Because any company needs such an ethical reference; and because of our special public private partnership, and our unique construction in terms of governance, operations and resources, EIT InnoEnergy needs to make business ethics and integrity a structural attribute of our identity.
The resources for the implementation of the activities of InnoEnergy are not employees of InnoEnergy in their vast majority. They are employees of the partners contributing to each activity, and those partners might have a legal relation to (being shareholders of InnoEnergy or of the legal entities of the collocation centers) or not (the so called activity partners). So the InnoEnergy code of conduct needs to be simple (cannot enter into conflict with the code of conduct of the partners where the InnoEnergy implementation resources come from), but clear and enforceable.Who is affected? Every individual working in InnoEnergy KAVA activities, no matter who her/his employer is. Members of all Governing Bodies (Supervisory Board, Executive Board, Collocation/regional office Structures, and Managers of all functions) are the references for all other individuals working in InnoEnergy activities, and should be “leading by example” and agents of enforcement of the Code. The Code of Conduct does not apply to the institutions themselves, only to the individuals in their role as InnoEnergy resource.
To guide our decision making, and help us handle business situations professionally, legally and fairly. It is supported by a wide range of internal processes and rules, which set our obligations and responsibilities.
Beyond the rules: If it does not feel right, it probably is not.
The case will be brought in front of the Audit Committee of the Supervisory Board, which will judge and propose a resolution to the Supervisory Board to adopt. The consequence could range up to exclusion of the individual from InnoEnergy activities for 5 years.
In case of doubt, request for clarification should be brought to the Audit Committee of the Supervisory Board, which will duly clarify it.