Our Growth is Based On Shared Core Values.
As a responsible financial group, MathiPay Exchange is committed to supporting efficient and properly managed utilization of our financial sources, professional personnel, services and products. We take into account the needs of today’s consumers and the interests of future generations through an active policy of environmental and social economic stewardship that is an integral part of our sustainable development strategy. We provide regular and transparent reports.
These business principles are our reference point and go hand in hand with the objective of continued growth, benefiting shareholders, distributors, customers and employees, and contributing to the economic and social development of the countries where we operate.
As a General Principle, MathiPay Exchange:
- Complies with all applicable laws, regulations and decisions of the United Nations and the European Union, especially concerning the environment, Safety, competition and employment.
- Is sensitive to the concerns expressed by international, European Union, governmental and non-governmental organizations in matters concerning our operations.
- Observes the rules of free competition.
- Rejects bribery and corruption in all forms, whether public or private, active or passive.
- Continuously upholds respect for Human Rights standards within its sphere of activity.
MathiPay Exchange Strives To Uphold:
- The principles of the Universal Declaration of Human Rights.
- The key conventions of the International Labour Organization.
- The OECD Guidelines for Multinational Enterprises.
- The principles of the United Nations Global Compact.
Shareholders
MathiPay Exchange strives to earn the confidence of its shareholders, with the objective of providing them with a profitable investment. We regularly provide full and transparent information to all shareholders and are attentive to their concerns, specifically through the Shareholders’ Advisory Committee. We comply strictly with applicable stock exchange regulations and report our activities accurately in our financial statements.
Customers
MathiPay Exchange provides customers with quality products and services, and strives at all times to offer them the best performance at competitive prices for their particular requirements. We are attentive to our customers’ needs, continuously monitoring, assessing and improving our products, services, technology and procedures to deliver quality, safety and innovation at every stage of the development, production and distribution process.
Distributors and Affiliates
MathiPay Exchange is committed to help distributors and affiliates, not only with the incredible benefits of its products and services, but with business opportunities that opens the door to personal success and potentially limitless financial success. MathiPay mission is to empower distributors and affiliates to achieve new financial success and personal freedom by extending those same benefits to those around them.
Employees
MathiPay Exchange has confidence in the loyalty, motivation, competence and sense of responsibility of its employees. We expect them to adhere to the highest standards of integrity and avoid any conflict of interest. We pay particular attention to our employees’ working conditions, respecting individuals, avoiding discrimination, and protecting their health and safety. We include our employees in our development by encouraging the distribution of information, dialogue and consultation. We respect their personal lives. We recruit personnel solely on the basis of our requirements and the specific capabilities of individual applicants. We develop their professional skills and careers without discrimination regarding race, gender, or affiliation with a political, religious, or union organization or minority group. All employees have an annual performance review with management, at which objectives are set, performance assessed and career development discussed. Career development is facilitated by appropriate training.
Suppliers And Service Providers
MathiPay Exchange policy regarding our suppliers and our service providers is to:
- Respect each party’s interests, with transparent and fairly negotiated contract terms.
- Expect them to adhere to principles equivalent to those in our Code of conduct.
- Expect them to improve, on an ongoing basis, their Human Rights standards and procedures.
Business Partners
MathiPay Exchange applies its Business Principles and Rules of Individual Behavior whenever it leads or operates a joint venture. When we do not lead or operate a venture, we require the leader or operator to apply principles that are compatible with our Business Principles and Rules of Individual Behavior.
Host Countries
In conducting its businesses, MathiPay Exchange respects the natural environment and the cultural values of host countries. MathiPay Exchange respects the sovereignty of all States and refrains from intervening in or funding the political processes. However, we reserve the right to express to governments our position concerning our operations, employees and shareholders and our belief in the importance of respecting Human Rights. Through our operations, we contribute to the social and economic development in countries where we operate, particularly local communities.
MathiPay Exchange Rejects All Forms Of Bribery And Corruption.
In particular, MathiPay Exchange will not resort to bribery or corruption “in order to obtain or retain business or other improper advantage in the conduct of international business,” as outlined in the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.
Rules of Individual Behavior
MathiPay Exchange’s harmonious development depends in large measure on the trust between the group and its employees and among the employees themselves. Creating and nurturing this trust entails the observance, at all levels, of certain rules of behavior in situations that can be complex and in the context of potentially hazardous operations.
The objective is not to anticipate and make provision for every contingency in advance. Nevertheless, certain clear, precise principles, together with an individual sense of responsibility and common sense, are a useful references for everyone in the Group, whatever their business activity.
Health, Safety and The Environment
Employees are responsible for ensuring that their involvement in MathiPay Exchange’s activities is carried out in full compliance with Group health, safety and environment rules and regulations.
Professional Relationships
Each employee is expected to be loyal and attentive to the quality of his or her relationships with colleagues, and to refrain from any act of discrimination. Every employee should try to work as part of a team.
Information Technology and Communication Resources
MathiPay Exchange IT and communication resources are intended for professional use. Reasonable personal use may be tolerated, in line with applicable laws and regulations.
Customer & Supplier Relations
Employee relations with customers and suppliers should be fair and honest, in strict compliance with contractual undertakings and applicable laws and regulations. The giving or receiving of gifts or entertainment should remain within acceptable limits, having regard to what is customary and the provisions of anti-corruption legislation. In case of doubt, employees shall obtain the approval of their management. Under no circumstances may employees solicit gifts or invitations.
Confidentiality and Intellectual and Industrial Property
Employees have a duty to take the necessary steps to protect the confidentiality of any information acquired in the course of their employment, of which they are merely the custodians. Employees shall not disclose confidential information, whether verbally, in writing, or electronically, unless expressly authorized to do so by their management. They must also observe the rules and regulations governing intellectual and industrial property. This duty remains in effect even after an employee leaves the Group.
Conflicts Of Interest
Employees may encounter situations where their own personal interest or that of persons or companies with which they have ties or links may conflict with the Group’s interest. In such cases, they shall act bearing in mind the Group’s interests and the loyalty they owe to the Group. In the event of doubt, they should consult their management or the Governance and Ethics Committee.
To avoid conflicts of interest, employees should not:
- Acquire an interest in a competitor, supplier or customer without the prior written approval of their management.
- If employed on a full-time basis by the Group, exercise any outside professional activity without first obtaining the written approval of their management.
Insider Trading
Employees who have access by reason of their employment to information that is not public and that could affect the share price of any company inside or outside the Group if made public, may not trade in the shares or other securities of the company in question, either directly or through another person, as long as this information has not been made public.
Political Activity
Employees who could be considered to represent the Group shall refrain from political activity in countries where they are not entitled to exercise political rights and where the Group operates. In addition, employees must refrain from doing anything that would be contrary to such countries’ traditions or cultures.
The Governance and Ethics Committee
The governance and ethics committee reports directly to the chairman and chief executive officer. Its composition, scope of work, and procedures are described below:
Composition and Appointment of Committee Members
The Governance and Ethics Committee comprises a Chairman and five other members. The Chairman and Chief Executive Officer appoint the Chairman of the Ethics Committee. The other members are appointed, with their consent, by the Executive Committee on the recommendation of the Chairman of the Governance and Ethics Committee.
The members of the Governance and Ethics Committee are Group Directors who collectively have broad experience of the Group’s different businesses and disciplines and occupy positions that guarantee the necessary independence and freedom of judgment.
Members of the Governance and Ethics Committee cannot delegate their functions to non-members of the Committee. Each Committee member is appointed for a term of four years, unless some other provision is made, to ensure a regular turnover of Committee members.
An appointment to the Governance and Ethics Committee may only be revoked by a written decision of all other Committee members. A copy of any such decision must be addressed to the Chairman and Chief Executive Officer and to the Committee member concerned.
Scope of Work
The Governance and Ethics Committee, which reports to the Chairman and Chief Executive Officer, is responsible for general oversight of ethical issues related to the Group’s activities.
The Committee:
- Makes recommendations to the Chairman and Chief Executive Officer on all ethical issues, whether in relation to matters on which the Committee has made an independent inquiry or questions that have been submitted to it.
- Notifies the Divisions of any risk that Group activities may be contested on ethical grounds.
- Ensures that the Group’s Code of Conduct is circulated and proposes any amendments it considers necessary or appropriate.
- Ensures that the procedures are in place for the Group’s employees to become thoroughly familiar with the Code of Conduct, understand its provisions and apply them.
- Assists in preparing and authorizing any specific Code of Conduct that may be necessary for a particular subsidiary.
- Recommends procedures for and, at its discretion, provides replies in the strictest confidence to any question Group employees may have concerning application or compliance with the Code of Conduct in specific circumstances.
- Reviews, with the business units concerned, any verbal or written communications relating to ethics in the Group and any contacts related to ethics, in particular with international, European Union, governmental and non-governmental organizations.
- Reviews, with the business units concerned, replies to any correspondence contesting the ethical standards applied in the Group or by any subsidiary.
- Advises the Group’s training departments on incorporating, where appropriate, a presentation on the Code of Conduct into training programs, in particular those for new recruits and management.
Procedures
Each Division is encouraged to inform the Governance and Ethics Committee in advance of new projects and proposed changes in an ongoing business activity that could raise an ethical issue by reason of its scope or potential impact on local communities.
The Chairman of the Governance and Ethics Committee is provided with all files submitted to the Group Management Committee. He or she also receives in advance copies of the agendas of all divisional management committee meetings and all Risk Assessment Committee meetings. He may attend meetings of the Risk Assessment Committee or designate another member of the Governance and Ethics Committee to attend. A copy of all correspondence addressed to any of the business units calling into question the Group on ethical grounds is sent to the Governance and Ethics Committee.
The Chairman and Chief Executive Officer or any employee of the Group may request the Governance and Ethics Committee’s advice on any ethics-related matter, notably any difficulty in the practical implementation of the Code of Conduct.
The Committee, at its discretion, may address its replies exclusively to the persons requesting its advice. Its members may not reveal the identity of anyone requesting their advice and may not disclose information that would make it possible to identify them. The Committee may also consider on its own initiative any ethics-related matters concerning the Group. The Committee is entitled to visit any Group facility or subsidiary. It is assisted by the Group Audit Department, with which it maintains regular contact.
Meetings of the Governance and Ethics Committee can be convened to deliberate on a given agenda by the Chairman or by a majority of its members. The Chairman of the Governance and Ethics Committee submits an annual report to the Executive Committee and the Board of Directors.
