Table of Contents

INTRODUCTION

LAIDISHINE wants to ensure that the products we offer our customers and partners are made in accordance with ethical acceptable principles. The Code sets our minimum standard. The goal is to constantly improve the manufacturing environment and working from an ethical and social perspective. The Code applies to all manufacturing facilities and suppliers that manufacture products for LAIDISHINE. The Code defines the basic rights of employees and is based on the ILO Convention.

CODE OF CONDUCT

The LAIDISHINE Code of Conduct goes beyond compliance with laws and regulations and is based on LAIDISHINE’s core values, The UN Global Compact’s ten principles and the OECD guidelines for multinational companies.

HUMAN RIGHTS

LAIDISHINE supports and respects the protection of internationally proclaimed human rights and ensures that the company is not complicit in human rights abuses.

LABOUR STANDARDS

Freedom of association

As local or relevant laws allows, all employees are free to form, join or not to join unions and have the right to collective bargaining when employed by LAIDISHINE.

Forced and compulsory labor

No form of forced or compulsory labor is tolerated by LAIDISHINE and all employees have the right to leave their employment as stated by contracts or local laws.

Child labor

LAIDISHINE shall not be complicit in any form of child labor or other forms of child exploitation. No one is employed below the completion of compulsory school or under the age of 15 and no one under the age of 18 is employed for hazardous work within LAIDISHINE.

Workplace

LAIDISHINE shall provide a working environment that is healthy, safe and in accordance with international standards and local laws for all employees.

Discrimination

Diversity amongst LAIDISHINE employees is a positive attribute and no one regardless of race, color, sex, sexual orientation, nationality, parental status, marital status, pregnancy, religion, political opinion, ethnic background, social origin, social status, age, union membership or disability shall be discriminated. Harassments in the form of physical or psychological abuse are strongly prohibited within LAIDISHINE as are any kinds of intimidation or other threats.

ENVIRONMENT

Precautionary approach

Sustainable development is a key concept for LAIDISHINE and finite resources are avoided as often as possible. LAIDISHINE also has a precautionary approach towards environmental challenges whereby dangerous materials are avoided when suitable and more environmentally friendly alternatives are available.

Environmental responsibility

Innovative developments in products and services that offer environmental and social benefits are as well as a greater environmental responsibility promoted and supported by LAIDISHINE.

ANTI-CORRUPTION

LAIDISHINE´s reputation of honesty, integrity and responsibility must be upheld and any involvement in bribery, extortion or corruption is not tolerated by LAIDISHINE in any form.

CONSUMER INTERESTS

When dealing with consumers, LAIDISHINE acts in accordance with fair business, marketing and advertising practices. LAIDISHINE also ensures that the goods or services it supplies meet all agreed and legal standards.

COMPETITION

LAIDISHINE is conducting its activities according to applicable laws and regulations and also refraining from entering into anti-competitive agreements.

VIOLATIONS

Violations of this code can result in disciplinary action.

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