Legal stuff

Check our Code of Ethics and Business Conduct below

Message from the Founders

 

Our commitment to ethical behavior and solid ethical foundations are the essential components of Kloudblaze Kft’s operation. We are committed to doing business the right way, based on a culture of ethics and compliance. 

In the long term, we can successfully face the challenges of a competitive market environment by accepting the imperatives of moral responsibility, both as individuals and as a company. In performing the job duties, the employees should always act lawfully, ethically, and in the best interests of the Kloudblaze Kft.

Thank you for upholding our values and helping us do things right. It does not only mean that we provide exceptional quality products and services but also that ethics and integrity are always kept in mind. We source material only from trusted suppliers with impeccable human rights and compliance records and ensure our high-integrity supply chain. We monitor our entire operation for compliance with our Code at all times. 

Gabor Andrasi & Mark Lowy

Founders/Owners

 

 

Introduction

 This CODE OF ETHICS AND BUSINESS CONDUCT of Kloudblaze Kft. Serves as our ethical commitment and as a guide to proper business conduct for all of our stakeholders. We at Kloudblaze Kft. are committed to doing business legally, ethically, and transparently.

This document applies to all staff who work for the Kloudblaze Kft. (including officers, directors, managers, team leaders, employees, temporary, agency, interim, sub-contractor, or consultant staff), and also include other organizations who do business with us.

Kloudblaze Kft. expects its staff to be impartial and honest in all affairs relating to their job. All team members are generally responsible for good faith and do nothing to destroy the trust necessary for employment.

The success of our business is based on the trust we earn from our employees, customers, and shareholders. We gain credibility by adhering to our commitment to fairness and reaching our goals solely through ethical conduct. All staff is expected to comply with this Code in their professional and personal conduct and treat everyone with respect, honesty, and fairness.

Kloudblaze Kft. is open to questions and will not allow punishment or retaliation against anyone for reporting misconduct in good faith.

Managers and leaders have a higher responsibility for demonstrating, also through their actions, the importance of this Code. Managers and leaders are responsible for promptly addressing every raised ethical question or concern. Employees must cooperate in investigations of potential or alleged misconduct. 

Non-compliance to this Code is considered misconduct that could warrant disciplinary action, including termination of employment or other contracts in deserving cases.

We are committed to applying our values and norms throughout the entire value chain of our suppliers, sub-contractors, service providers, and business partners.

 

Ethical Values

Our core values at Kloudblaze Kft are:

  • Honesty 
  • Integrity 
  • Trustworthiness 
  • Respect for others 
  • Responsibility 
  • Accountability 
  • Reliability 
  • Obedience to the law

 

Ethical Decision-making

Ethical conduct is value-driven decision-making. Several key questions can help to identify situations that may be unethical, inappropriate, or illegal. Ask yourself: 

Is what I am doing legal? – Does it reflect our company values and ethics? – Does it comply with the Code and company rules/policies? – Does it respect the rights of others? – How would it look if it made the news headlines? – Am I loyal to my family, company, and myself? – Is this the right thing to do? – What would I tell my child to do? – Have I been asked to misrepresent information or deviate from the standard procedure?

 

Compliance with laws and regulations

Our commitment to integrity begins with complying with laws, rules, and regulations. We understand and comply with a lawful business’s legal requirements and commercial practices.

We commit ourselves to comply with every valid and binding contractual agreement that we conclude, and we do not abuse our rights.

Our staff must follow applicable laws and regulations, including the Code, at all times and must ensure compliant operation.

 

Sustainability: People + Profit + Planet

We commit ourselves to meeting current requirements without compromising the needs of future generations. Our operation and business decisions combine economic, environmental, and social factors. 

 

Human rights

We are committed to respecting each individual and community’s› human dignity and the rights we interact with during work. We shall not, in any way, cause or contribute to the violation of human rights. Our staff shall treat everybody with dignity, respect, and care and uphold human rights.

 

Fair labor practices and working conditions

We are committed to promoting equality in our employment practices and fair employment and remuneration policy to comply with applicable laws. We firmly oppose employing or contracting child or slave labor or any form of forced, compulsory, or bonded labor. We condemn all forms of illegal, unfair, unethical labor practice that exploits the workforce, destroys social security, or serves as tax evasion, including but not limited to undeclared and «grey» work or holding back wages.

Our staff shall act with integrity and treat their colleagues and others through the work with complete respect.

 

Discrimination and harassment

We provide equal employment opportunities and do not tolerate discrimination, harassment, or abuse. No direct or indirect discrimination shall occur based on any professionally non-relevant trait or circumstances, like gender, marital status, age, national or social or ethnic origin, color, religion and political opinion, disability, sexual orientation, employee representation, property, birth, or another status. Any discriminatory behavior, harassment, bullying, or victimization is prohibited. 

All staff members must follow the highest standards of conduct in all verbal and written communication based on mutual respect. They must refrain from harassment, slander, or any behavior that could be taken as offensive, intimidating, humiliating, malicious, or insulting.

 

Health, Safety, and Environment

We provide clean, safe, and healthy work conditions and are dedicated to maintaining a healthy environment. We are devoted to minimizing the impact on the natural environment of our operations. We make efforts to reduce the use of finite resources, like energy or water, and harmful emissions, like waste.

All staff must comply with every relevant health, safety, and environmental protection law, regulation, and rule.

 

Fair competition and business conduct

Our relationships with business partners are built upon trust and mutual benefits compliant with competition law. We are dedicated to ethical and fair competition, as we sell products and services based on their quality, functionality, and competitive pricing. We will make independent pricing and marketing decisions and not improperly cooperate or coordinate our activities with our competitors. We will neither offer nor solicit improper payments or gratuities nor engage or assist in unlawful boycotts of particular customers. We commit to complying with all applicable trade controls, restrictions, sanctions, and import-export embargos.

We do not allow any violence against the fairness of any tendering process. We refrain from damaging competition, the reputation of any business partners, and any behavior that harms competitors» creditability. 

We do not hold back maliciously, unlawfully, or unduly payments towards our partners, and we do not allow such practices in our supply chain; we fight the unethical practice of the «debt chain.»

Our staff is responsible for ensuring fair business during their job and adhering to every competition, consumer protection, and appropriate marketing rule. Customers and business partners shall be treated fairly and equally. Products and services shall be displayed relatively accurately (fair marketing and advertising), which discloses all relevant information.

 

Anti-corruption

We firmly condemn and do not tolerate all forms of corruption. It is prohibited directly or indirectly from offering, promising, giving, asking, soliciting, or accepting any unfair advantage or benefit from obtaining, retaining, or facilitating the business. An unfair advantage or benefit may include cash, any cash equivalent (e.g., voucher), gift, credit, discount, travel, personal advantage, accommodation, or services. We do not permit facilitation (or «grease»») payments to government officials or private businesses to secure or speed up routine actions. Corruption also covers the misuse of function or position when someone makes a false appearance that s/he improperly influences a decision-maker. 

Corruption for obtaining or retaining business or obtaining or retaining an advantage in business conduct is considered gross misconduct. Similarly, accepting or allowing another person to take a bribe is deemed to be gross misconduct. Our staff must account for all benefits of doing business and not give or receive fixes or act corruptly.

 

Gifts and Hospitality

We shall avoid actions that create a perception that favorable treatment was sought, received, or given in exchange for personal benefits.

Business courtesies or benefits include gifts, gratuities, meals, refreshments, entertainment, or another advantage from persons or companies with whom we do or may do business. We will neither give nor accept such benefits that constitute, nor could reasonably be perceived as constituting, unfair business inducements that would violate law, regulation, or policies or cause embarrassment. Our staff may never use personal funds or resources to do something our help cannot do.

We may accept and offer occasional gifts and customary hospitality that conform to the market’s reasonable ethical practices. These gifts should not be inappropriately excessive, not frequent, and do not reflect a pattern of regular acceptance, nor create the appearance of an attempt to influence business decisions. Only trivial gifts with low value can be accepted. All other facilities must be politely refused or returned to the donor if received through the post. If the return is impossible, it shall be donated for charity or community purposes. The person’s responsibility is to offer, receive, or accept the gift to decide is appropriate.

 

Security, protection, and proper use of company assets

We are responsible for company resources›, safety, protection, and economic use. Our resources, including time, material, equipment, and information, are only provided for legitimate business use. Occasional personal use is permissible as long as it is lawful, does not affect job performance, or disrupts workplace morale.

All staff is obliged to follow appropriate security measures, and they should treat company property, whether material or intangible, with respect and shshouldn’t isuse company assets or use them carelessly.

 

Confidentiality, information security, proprietary information, and intellectual property

We are committed to business information confidentiality, integrity, and accessibility, we implement proper technical security measures, and our staff must uphold this. Proprietary information includes all non-public information that might harm the company, its customers, and business partners if disclosed to unauthorized parties. All staff must handle any such information as secret. It also covers that no one is entitled to trade with securities while possessing non-public information or delivering non-public information to others that could impact the securities. Every rule ensures information security must be followed at all times. 

We respect the property rights of others. We will not acquire or seek to obtain trade secrets or other proprietary or confidential information by improper means. We will not engage in the unauthorized use, copying, distribution, or alteration of software or other protected intellectual property.

 

Bookkeeping, factual reporting, and financial integrity

Our books, records, accounts, and financial statements must be maintained in appropriate detail and genuinely and appropriately reflect our transactions. We condemn all forms of money laundering, so we are committed to doing business with partners involved in legitimate business activities with legitimate sources.  

We commit to fair taxation and avoid tax evasion, including failing to issue receipts or accounting for fake expense invoices.

All staff must follow accounting procedures, ensure that business transactions are recorded and documented appropriately, and that all disclosures made in financial reports are complete, honest, accurate, timely, and understandable. All staff must not improperly influence, manipulate or mislead any audit.

 

Anti-Fraud

Fraud – the act or intent to cheat, steal, deceive, or lie – is unethical and criminal in most cases. Copy in every form (e.g., submitting false expense reports, forging or altering financial documents or certifications, misappropriating assets or misusing company property, making any untrue financial or non-financial entry on records or statements) is prohibited.

 

Conflict of Interests

Our decisions shall be based on objective and fair assessments avoiding the possibility of any improper influence. A «c» conflict of interest» «exists when an employee’s interest (linked to, e.g., friends, family, or customer, competitor, supplier, contractor entity, as well) interferes or potentially interferes with the best interests of Kloudblaze Kft. Determining whether a conflict of interest exists is not always easy; thus, anyone with a battle of interest question should seek advice from management.

 

Conflicts of interest could arise if:

  • They are employed (you or a close family member) by or in economic relation with an actual or potential customer, competitor, supplier, or contractor.
  • They hire or supervise family members or closely related persons.
  • They serve as a board member for another company or organization.
  • They own or have a substantial interest in a customer, competitor, supplier, or contractor.
  • Having a personal interest, financial interest, or potential personal gain in any company transaction.

Suppose co-workers become involved in personal relations with each other. In that case, the onus is on the senior employee concerned to bring this to the attention of their manager to confirm that there is no conflict of interest, nor will a conflict of interest arise.

 

Privacy, personal data protection

We respect people’s privacy and acknowledge customers, employees, and other natural persons’ need to feel confident that their data is processed appropriately and for a legitimate business purpose. We are committed to complying with all personal data protection laws. We only acquire and keep necessary personal information and give accurate information on these activities to data owners. We implement proper security measures to ensure the confidentiality, integrity, and availability of personal information.

Our staff must observe the legal requirements, apply compliant practices and follow related procedures to ensure the legality of personal data handling and processing activities.