CODE OF ETHICS FOR COMPANIES IN THE UNITEAM GROUP

Purpose

The Uniteam Group shall operate in accordance with the owners’ goals and motives. The Company is depending on serious, responsible, loyal and long-term owners and colleagues. Uniteam acts in accordance with The UN Global Compact’s ten principles.

Uniteam’s reputation in society is crucial for the fulfilment of the company’s objective. This Code of Ethics is set up to clarify the companies’ ethical platform. The goal is to stimulate each employee with a corporate culture and behaviour so that each employee reflects the value base for the enterprise (Norwegian MILK: Mennesker, Inntjening, Løsninger, Kvalitet).

Uniteam shall strive for excellence in the following areas: People, Contribution, Solutions, Quality.

The code of ethics shall secure that everyone who acts on behalf of Uniteam carry out their operations in an ethical and defensible way aligned with the standards Uniteam has established. Good judgement, caution and consideration must also be practised on behalf of Uniteam.

Scope

These ethical guidelines apply to all persons that act on behalf of Uniteam – including temporary staff and employee representatives in Uniteam and in Uniteam subsidiaries. If there is any doubt whether an activity is legal or ethically defensible, one must, if feasible, consult one’s superior or the companies’ HR departments in advance and as soon as possible.

Responsibility

The Board of Directors in Uniteam approves the ethical guidelines. The CEO is responsible for preparation, maintenance, implementation and also compliance with these ethical guidelines. All executives/managers have a special responsibility to announce and notify these guidelines to their staff and colleagues and others that might act on behalf of Uniteam.

It is expected that all employees act in accordance with these guidelines. Any breach of these ethic guidelines must be reported. Violation of these guidelines will not be tolerated and could in accordance with relevant legal provisions, regulatory and company regulations lead to disciplinary actions, dismissal or criminal prosecution.

Notice of Ethical Situations

Uniteam wants to actively stimulate responsible ethical behaviour in an improvementfocused and in a non-bureaucratic way. As a principal rule one must discuss ethical issues with ones superior. If this is not suitable in the particular case, one must consult other superiors or the HR department.

An employee who in good faith consults a superior or others in staff functions in connection with ethical issues will be protected against sanctions from Uniteam as a consequence of such communication. Any discrimination or harassment against individuals who has reported ethical issues will be seen as a breach of the ethical guidelines.

Work Enviroment, Equal Possibilities and Personal Behaviour

The work environment shall reflect equality, openness and tolerance. All behaviour must be based on respect for human values. All cultures and customs shall be respected.

Uniteam accepts no form of harassment or discrimination based on sex, religion, race, national or ethnical origin, cultural background, social belonging, handicap, sexual orientation, marital status, age or political opinion.

Uniteam shall be characterized by giving equal employment opportunities and rightful treatment.

Uniteam shall be a clean and sober workplace. Limited amount of alcohol may be served in connection with events or representation. However the intake of alcohol related to events or representation shall never be combined with working with machinery, driving or other hazardous exposed situations. Use of tobacco, snuff or similar must be followed by current law, regulations and the companies’ hygienic rules.

The use of Uniteams branded logo must carried out in caution on the basis of the companies’ reputation.

Uniteam works in accordance with labour laws and takes an active stand against undeclared labour.

Conflict Of Interest, Integrety and Competence

Inappropriate advantages, including but not limited to means that could harm Uniteams reputation or interests, must not be obtained for one self or others. One must always practice good judgement, caution, consideration and integrity on behalf of Uniteam.

Bribery, gifts, benefits and corruption
Illegal or unlawful monetary gifts or other improper advantages shall never be offered to anybody, hereunder public employees, our customers or suppliers, in order to achieve commercial preferential treatment. This applies whether the offer is made directly or through a middleman.

Gifts or other benefits to business associates must be in accordance with local business practice and the recipient’s regulations. The value of the gifts must be limited and should not be handed out on a frequent basis. Gifts, covered travels and or other advantages received from business associates cannot be of such extent or frequency that it may create doubt about Uniteams integrity or the independence of the recipient – this being employees, employee representatives or executives in Uniteam.

Private needs shall not be covered through offers from suppliers to the companies that are better than the general conditions or joint accessible conditions.

Everybody must always practice openness when it comes to receiving and handing out gifts or other benefits.

Uniteam shall not participate in agreements against fair competition or cartels.

Competence
If a personal interest may affect a decision in a case, or other People might consider it likely, the case must be handed over to a superior. One must always inform the superior about a possible incompetence such as ownership interests, family relations or close friendship related to business and business relations. One must declare themselves legally incompetent under such circumstances.

Employees and Members of the Board of Directors must avoid direct as well as indirect personal interests in other businesses if such an interest could be experienced as undermining the loyalty to Uniteam.

Attention/Representation
General forms of hospitality and social gathering is a normal and polite way to take care of business associates. However, the attention must not develop in such a way that it does/can affect the decision-making process. The extent and frequency of the attention must always be reasonable in relations to the extent of business involvement.

Travel expenses
Travel expenses related to work should be covered by the respective company. Exception from this principle requires approval from one’s superiors.

Political contribution
Uniteam as a company, employees or member of the Board cannot give economical support to any political party on behalf of the companies. However this does not prevent Uniteam from supporting specific political views, which could promote Uniteams interests.

Confidential information
Confidential information that is received in the capacity of being a representative for Uniteam must be dealt with respectfully and cannot be used for personal gain or be passed on to persons not concerned. Information regarding prices, products, concepts or other conditions of the utmost importance for business associates must not be passed on to an outsider.

Information, intellectual property rights and innovative ideas are valuable for Uniteam. Employees and Members of the Board must protect such intangible assets in an appropriate way. Confidential information demands careful attention in regards to internal and external interested parties.

Environment

Uniteam aims to practice its activities without harming the environment and human beings, and without loss of material value. Protection and reduction of pollution of the inner and outer environment must be in accordance with the society’s official requirements and principles.

Uniteam shall be recognized as a company continuously working to achieve better health, environment and safety for its surroundings and in connection with its projects and supplies.

Economy and Transactions

Uniteam shall present a complete, genuine, accurate and comprehensible account in its financial reports, and in all other documentation that is passed on to public authority and in general public communication.

All accounts and statements must be kept according to current laws, regulations and good practice. All activities with economic consequences must be properly documented, and transactions must not on purpose be wrongly classified.
The financial statements shall give a correct image of Uniteam’s possessions, contractual obligations and expenses.

Communication

In all communication Uniteam shall be guided by the principle values: PCSQ – People, Contribution, Solutions and Quality. This means that we shall always communicate and treat People with kindness, sincerity, honesty and credibility.

The employees must be the first to receive information that affects their working conditions.