1.1 Compliance with legislation

CRS is committed to manufacturing electro–magnetic components and power supplies that meet or exceed our customers’ expectations. The backbone of our commitment to quality assurance per ISO 9001. We are committed to continuous improvements to achieve higher quality and repeatability.

1.2 Freedom of association and the right to collective bargaining

We recognize the right of our employees to associate freely and bargain collectively.

1.3 Non-discrimination

We recognize and appreciate the existence of different values and cultures and the value that a diverse workforce can bring. Thus, we are an equal opportunity employer and do not accept any form of discrimination. We prohibit discrimination based on age, race, nationality, gender, physical disability, sexual preference, religion, political reference, union membership, or any other status protected by applicable national law. We will not tolerate any form of discrimination against one employee to another.

1.4 Working hours

We believe that our employees should not work excessive hours. We are compliant with all applicable international and local laws relating to working hours and overtime hours.

1.5 Wages and benefits

Every worker has the right to calculated and predictable compensation for a regular work week. Thus, we meet all legal requirements relating to wages and benefits and pay accurate wages in a timely manner. Further, we adhere to legal minimum wage laws and regulations in the countries in which we operate.

1.6 Child labor and forced labor

CRS is committed to the elimination of the "worst forms of child labor", as defined by the International Labor Organization (ILO) Convention 138 & 182. Thus, no person shall be employed under the age of 16.

Also, there shall be no use of forced labor of any kind. We do not condone forced or compulsory labor, nor utilize factories or subcontractors that force unpaid labor. Forced labor includes transportation, harboring, recruitment, transfer, receipt, or employment of people by means of threat, force, coercion, abduction, fraud, or payments to any person having control over another person for the purpose of exploitation.

4.1 Business integrity and professionalism

We are dedicated to ethical, fair and vigorous competition. In this regard, CRS does not engage in any form of corruption, extortion, embezzlement, bribery, falsification of documents, price manipulation, or the like. We adhere to all applicable anti-corruption laws and regulations and all applicable international anti-corruption conventions. We foster fair and impartial competition and do not engage in unfair trade practices in violation of antitrust laws.

All CRS employees must avoid any relationship or activity that might impair, or appear to impair, our ability to make objective and fair decisions when performing our jobs.

4.2 Protection of intellectual property

All CRS directors, officers and employees must recognize the importance of CRS’s patent, trademark, trade secret, copyright and other intellectual property rights. All employees are prohibited from infringing such rights without proper authorization. Employees shall not disclose CRS’s confidential and nonpublic information without a valid business purpose and proper written authorization.

It is also important that we respect the property and intellectual property rights of others. We shall not improperly acquire a competitor’s trade secrets, other intellectual property, or confidential information. We will not engage in unauthorized use, copying, distribution or alteration of others’ property or intellectual property without proper written authorization.

All CRS employees must avoid any relationship or activity that might impair, or appear to impair, our ability to make objective and fair decisions when performing our jobs.

4.3 Confidentiality of information and disclosure of information

We believe that upholding confidentiality ensures respectful working relationships and fosters appropriate competition. Therefore, all CRS employees shall not disclose CRS’s confidential information without authorization. Such disclosures may lead to adverse disciplinary actions.

Likewise, CRS treats the information obtained from customers as strictly confidential. Information regarding the customer’s business activities, structure, financial situation, performance, and any other information marked as confidential is only disclosed in accordance with applicable regulations and if required by law.

4.4 Responsible sourcing of minerals

We are committed to using raw materials of legal and sustainable origin. We strive to avoid sourcing “conflict minerals” as they enable human rights abuses and contribute to the financing of armed conflicts.

4.5 Secure business

We conduct business in a secure manner. In particular, CRS implements reasonable measures for minimizing our exposure to security threats such as terrorism, crime, and pandemics.

4.6 Anti–bribery

Bribery is a reward or an inducement, financial or otherwise, offered, promised or provided to improperly gain personal, commercial, regulatory or contractual advantage.

We take a zero-tolerance approach to bribery, corruption, and the giving and receiving of bribes. It is prohibited for a CRS employee to offer, promise, authorize, or make any payment or transfer of value, including gift, hospitality or other advantage, to anybody (including public officials) or organization. If you are not certain that any conduct or proposed conduct is appropriate under this policy, you should discuss the matter promptly with the legal department.