Monbat’s business is built on the basis of responsibility and transparency towards all stakeholders.
Monbat regularly discloses non-financial information as well in relation to the Corporate social responsibility policy adopted by the Board of Directors. The Company annually reports to the Global Compact presenting a Communication on Progress by the end of March on account of the previous year.
Monbat has developed the following documents:
- Policy on Safety and Health at Work
- Quality Policy
- Environmental Policy
The Monbat policy towards stakeholders is in compliance with the existing laws and is based on the principles of transparency, accountability and business ethics.
The Code of Ethics influences positively the implementation of the corporate values in the daily operation of the group. Its guiding principles are actively promoted by the management and their expression can be found in the whole communication and presentations of Monbat such as investor communication, human capital management, marketing materials, sales negotiation process, anti-corruption activities, media relation, internal policies, and informal communication.
The Board of Directors encourages co-operation between the group and its stakeholders, providing regular information on its activities, financial standing and its decision-making process. All interested parties are welcome to provide feedback or propose further sustainability-related activities through the official contacts of the group or directly to the members of the Sustainability Committee.
National Corporate Governance Code
Monbat complies as appropriate with the National Corporate Governance Code and operates in full compliance with the principles and provisions of the Code.
The activities of the Board of Directors of Monbat were implemented in full compliance with the regulatory requirements set out in the Law on Public Offering of Securities and the respective implementing by-laws, in its Articles of Association and the National Corporate Governance Code.
The corporate Board of Monbat considers that there are no parts of the National Corporate Governance Code with which the company does not comply.
The National Corporate Governance Code is being applied subject to the “comply or explain” principle.
This means that the company complies with the Code and in case of any deviation its corporate board should explain its reasons.
The Corporate Board
The Corporate board ensures effective interaction with the company's stakeholders. This category includes certain interested parties who are directly influenced by the company and who are in a position to influence the company themselves.
In the Corporate Governance Declaration Monbat identifies as stakeholders, interested in its activities, all persons/entities that are promoting the economic prosperity of the company: customers, workers and employees, creditors, suppliers and other contracting parties, local community and other interested parties.
Monbat regularly discloses non-financial information as well in relation to the corporate social responsibility policy adopted by the Board of Directors and it annually reports non-financial information in the Annual Audited report.
The company’s policy towards stakeholders is in compliance with the existing laws, based on principles of transparency, accountability and business ethics.