Ethic code

AXCHEM has given an undertaking to all its partners that its employees will comply with rules of ethics and behavior to which it is committed. It is therefore imperative that each one of us behaves in a way which is in keeping with this spirit.

The potential for conflicts between interests on a personal level and those involving business is always present, although the laws governing the conduct of business are quite clear.

It is therefore useful to establish directives regarding conflicts of interest which may arouse controversy. This code of business ethics thus reaffirms AXCHEM’s values.

AXCHEM relies on each person’s sense of responsibility to guarantee ethical behavior on both an individual and collective level.

This Code is necessarily a general one which shall be applicable to everybody. It applies to all AXCHEM Group Companies.

CONFLICTS OF INTEREST AND PERSONAL BUSINESS

AXCHEM expects its employees to act in good faith and in the best interests of the Company and the Group at all times. The position of an AXCHEM employee may not be used to obtain any personal gain or advantage for a relative or close relation. The company’s resources must not be used for work unconnected with its activity or that of the Group. No financial advantage or gift may be accepted or solicited by an AXCHEM employee for the purpose of favoring the interests of a client, a supplier or any third party. Similarly, no gift or advantage in any form may be promised or offered to any person or entity collaborating with or likely to collaborate with AXCHEM or any other Group Company. No AXCHEM employee must become implicated in a situation where he might benefit from a relationship or act perpetrated which is not consistent with the interests of AXCHEM or a Group Company. Thus, no AXCHEM employee may take, directly or indirectly, a financial participation in any company engaged in business relations with AXCHEM or any other Group Company, without the latter firstly being consulted and expressly giving its agreement on the subject, and always provided that the securities in question are not quoted on the stock exchange.

An employee must not represent the Company in any transaction or commercial operation in which he has a direct or indirect interest, unless this interest has firstly been declared to the Company and the latter has given its agreement in writing for this employee to become involved despite having such an interest in the operation concerned. In summary, every employee must act in such a way that he never places himself in a situation involving a conflict of interest, even if this is only a perceived one. The conduct of employees must at all times reflect a commitment to impartiality and fairness in all AXCHEM’s operations.