Last updated on 15 Jul 2022
At iov42, doing the right thing is always a priority. iov42’s continued growth and prosperity is based on our employees acting consistently with our core values and ethical principles.
(1) We act with integrity:
We do what we say we will do. Reliability is everything. We collaborate with honesty & transparency. We seek to understand each other with respect and an open mind, without bias. We treat our customers and partners like one of our own.
(2) We are pragmatic:
With entrepreneurial spirit, we recognize problems and proactively own solutions. We execute with structure and pragmatism. We bring dedication & passion every day. We are forward thinking and anticipate issues & challenges. We leave our egos at the door.
(3) We are fearless:
We are resilient and determined. We are comfortable in uncertainty. We speak up with courage – no idea is a bad idea. We embrace feedback. We make mistakes without fear and learn from them.
This Code of Ethics applies to iov42 Ltd. as well as all its subsidiaries.
I. Acting with Integrity
We act with integrity and hold ourselves to the highest ethical standards. We are guided by what is right. We expect our employees and anyone associated with iov42 to be honest, trustworthy, respectful, responsible, fair, kind, and good citizens.
Our success is based on the reputation and trust we build with partners, investors and customers. As our employees’ behaviour reflects on our company, we act in a manner that protects the company’s reputation and builds trusted, long-term relationships with our partners and customers. We are a company that our partners, investors, and stakeholders can trust in and rely on. iov42 only succeeds to the degree that we treat our partners, customers, co-workers, investors, and stakeholders fairly and honestly. When we fail to negotiate, perform, or market in good faith, we seriously damage our reputation and the trusted, long-term relationships with our partners and customers. In order to avoid even the appearance of impropriety, we avoid conflicts of interest of any kind and strongly oppose any form of corruption or bribes.
II. Creating a Great Working Environment
At iov42 we strive to create an environment that allows people to flourish and a place of work that offers a respectful culture of excellence. We want to keep the entrepreneurial feeling and sense of ownership for our staff. We want iov42 to be a place where our people want to be and feel it is a place where they can do their best work. Having a strong collective team spirit and environment of support and trust is how we will succeed.
We are building a culture where people are motivated, engaged, valued, and growing. We always aim to treat our employees in a fair and consistent manner, promoting good working relationships, encouraging high standards of conduct and work performance, and providing fair rewards. We also aim to provide a healthy workplace, free from risk with due regard for the health, safety, and welfare of all employees. We are committed to a violence-free work environment, and we will not tolerate any level of violence or the threat of violence in the workplace.
III. Striving for Excellence
We build a culture of high-performance and strive for excellence in everything we do. We are committed to providing our customers and partners with a technology that meets or exceeds the highest standards and expectations that we, our customers, and our partners have of our product. The best provision for our long-term success is to deliver a high-quality product that empowers our partners and customers to develop world-changing applications. To this end, we are continuously seeking to improve our product in order to safeguard its commercial viability, continuity, and profitability.
IV. Celebrating Diversity
We see our diversity as a strength. Our diverse backgrounds make us who we are. Differences should be valued. Different people have different perspectives on issues, and that can be valuable for solving problems or generating new ideas. We strive to recruit and appoint the best available person for the job and to encourage the development of all employees to their full potential. We take the promotion of equality of opportunity seriously and will take the strongest action to ensure that no individual suffers discrimination, directly or indirectly, on the grounds of a protected characteristic.
V. Combatting Discrimination and Harassment
iov42 is committed to provide a work environment that is free from discrimination, intimidation, harassment, abuse, and bullying in any form. Verbal or physical conduct by any employee that harasses another or disrupts another’s work performance or creates an intimidating, offensive, abusive, or hostile work environment will not be tolerated. This particularly applies to unwelcome sexual advances, requests for sexual favors, and other unwelcome verbal or physical conduct of a sexual nature.
VI. Recognizing our Responsibility for the Environment
Understanding our responsibility to contribute to a sustainable society, we are committed to lead the industry in minimising the impact of our activities on the environment. In addition, we are developing solutions to leverage our technology for climate action.
VII. Speaking Up
If any employee sees or hears something that they think isn’t right, they are strongly encouraged to speak up. Our employees are especially encouraged to raise legitimate concerns in a responsible way through the established grievance procedure in circumstances where they believe that there has been some form of malpractice, underhanded, or illegal behaviour and where disclosure is in the public interest (“Whistleblowing”). Similarly, employees are encouraged and expected to help each other by speaking out when they happen to witness any form of discrimination, intimidation, harassment, abuse, or bullying, or when a co-worker’s conduct makes them or others uncomfortable. Any reports, concerns and complaints will be handled with the highest level of respect and in the strictest confidence.
We appreciate that there may be occasions where employees see or hear things that while not illegal or underhanded, may well be unethical or make them feel uncomfortable. To address these concerns, iov42 has in place an “Ethics Hotline” for these situations.
VIII. Legality and Respect for Human Rights
iov42 takes its responsibilities to comply with applicable laws and regulations very seriously and each employee is expected to comply with applicable legal requirements and prohibitions.
We believe that the full respect of human rights and democracy are the best context to develop our operation, and that our commitment to human rights results from our ethical principles more than from our legal obligations. Therefore, iov42 is strongly committed to meet its responsibility to respect all internationally recognized human rights standards, such as the rights set out in the International Bill of Human Rights and the principles concerning fundamental rights set out in the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work.