that we 'practice what we proclaim'.

Medontic has identified five principle constituents to whom it has a responsibility: Employees, Clients, Suppliers, the Community and its share holders.

Employees

Medontic values its staff highly and respects their dignity and rights. We

  • will be open and honest with our staff;
  • provide clear and fair terms of employment;
  • provide clean, healthy, safe and secure working conditions;
  • have a fair remuneration policy;
  • strive for equal opportunities;
  • encourage staff to develop skills and progress in their careers;
  • do not tolerate any harassment of our staff of any kind;
  • do not discriminate on any grounds other than the ability to work effectively;
  • only employ those who are eligible to work;

Clients and other users of our services

Medontic treats its subscribers and others for whom it provides services with respect. We -

  • seek to be honest and fair in our relationships;
  • seek to provide standards of agreed service;
  • take all reasonable steps to ensure that reports, training and other services we provide are of a high quality;
  • treat all complaints seriously;
  • treat all corporate and personal information confidentially

Suppliers

Medontic treats its suppliers with respect. We-

  • seek to be honest and fair in our relationships with suppliers including those from whom we commission work;
  • pay suppliers in accordance with agreed terms;
  • have a policy not to offer, pay or accept bribes or substantial favours;
  • encourage suppliers to abide by the principles of our code;
  • aim to procure goods and services from those demonstrating good ethical practice.

Community and environment

Medontic seeks to be a good corporate citizen. We -

  • will make sure that there is a clear public benefit in our programmes;
  • seek to be sensitive to our landlord's and the local community's needs;
  • try to protect and preserve the local environment;
  • endeavour to support ethical trade in our purchasing practices.

Share Holders

Medontic is accountable to the share holders for the use of their funds. We -

  • make available financial reports to our share holders that are accurate and timely and give a fair understanding of the current and future prospects of the organisation;
  • communicate honestly our policies, achievements and prospects.
  • when appropriate, invest financial resources in ethical funds;
  • aim to protect Medontic funds, manage risks;

Implementation

This code will be given and explained to all staff, including those who are temporary or on contract.

They will be expected to work within its letter and spirit.

If advice on the code's contents and application is required, the Directors should be asked.