Victaulic Code of Conduct

Vendor and Supplier RelationshipsI have a long time personalQ: relationship with our supplierof replacement motors. We socializeon the weekend and he often takesmy wife and I out for dinner. Am Idoing anything wrong?Considering your longtermrelationship with this A:individual you should be reportingthis as a conflict of interest to yourmanager. It would be in everyone’sbest interest to re-assign thisrelationship to another buyer orcommodity manager.Victaulic maintains zero tolerancefor bribery and expects oursuppliers and contractors to dothe same. Bribery is directly orindirectly giving or promisinganything of value to improperlyinfluence the actions of a thirdparty. Bribes may include money,gifts, travel expenses, hospitality,vacations, expenses or any direct orindirect benefit of consideration.Victaulic’s relationships with suppliers, vendors andsubcontractors will be based on lawful, competitive andfair trade practices. It is Victaulic policy to purchase allequipment, supplies and services based on merit – theability to meet our requirements for quality, price anddelivery. All suppliers will be treated with integrity, fairnessand without discrimination.We will do business only with suppliers that comply with localand other applicable legal requirements.Victaulic associates should not take unfair advantage ofanyone through manipulation, concealment, abuse ofprivileged information, misrepresentation of material facts orany other unfair dealing practice.We will safeguard Victaulic’s confidential and proprietaryinformation with a confidentiality agreement and safeguardany supplier-provided information protected by anyconfidentiality agreement.As a global company, Victaulic seeks to negotiate formalcontracts for ongoing services or large-scale purchases.Global procurement or legal should be utilized as needed.Background Checks – Suppliers/Contractors/ConsultantsWe should apply the same standards in hiring contractorsand consultants as we would with our employees: competent,professional, reputable and honest. Those employeesinvolved with procurement decisions and the hiring ofcontractors or consultants should also conduct appropriatebackground checks of the consultants and contractors.Examples of Improper Abuse in Supplier Relationship:Victaulic awareness lineRefer to the ‘Our Company’section of Victaulic.com forspecific contact information.[ 20 ] www.victaulic.comFrancine, a buyer, directed business to a supplier ownedand managed by her cousin without conductingappropriate background checks and supplier compliance.Tim selected his new office supplies vendor because theygave him free school supplies for the next several years.John, foundry manager, selected a scrap dealer becausehe provided a 10 percent kick-back for every pound ofscrap material processed.