CODE OF ETHICS
Altay is a pioneering company in the sector that has been implementing universally accepted business ethics principles in the industry since 1957, enabling its employees to comply with and compete for free competition. Since the day it was established, it has never made concessions from the rules of business ethics. All Altay employees are obliged to strive for the settlement and improvement of this principle by advocating business virtue in the business world and in its own sector and to contribute to the effective and efficient use of the resources of the country in this framework.
In this context, Altay employees show attitudes and behaviors in accordance with universally accepted business ethics principles in all actions and transactions against their colleagues, business people and organizations, collecting, customers, suppliers and partners.
Compliance with Altay's Code of Business Conduct has been documented by the TRACE US Business Ethics Association;
What Does it Mean to be TRACE Certified?
It means that an individual or company has completed a comprehensive due diligence process administered by TRACE, the world’s leading anti-bribery standard setting organization. Certification by TRACE signifies that an entity has completed internationally accepted due diligence procedures and has been forthcoming and cooperative during the review process. The successful completion of TRACEcertification demonstrates a commitment to commercial transparency, allowing the certified entity to serve as a valued business partner to multinational companies.
TRACEcertification Report at a Glance
›› Detailed company information, including information on subsidiaries and affiliated entities.
›› Business registrations, as applicable.
›› Corporate literature or a company description.
›› Beneficial ownership (except for shareholders owning less than 5% of publicly-traded companies).
›› Identification of directors and key employees.
›› Additional ownerships, directorships and employment of all owners, directors and key employees.
›› Current government employment of owners, directors and key employees.
›› Contact information for three business references.
›› One financial reference or audited financial statement.
›› Media and litigation searches dating back seven years in a comprehensive international database.
›› Denied party screening and two negative media searches.
›› Evidence of anti-bribery code of conduct and training.
Advantages of being TRACE Certified
›› Gain a valuable compliance credential that differentiates you from competitors and is widely in the international business community.
›› Receive a copy of your verified due diligence report to share with an unlimited number of existing and prospective business partners.
›› Include your name, or company’s name, in the TRACE Intermediary Directory, a publicly searchable database of potential business partners for multinational companies.
›› Train up to 40 employees using TRACE’s multilingual online training modules including: Anti-Bribery Compliance, Avoiding Trafficked Labor, Conflicts of Interest and Conflict Minerals.
›› Display the TRACE logo in your marketing materials and on your website to showcase your commitment to transparency and supply chain integrity.
›› Attend TRACE Anti-Bribery Workshops at no cost.
TRACEcertification is not a guarantee against past or potential wrongdoing by the certified entity or a guarantee against potential liability. A summary of any “red flags” identified during the TRACEcertification review will be included in the report, but not all red flags preclude TRACEcertification.
TRACE International and TRACE Incorporated are two distinct entities with a common mission to advance commercial transparency worldwide by supporting the compliance efforts of multinational companies and their third party intermediaries. TRACE International is a non-profit business association that pools resources to provide members with anti-bribery compliance support while TRACE Incorporated offers both members and non-members customizable riskbased due diligence, anti-bribery training and advisory services. Working alongside one another, TRACE International and TRACE Incorporated offer an end-to-end, cost-effective and innovative solution for anti-bribery and third party compliance.
For more information, visit www.TRACEinternational.org.