Business Ethics

Philosophy

The Board and employees of Salinas will abide by all the laws of the jurisdictions the Company works within and seek mutually beneficial relationships in all our dealings with business partners, suppliers and other stakeholders.

Procedures and Guidelines

Salinas has implemented a Code of Ethics and Conduct, which provides guidelines aimed at maintaining high ethical standards, corporate behaviour and accountability within the Company. The policy seeks also to help establish a Code of Ethics and Conduct that will attract directors and employees who have similar personal codes of ethics and conduct.

Salinas Directors and employees are expected to:

• Respect the law and act in accordance with it;
• Respect confidentiality and not misuse Company information, assets or facilities;
• Value and maintain professionalism;
• Avoid real or perceived conflicts of interest;
• Act in the best interests of shareholders;
• By their actions contribute to Salinas’s reputation as a good corporate citizen which seeks the respect of the community and environment in which it operates;
• Perform their duties in ways that minimise environmental impacts and maximise workplace safety;
• Exercise fairness, courtesy, respect, consideration and sensitivity in all dealings within their workplace and with customers, suppliers and the public generally; and
• Act with honesty, integrity, decency and responsibility at all times.

An employee that breaches the Code of Ethics and Conduct may face disciplinary action. If an employee suspects that a breach of the Code of Ethics and Conduct has occurred or will occur, he or she must notify management of that breach. No employee will be disadvantaged or prejudiced if he or she reports in good faith a suspected breach. All such reports will be acted upon and kept confidential.