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Code of Conduct




Xiamen Yuxiang Magnetic Materials Technology Co. Ltd

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Code of Conduct
Employment and the Workplace Back to top

  • Forced Labour
    We do not use any prison, slave, indentured, or forced labor in the manufacture of any of our products.
  • Hours of Labour
    We maintain reasonable employee work hours based on the limits on regular and overtime hours allowed by local law, or where local law does not limit the hours of work, the regular workweek. Over time, when necessary, is fully compensated according to local law, or at a rate at least equal to the regular hourly compensation rate if there is no legally prescribed premium rate. Employees are permitted reasonable days off (at least one day off every seven days) and leave privileges.
  • Policy on Equal Employment Opportunity/Non-discrimination
    We believe that all terms and conditions of employment should be based on an individual's ability to do the job and not based on personal characteristics or beliefs. We provide employees with a working environment free of discrimination, harassment, intimidation, or coercion relating directly or indirectly to race, religion, sexual orientation, political opinion, or disability.
  • Child Labour
    We do not utilize child labor in the production of any product. We do not employ any person under the age of 15 (or 14 where local law allows), or the age at which compulsory schooling has ended, whichever is greater.
  • Compensation
    We fairly compensate our employees by complying with all applicable laws, including minimum wage laws, or the prevailing local industry wage, whichever is higher.
  • Health and Safety
    We maintain a safe, clean and healthy environment in compliance with all applicable laws and regulations. We provide adequate medical facilities, clean restrooms, reasonable access to potable water, well-lit and ventilated workstations, and protection from hazardous materials or conditions. The same standards of health and safety are applied in any housing we provide for our employees.
  • Coercion and Harassment
    We acknowledge the value of our staff and treat each employee with dignity and respect. We do not use cruel and unusual disciplinary practices such as threats of violence or other forms of physical, sexual, psychological, or verbal harassment or abuse.
Concern for the Environment Back to top

  • Concern for the Environment
    We believe we must protect the environment and we do this by complying with all applicable environmental laws and regulations.
Ethical Business Practices Back to top

  • Commercial Bribery
    We prohibit employees from receiving, directly or indirectly, anything of value in return for using or agreeing to use his or her position for the benefit of that other person. Similarly, commercial bribes, kickbacks, gratuities, and other payoffs and benefits paid to any customer are prohibited. However, this does not include expenditures of a reasonable amount for meals and entertainment of customers if they are otherwise lawful, and should be included on expense reports and approved under standard Company procedures.
  • Policy on Accounting Controls, Procedures and Records
    We accurately keep books and records of all transactions and the dispositions of our assets as required by law, as well as maintain a system of internal accounting controls to ensure the reliability and adequacy of our books and records. We ensure only transactions with proper management approval are accounted for in our books and records.
  • Policy on Use and Disclosure of inside information
    We strictly prohibit disclosure of material inside information to persons within the company whose positions deny access to such information. Inside information is any data that has not been publicly disclosed.
  • Conflicts of Interest
    We designed our policy to eliminate conflicts between the interests of employees and the Company. Since it is difficult to define what constitutes a conflict of interest, employees should be sensitive to situations that could raise questions of potential or apparent conflicts between personal interests and the Company's interests. Personal use of Company property or obtaining Company services for personal benefit may constitute a conflict of interest.
  • Policy on Confidential or Proprietary Information
    We take extra care to keep our customers' trust and confidence in us. Thus, we prohibit employees from disclosing confidential or proprietary information outside the Company that could be harmful to our clients, or to the Company itself. Such information may only be shared with other employees on a need-to-know basis.
  • Fraud and Similar Irregularities
    We strictly prohibit any fraudulent activity that might injure our customers and suppliers, as well as the Company. We follow certain procedures concerning the recognition, reporting, and investigation of any such activity.
  • Sensitive Transactions
    It is our policy to prohibit employees from entering into sensitive transactions -- business dealings generally considered to be either illegal, immoral, unethical, or to reflect adversely on the integrity of the Company. These transactions usually come in the form of bribes, kickbacks, gifts of significant value, or payoffs made to favorably influence some decision affecting a company's business or for the personal gain of an individual.
Monitoring and Compliance Back to top

  • Monitoring and Compliance 1
    We adopt a third-party monitoring program to confirm the Company's compliance with this Code of Conduct. Monitoring activities may include announced and unannounced on-site factory inspection, review of books and records relating to employment matters, and private interviews with employees.


Contact Details
Xiamen Yuxiang Magnetic Materials Technology Co. Ltd
Floor 16, Jinyuan Building
No. 57, South Hubin Road
Xiamen
Fujian
China 361004
Tel: +86  (592)  2295387  /  +86  (592)  2225286 
Fax: +86  (592)  2222216  /  +86  (592)  2222216 
Mobile:  +86  5922295387
E-mail Address(es):
      mag@e-magnet.cn

Homepage: http://www.globalsources.com/yuxiang.co
Other Homepage Address: http://www.magnets.com.cn

Key Contact
Mr Liu Yingjun
Marketing Manager
Marketing Department
yingli@magnets.com.cn


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