These are actions or situations in which personal benefit is placed above the values and interests of DESC. Among others, we find the following:
5.1 MISAPPROPRIATION OF ASSETS OR INFORMATION
We do not use our position within the organization to misappropriate or use DESC’s property, assets, documents, or information for personal benefit (whether direct or indirect) or for unauthorized purposes. We do not use material non-public information for our own benefit or for the benefit of family members or third parties.
5.2 UNETHICAL CONDUCT
Engaging in any of the foregoing conduct constitutes a violation of this Code and shall be addressed in accordance with the provisions of the Obligations chapter. As employees of DESC, we are required to report any acts that violate this Code.
- We do not harass subordinates or employees. Harassment include intimidating behavior, threats, and physical and/or verbal violence directed at employees in connection with the performance of their work.
- We do not use inappropriate language (verbal, written, or non-verbal); including derogatory remarks, nicknames, offensive expressions, or discriminatory language toward any member of DESC or its stakeholders.
- We do not offend, insult, mistreat, or abuse coworkers, supervisors, subordinates, or any other individuals, among others.
- We do not engage in mobbing. We do not tolerate conduct that undermines the dignity of any person or creates an intimidating, hostile, or offensive work environment.
- We do not engage in sexual harassment. Soliciting sexual favors in exchange for rewards or employment opportunities, as well as any conduct of a sexual nature (whether verbal, physical, or non-verbal) that affects a person’s dignity or creates a hostile environment, is prohibited. Such conduct may constitute criminal offenses under applicable law.
- We do not request monetary compensation in connection with recruitment or hiring processes.
- The possession, distribution, offering, or use of illegal drugs or controlled substances, or being under their influence during working hours, on DESC premises, or at any event sponsored by the Group, is prohibited.
- We do not discriminate on the basis of gender, marital status, age, religion, race, disability, nationality, health condition, political beliefs, social class, or any other characteristic protected by applicable law
- We do not engage in conduct, acts, statements, or expressions that may damage the reputation of DESC, its companies, or its brands.
5.3 TRANSPARENT AND RESPONSIBLE MANAGEMENT OF RESOURCES
We manage resources responsibly and efficiently, in accordance with DESC’s established policies:
- We purchase products and engage services only when necessary for business operations, ensuring that every request is properly justified and supported by appropriate documentation.
- We use company assets, including vehicles, furniture, tools, and work equipment, exclusively for business purposes.
- We use travel expense resources responsibly, avoiding unnecessary travel and the inclusion of companions unrelated to business activities, such as family members, friends, or other third parties.
- We comply at all times with the authorized travel expense rates and guidelines established by the organization.
5.4 FRAUDULENT FINANCIAL INFORMATION
In addition to the conduct prohibited by applicable law, Financial Reporting Fraud includes:
- Intentionally falsifying accounting records so that they do not accurately reflect the Group’s true financial condition.
- Failing to disclose related-party transactions or conducting such transactions outside the parameters established by applicable regulations.
- Recording fictitious transactions, including sales, purchases, expense reimbursements, loans, or altering documentation relating to the purchase or sale of goods and services, among other acts.
- Failing to disclose or timely report any significant financial or operational irregularity.
Employees are responsible for:
- Ensuring that the accounting systems, records, and accounts entrusted to them accurately reflect all transactions and comply with applicable financial reporting standards and DESC’s Internal Control system.
- Complying with financial policies and procedures and reporting any deviations that are identified.
- Complying with applicable guidelines and laws governing the retention, protection, and destruction of information and documents.
5.5 RELATED PARTIES
Transactions with related parties (including transfers of resources, services, or obligations) must be conducted on arm’s-length terms and market conditions, disclosed in accordance with applicable financial reporting standards, and reported to the appropriate corporate bodies based on their significance and as required by applicable law.
5.6 HIRING OF FAMILY MEMBERS
The hiring of immediate family members, relatives by blood, or relatives by marriage is restricted in the following circumstances:
2.1.1 Creación de valor
La Creación de Valor y la protección del patrimonio de los socios y accionistas son nuestra prioridad como Grupo DESC, y es responsabilidad primaria la generación de rentabilidad sin comprometer el crecimiento y sustentabilidad de los negocios en el largo plazo.
2.1.2 Protección de activos
Salvaguardamos y conservamos los activos de Grupo DESC, protegiéndolos de toda pérdida, sustracción y uso indebido, con el propósito de generar beneficios para nuestro Grupo.
2.1.3 Manejo adecuado de la información
La información generada y desarrollada por el personal como resultado de sus actividades laborales es propiedad de Grupo DESC.Nos comprometemos a asegurar el buen uso y cuidar las patentes, marcas y derechos de propiedad intelectual e industrial de Grupo DESC.Protegemos la información que nos confían nuestros accionistas, socios comerciales, empleados, clientes y proveedores. El acceso a este tipo de información obligará a celebrar los convenios de confidencialidad correspondientes, cuando así se requiera. Cualquier intercambio de información confidencial con competidores, organismos o cualquier persona ajena a Grupo DESC debe estar previamente consultado con la Dirección General Adjunta (a cargo del área Jurídica) y autorizado por la Dirección General, en términos de las disposiciones legales aplicables.
2.1.4 Participación o interés financiero en otras empresas
Evitamos tener cualquier participación o interés financiero directo con cualquier cliente, proveedor o competidor actual. Se entiende como “interés financiero activo” como el ser dueño, accionista o familiar directo de un socio o algún otro empleado de cualquier empresa o sociedad que sea cliente, proveedor o competidor de algún negocio de Grupo DESC. En caso de tener un interés financiero directo adquirido con anterioridad a la relación de dicho tercero con Grupo DESC, esta situación deberá revelarse al Director superior responsable, y se deberá abstener de participar en la toma de cualquier decisión en relación con dicho tercero. Cualquier excepción a lo anterior, deberá tener previa notificación y autorización de la Dirección superior responsable. En caso de Consejeros que se encuentren en dicha situación se procederá a comentar con el Comité de Auditoría y Prácticas Societarias.
2.1.4 Consejos de administración externos
Se requiere la aprobación expresa de la Dirección General del Grupo para poder participar en cualquier Consejo de Administración u órgano administrativo similar en alguna compañía o sociedad con fines de lucro que no forme parte de Grupo DESC. En el caso de asociación y organizaciones civiles sin fines de lucro, deberán comunicarlo a su Dirección superior responsable.
- As employees in positions where a reporting relationship or direct or indirect influence exists.
- As suppliers of goods or services.
- Any exception to the foregoing requires the prior authorization of the Responsible Senior Management and the Conduct Committee.
5.7 ANTI-MONEY LAUNDERING AND SIMULATED TRANSACTIONS
We comply with all applicable anti-money laundering laws and regulations,
by identifying and reporting business transactions involving contracts or business relationships classified as Vulnerable Activities, and/or involving payments or receipts in cash, currency, or precious metals as provided by applicable law, whether acting as an entity that regularly conducts Vulnerable Activities or as a Customer or User of a third party engaged in a Vulnerable Activity.
We comply with national and international anti-money laundering laws and regulations and those relating to the prevention of the financing of illicit activities.
We do not conduct business with taxpayers engaged in non-existent commercial transactions supported by tax invoices, namely those that lack, directly or indirectly, the assets, personnel, infrastructure, or material capacity required to provide the services or produce, market, and deliver the goods covered by such tax documentation.
Employees and third parties acting on behalf of DESC must know and comply with the applicable laws and regulations concerning anti-money laundering and anti-terrorism financing in order to prevent the Group’s products or services from being used to conceal or disguise the origin of illicit funds.
We comply with national and international anti-money laundering laws and regulations and those relating to the prevention of the financing of illicit activities.
We do not conduct business with taxpayers engaged in non-existent commercial transactions supported by tax invoices, namely those that lack, directly or indirectly, the assets, personnel, infrastructure, or material capacity required to provide the services or produce, market, and deliver the goods covered by such tax documentation.
Employees and third parties acting on behalf of DESC must know and comply with the applicable laws and regulations concerning anti-money laundering and anti-terrorism financing in order to prevent the Group’s products or services from being used to conceal or disguise the origin of illicit funds.