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Cormetech's Values and Operating Environment

Our mission is clear…
“ Be the leading supplier of innovative solutions for the environmental challenges of industries with stationary source emissions.”

We do this by…

  • Producing quality products, which meet or exceed the expectations of our customers.
  • Working to achieve quality through working together to continuously
    improve the things we do and the way we do them. At Cormetech, the team is the center of all functions. Part of your responsibilities will be to work with your team to find better ways of doing things, at the same time that you are doing your job to produce quality results.
  • Working as a team is critical. None of us can work in isolation. All of us
    are expected to teach and learn in order to continuously improve our products and our individual contribution. We are all responsible for the overall quality of our products.
  • Finally, we produce quality results through behaviors that others admire.

These behaviors include mutual respect, strong work ethics, life long learning, and a commitment to being better today than yesterday. Results and positive behaviors determine the overall performance of Cormetech.

Code of Business Conduct

Cormetech expects that all of its officers, managers, and employees will follow the guidelines outlined below in all competitive interactions, and business conduct.

  1. Conflicts of Interest

The following section describes activities that could be detrimental to Cormetech and must be avoided:

1. Employees should not be involved in any activity, including personal investment, which competes or is in conflict with or gives the appearance of conflict of interest with the business of Cormetech.   Outside business activities of Cormetech employees require the prior approval of Cormetech.

2. No employee shall be employed or have a direct or indirect significant financial interest in any company ( other than as non-material shareholders in publicly traded companies) which is engaged in the same or similar line of business as Cormetech. Significant financial interest is one which is so substantial as to create a potential risk of interference of an individual’s exercise of independent judgment in the best interest of Cormetech .

3. No employee shall accept or request directly or indirectly any article of value from anyone connected with a company with which Cormetech is negotiating, contracting, or dealing if the item in question may influence the individual in negotiating or dealing with their company.  All employees are to advise their manager of any gifts received as a result of employment with Cormetech.

4. No employee shall directly or indirectly give a gift or favor or engage in the entertainment of any person, firm, or corporation negotiating, contracting or in any way dealing with Cormetech or likely to negotiate, contract or deal with Cormetech, except as may be consistent with generally accepted ethical standards and business practices, applicable law and Cormetech policy.  No gift, favor or entertainment may be given if it could be construed to be a bribe, payoff or secret compensation.  The use of bribes, payoffs and secret compensation are improper and will result in disciplinary action .


5. No employee shall accept , in addition to a regular salary, fees or other compensation as fixed by Cormetech, any money or thing of value, directly or indirectly (whether or not through any substantial interest in any business or personal relationship), for negotiating, procuring, recommending or aiding in any purchase, sale, or rental of property or any loan or other transaction made by, to or for Cormetech .

6. No employee of Cormetech shall, without proper authority and agreement of the appropriate Cormetech officer, give or release to anyone not employed by Cormetech, or to another employee who has no need for the information, data or proprietary information of a confidential nature concerning Cormetech .

 

  1. Business Conduct

This section details Cormetech’s expectations for employee business conduct:

1. Employees dealing with contractors, vendors, suppliers, consultants, customers, and other persons having business with Cormetech shall conduct such activities in the best interests of Cormetech without favor or preference.

2. No payments may be made to secure preferential action from government or political officials. 

3. Gifts and entertainment provided to customers are limited to $25 in value.  Exceptions to this rule include entertainment when it is considered a routine part of conducting normal business interactions. 

4. No political contribution shall be made by or on behalf of Cormetech to any political party, committee, officeholder or candidate for any public office within the United States or to any candidate or government official outside the United States which violates applicable laws.  Employees are encouraged to engage in lawful political activity as they consider appropriate.

5. Employees in subordinate/supervisory relationships are not to exchange favors or gifts which could or could appear to give rise to any obligation.

6. Employees are required to follow all provisions of the U.S. Foreign Corrupt Practices Act which, among other things, prohibits U.S. corporations, their officers, directors, employees, agents or stockholders from making illegal payments to foreign officials.

7. Employees are required to comply with all applicable antitrust laws and may not enter into any agreement, plan or undertaking (written or oral) with competitors concerning pricing, terms and conditions of sale, production, distribution, territories or customers.  Employees must not exchange or discuss pricing, marketing plans, costs or other competitive information with Cormetech’s competitors.  Employees must not engage in any action that Cormetech believes violates the antitrust laws.  Employees responsible for Cormetech’s conduct in these areas should be familiar with the antitrust laws and should consult with Cormetech’s legal counsel.


Any questions regarding compliance to these standards should be directed to the Corporate Human Resources Manager.  Concerns about inappropriate action by any employee of Cormetech should be brought to the attention of any officer or director of Cormetech for investigation.  All reports of possible violations of the Code of Business Conduct will be investigated promptly.