Regulatory Compliance

The Company has set basic principles regarding its smooth operation, which should be familiar to all staff and executives. The primary goal of the Company’s Code of Conduct is to create a climate of trust between its various groups and levels of employees. The philosophy of the Company focuses on the rapid response and coverage of the needs of its customers and the implementation of a flexible management system.

The need to establish ethical rules arose mainly from:

• the nature of the work,

• the technical systems it uses,

• the growing volume of investments it makes,

• its obligations to the supervisory bodies and

• the existence of important information handled by the individual Departments.

Trust-based cooperation is considered essential for the efficient operation of the company. It is noted that the principles described in the Code of Conduct, are not intended to replace Labor Law, Case Law, Contracts or Labor Regulations, but describe the principles governing the Company’s relations with its employees.

All employees of the Company must keep confidential any information related to their corporate activities / operations. The members of the Board of Directors, the members of the respective committees and the senior executives are obliged to complete and sign a certificate of non-conflict of interest, in which they must state any personal and business relationship they or their families have with any third party the Company cooperates (customers, suppliers, consultants, etc.). The executives are also obliged to report to the company, any conflict of interest that arises after the signing of this certificate.