Conflict of Interest

Your judgment is one of the most valuable things you have. You must avoid any activity or association that comes into conflict with the exercise of your independent judgment or appears to come into conflict with it; in the best interest of the Company. Conflicts of interest may arise in many situations. It is impossible to cover all of these in the present document and it will not always be easy to distinguish between suitable and unsuitable activity. When in doubt, consult your supervisor or the Managing Director of your unit before taking any action.

The following guidelines apply to most situations of conflict of interest.

Investments

Do not proceed to any investments that may affect your business decisions. Company policy prohibits the people of MOBIAK SA to hold shares or proprietary interests in any company which is a competitor or partner of MOBIAK SA. This prohibition does not apply to the possession of small amounts (generally under 1%) of shares of a listed company, provided that the investment is not very significant economically so as to create the suspicion of conflict of interest. If you had made potentially prohibited investments prior to your cooperation with MOBIAK SA, report these events to the Managing Director.

 

Family

Notify your supervisor and receive approval from your Department or the supervisor of your work duties and the Managing Director before conducting business on behalf of MOBIAK SA with any company in which you, or a member of your close family environment, may have proprietary interest such that you can benefit from any means through your own actions or the actions of a member of your family.

 

Other work

Do not work for a competitor when employed by MOBIAK SA or do not perform any work or provide assistance to any third party, where such work or assistance could affect your performance or judgment in your employment within MOBIAK SA. Do not use the company name, the facilities or materials of the Company for outside work not related to your employment at MOBIAK SA without receiving authorization from your Department or your supervisor.

 

Personal issues

Even though we acknowledge and respect the rights of the people of MOBIAK SA for the free association with people encountered in their work environment, we must however use our judgment to ensure that these relationships do not affect negatively the work performance, the ability to supervise others, or the actual work environment.

Any behavior in the workplace resulting from a ‘romantic’ relationship or friendship between employees could be inappropriate if this behavior creates a hostile or unfriendly work environment for others. Any favoritism or the taking of business decisions based on feelings, alliances or any friendship contrary to the interests of the Company, is prohibited. Individuals who maintain personal relationships or friendships must use discretion, good judgment and sensitivity. You must have perception of the fact that a certain member from your own family environment could be recruited in a position that could create or suggest a conflict of interest. If such a situation should arise, you must consult your supervisor or the Managing Director of the company for guidance.

Boards

You must obtain approval from the President / Managing Director, prior to agreeing to serving on any Board of Directors or similar body for an outside business or government office. Serving on a Board of Directors for a professional or work-related non profit organization must be approved in advance by your Supervisor