ANTI-CORRUPTION, TRANSPARENCY AND CONFLICT OF INTEREST.
Definitions
CORRUPTION
From the Latin word corrompere, means “breaking something in two, destroying its integrity”. It is a practice consisting in the use of power and means for economic profit or for any other profit in favor of the one who exerts it.
Types: Bribery (a promise, offer, concession, request and/or acceptance of an undue benefit for one’s own profit or for another person’s); embezzlement or graft, (a wrongful appropriation or other type of diversion of property); influence peddling and power abuse (a promise, offer, concession, request and/or acceptance of an undue benefit by someone, abusing his or her influence or office); illicit enrichment (a significant increase in the estate of a person in respect to the individual’s legitimate income, which cannot be reasonably justified); concealment (or continuous withholding of property knowing it is a product of any of the above offenses).
Transparency: Rassini defines transparency as the attachment to the truth and integrity in organizational and in individual actions before its stakeholders.
Accountability: It is the process by which relevant Rassini’s information is presented in a timely manner for the benefit of its stakeholders.
Conflict of interest: It arises when personal interests or third party interests contradict Rassini’s interests.
DeSCRIptioN
Transparency in our operation and our daily actions makes us stand out before our shareholders, partners, investors, clients, suppliers, collaborators, and the community, extending unbreakable bonds of trust with them.
It is the duty of all Rassini’s collaborators to reject any attempt or act implying corruption or lack of transparency and to report it immediately through the communication channels established by this CE&C.
The company is governed by the best practices of corporate governance in compliance with applicable standards and guidelines, all of which assures complete certainty, transparency and accountability, in accordance with our corporate values and philosophy, as reflected in our annual reports.
Likewise, Rassini is committed to preventing acts by terrorists, drug trafficking and/or organized crime in its facilities and its products and/or merchandise transportation means, for the benefit of the company’s, clients’ and suppliers’ security, as well as for border security of the countries where Rassini is present.
All of Rassini’s collaborators are required to act honestly and ethically, always seeking the protection and advancement of the company’s interests. They must avoid situations that imply or could imply conflicts between personal and corporate interests.
Conflict Situations:
Accepting any personal benefit of any kind, offered by clients, suppliers, government, etc. in any of Rassini’s transactions or negotiations.
Addressing company issues in situations that violate or compromise its image or reputation.
Shareholders and/or employees with relatives in Rassini.
Relatives of the staff and/or shareholders of our company can work in it, as long as they meet the requirements for the position and of applicable policies. Their recruitment is carried out following the Employee Recruitment and Selection Procedure established by the Human Resources Department.
Any inside changes are subject to Rassini’s labor practices and policies.