The McGuff General Business Principles (MGBP) govern our business decisions and actions. They incorporate the fundamental principles on which all McGuff activities are based: integrity, fair trade, non-discrimination and equal opportunities.
McGuff General Business Principles
Our business principles serve as a foundation for our dedication to responsible corporate citizenship and the pursuit of a sustainable future. These principles provide guidance on integrity and ethical behavior in business conduct and embody our core values.
1. General Commitment
McGuff is committed to enhancing the quality of life for individuals by introducing meaningful innovations, products, and services in a timely manner. With a goal of becoming a leading innovator in the healthcare industry, McGuff aims to provide its customers with products and services that not only meet but exceed expectations.
- Human Rights
- Child, Bonded and Forced Labor
- Free Market Competition
- Product Safety
- Environmental Protection
2. Commitment to Customers
McGuff is driven to improve people’s lives. We maintain an ongoing dialogue with our customers and committed to listen and learn from them.
3. Commitment to Stockholders
We conduct our operations in accordance with internationally accepted principles of good corporate governance. We strive to convey transparency, accountability and responsible decision-making in all areas of operations.
4. Commitment to Employees
We value our employees as a key resource in our mutual success. An atmosphere of good employee communication, involvement and responsibility is of central importance. We encourage our employees’ personal development and optimum use of talents.
- Health and Safety
- Healthcare Insurance
- Equal and Fair Treatment
- Wages and Payment
- Retirement Benefits
5. Commitment to Suppliers and Business Partners
We strive to establish mutually beneficial relationships with our suppliers and business partners, based on shared values of fairness, integrity and compliance with applicable laws.
6. Assets and Information
Use and Protection of Assets
Each employee is responsible for the proper use, protection and conservation of McGuff assets and resources as well as confidential information disclosed to McGuff by its business partners.
McGuff regards information for the purpose of its business as a corporate asset that must be protected against loss, infringement and improper use and disclosure.
7. Business Integrity
We insist on honesty, integrity and fairness in all aspects of our business. Bribes in any form are unacceptable.
Accountability; Records of Transactions
We strive to comply with the highest levels of transparency and accountability throughout the company.
Regulatory Compliance and Quality Systems
We require each business entity to remain compliant and transparent to all regulatory authorities.
Employees are not allowed to have any direct or indirect financial interest in a supplier or competing company with the exception of a financial interest in a publicly traded company.
McGuff companies shall not make payments or donations, in money or in kind, to political parties, political organizations or individual politicians, unless such payments are made in strict accordance with the MGBP Directives.
8. Observance of the McGuff General Business Principles
All employees must comply with the MGBP. Violation may lead to disciplinary action, including dismissal, notwithstanding any further civil or criminal action that may be taken.
In order to promote the reporting of violations of the MGBP, a whistleblower policy is in place, enabling employees to submit complaints on an anonymous basis without fear of the complaints leading to disciplinary action.
Compliance with the MGBP is monitored via a network of quality assurance officers, who regularly report to the Corporate Review Committee for MGBP, which advises Management on the deployment of the McGuff General Business Principles and on ethical issues in general.
Reporting on Compliance
Reporting on compliance with the McGuff General Business Principles is also an integral part of the Statement on Business Controls issued annually by the management of each business unit/department as part of a cascade process leading to CEO/CFO certification of the company’s annual accounts. Compliance processes and procedures are audited by McGuff’s Corporate Internal Audit department.