Code of Business Ethics
Introduction by the Chairman
As a registered UK company, Elexadent Ltd and its Directors are committed to providing an effective service to our clients while complying with all relevant legislation and regulations. We take our responsibility towards our clients seriously and aim to maintain the highest standards of practice in all our work.
Our company is accountable to our clients through their agreements and contracts with us. We aim to conduct our business affairs responsibly and transparently, and to deal fairly and openly with all stakeholders.
This code of ethics outlines our core values and how we apply them in our business dealings. We strive to uphold the principles of integrity, professionalism, and respect in all our interactions, and to act with honesty and integrity at all times.
We are committed to continuous improvement and welcome feedback from our clients and partners. Thank you for choosing Elexadent as your partner, and we look forward to continuing to serve you with excellence.
Maz Zeina MSc. Commercial Director
Date: 11th May 2023
Management Commitment
Empowering Elexadent's Future: Our Management Commitment
At Elexadent, we are committed to driving the future business development of our company through innovative practices that place our clients, employees, suppliers, the community, and our shareholders at the forefront of our operations.
To ensure that we stay true to our values and commitments, Elexadent has appointed a non-executive independent advisor who is responsible for conducting independent reviews of our stakeholder groups. Through an assessment process, the advisor verifies that our practices are in conformity with the highest ethical standards.
We have identified five principal constituents with whom we have a responsibility: Clients, Employees, Suppliers, the Community, and our Shareholders. As a UK-registered company, Elexadent pledges to conduct its affairs in accordance with all relevant legislation while maintaining the highest standards of practice in all our work and dealings with those outside the company.
We are committed to upholding our core values of accountability, responsibility, and transparency in our business dealings and intend to apply these values in all aspects of our operations.
Code of Business Ethics
Elexadent treats its subscribers and others for whom it provides services with respect.
- We Seek to be honest and fair in our relationships;
- Seek to provide standards of agreed service;
- Take all reasonable steps to ensure that reports, training and other services we provide are of a high quality;
- Treat all complaints seriously;
- Treat all corporate and personal information confidentially
Elexadent values its staff highly and respects their dignity and rights.
- We will be open and honest with our staff;
- Provide clear and fair terms of employment;
- Provide clean, healthy, safe and secure working conditions;
- Have a fair remuneration policy;
- Strive for equal opportunities;
- Encourage staff to develop skills and progress in their careers;
- Do not tolerate any harassment of our staff of any kind;
- Do not discriminate on any grounds other than the ability to work effectively;
- Only employ those who are eligible to work;
Elexadent treats its suppliers with respect.
- We Seek to be honest and fair in our relationships with suppliers including those from whom we commission work;
- Pay suppliers in accordance with agreed terms;
- Have a policy not to offer, pay or accept bribes or substantial favours;
- Encourage suppliers to abide by the principles of our code;
- Aim to procure goods and services from those demonstrating good ethical practice.
Elexadent seeks to be a good corporate citizen.
- We will make sure that there is a clear public benefit in our programmes;
- Seek to be sensitive to our landlord’s and the local community’s needs;
- Try to protect and preserve the local environment;
- Endeavour to support ethical trade in our purchasing practices.
Elexadent is accountable to the shareholders for the use of their funds.
- We make available financial reports to our shareholders that are accurate and timely and give a fair understanding of the current and future prospects of the organisation;
- Communicate honestly our policies, achievements and prospects.
- When appropriate, invest financial resources in ethical funds;
- Aim to protect Medontic funds, manage risks;
This code will be given and explained to all staff, including those who are temporary or on contract.
They will be expected to work within its letter and spirit.
If advice on the code’s contents and application are required, the Directors should be asked.
Elexadent confirms its conformance with both the GDPR and Children code in the processing of personal data during. This can be confirmed during the processing of all orders as part of the design of the Elexadent website.
This code is also explained to all our staff, including those who are on temporary or permanent contract. They will be expected to work within these codes.
If advice on the code’s contents and application are required, the Directors should be contacted.
Elexadent Ltd Code of Ethics: Equipping Dentistry
Preamble
Elexadent Ltd is committed to upholding the highest standards of ethical conduct in all aspects of our business operations. Our mission is to provide quality dental solutions while fostering trust and integrity in our relationships with clients, suppliers, and the community. This Code of Ethics outlines our principles and expectations regarding financial dealings, ensuring that we operate in a manner that reflects our values and commitment to ethical practices.
Core Principles
- Integrity in Financial Dealings
- Elexadent Ltd shall conduct all financial transactions with honesty and transparency. We will not engage in any practices that could be perceived as deceptive or misleading.
- Prohibition of Interest Payments and Receipts
- Elexadent Ltd strictly prohibits the payment or receipt of interest in all financial dealings. This includes, but is not limited to:
- Loans
- Credit arrangements
- Payment terms that involve interest charges
- This policy is rooted in our commitment to ethical business practices and aligns with our ethos of fairness and respect for all stakeholders.
- Fair Pricing and Value
- We are dedicated to providing fair and competitive pricing for our products and services. Our pricing strategies will reflect the value of our offerings without resorting to interest-based financing.
- Transparency and Accountability
- Elexadent Ltd will maintain clear and open communication regarding our financial practices. We will provide stakeholders with accurate information about our pricing, payment terms, and financial policies.
- Respect for Stakeholders
- We recognize the importance of building and maintaining strong relationships with our clients, suppliers, and partners. Our financial dealings will reflect respect for all parties involved, ensuring that no stakeholder is unfairly burdened by interest-related costs.
- Compliance with Laws and Regulations
- Elexadent Ltd will adhere to all applicable laws and regulations governing financial transactions. We will ensure that our practices are compliant with industry standards and legal requirements.
- Continuous Improvement
- We are committed to regularly reviewing and improving our financial practices to ensure they align with our ethical standards. Feedback from stakeholders will be welcomed and considered in our ongoing efforts to enhance our operations.
Implementation and Enforcement
- All employees, management, and stakeholders of Elexadent Ltd are expected to adhere to this Code of Ethics. Violations of this code will be taken seriously and may result in disciplinary action, including termination of employment or business relationships.
Conclusion
Elexadent Ltd is dedicated to equipping dentistry with high-quality products while maintaining ethical financial practices. By adhering to this Code of Ethics, we aim to foster a culture of integrity, respect, and accountability in all our dealings.