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Handling of conflicts of interest

In the past few years, RUAG made an effort to develop a new corporate culture: Openness, transparency and honesty form the basis of productive collaboration and are at the same time a central component of our business activities. As a reliable security company, we strive to consistently observe all regulations and requirements. The RUAG code of conduct helps us cultivate the clear values and principles to which we are committed – within the company itself and vis-à-vis customers, business partners, suppliers, politicians, authorities, the society and our shareholder, the Swiss Confederation.

The RUAG MRO Holding Ltd organizational regulations require that the members of the Board of Directors and of the Executive Board recuse themselves when business matters are discussed that affect their own personal interests or the interests of natural or legal persons close to them. Moreover, they must refrain from any activity that may harm the Group or that may be either in direct or indirect competition with it. For the sake of transparency, the respective members must immediately and actively disclose their personal interests; this duty also applies vis-à-vis our owner. Important conflicts of interest and secondary employment of the members of the Board of Directors and the Executive Board are surveyed and reviewed twice a year. The members of the Board of Directors and the Executive Board are made aware of how to deal with conflicts of interest at least once a year.