Business Ethics and Compliance

As a public company, Kernel follows the highest standards of business ethics.

We act responsibly in the issues of market leadership and the influence we have on the country, people and companies. We run the business with our cooperation partners in an honest manner, timely respond to requests, bear responsibility for the assumed obligations, take a professional approach to performance of contract conditions.

From our perspective, partnership relations are not just achievement of mutually beneficial aims but also development of business culture, during which we consider the following principles to serve as a basis:

  • fair competition
  • transparency and honesty
  • professionalism
  • zero tolerance for corporate fraud and corruption.

To continuously support the above-stated principles, Kernel regulated the Code of Conduct, POLICY for managing conflicts of interests, combating fraud and corruption, introduced the system of sanctions for activities of corruption both by employees and by our partners.

In accordance with the specified documents, we:

  • harshly prevent any manifestations of corruption, bribery and fraud within the Company
  • do not accept presents and do not participate in the events that may affect the business decision-making
  • impede the conflict of interest that may result in damage to finances and reputation.

Furthermore, in cases of detecting signs of corruption, noticing conflict of interest caused by the partners, we:

  • refuse to examine the commercial/tender offer
  • exclude that partner from the list of providers whom the Company works with
  • dissolve the existing contracts with such a partner and stop further cooperation.

Additionally, to strengthen the bilateral obligations with regard to joint counteraction to fraud, bribery and corruption in the course of cooperation, we offer our partners provision of mutual guarantees and assurances by including into the contracts the Anti-corruption Clause.

In this section you can become familiar with the full text of addressing by the Management of Kernel to their partners, in which they advocate meeting the highest standards of business ethics and establishing transparent and fair relations.