LADY DIANA FOUNDATION'S ETHICAL CODE


The ethical code addresses the legal and ethical norms, relating to ‘’Lady Diana’’ Foundation , its directors, employees, consultants and other partners, all parts in a business relationships , institutions and third parties the Foundation is dealing with. (Third Parties).
‘’Lady Diana’’ foundation unites people with diverse ethnical and religious beliefs, keeping the ethics and moral values.

Obeying these rules is a criteria for respect and implies trust between the parties.


P.1) The foundation and the third parties hereby pledge responsibility to obey all applicable laws of the countries, in which they conduct operations, while sticking to high moral values.

  1. The foundation and the third parties shall avoid conflicts of interest and inappropriate behavior.

P.2) By submitting a declaration, all representatives, employees, volunteers, benefactors and partners of the Foundation declare that they agree to:

  1. Equal opportunities and tolerance principle, no discrimination whatsoever.
  2. Freedom of speech principle. Every member of the foundation has the right to express his/her opinion without the fear of oppression or restrictions, given that they obey the moral norms and principles.
  3. Principle of personal responsibility. Every member of the community has personal responsibility for obeying formal legal regulations, as well as the unwritten ethical code of the society.

P.3) The ethical code is matching the existing relationship of correct behavior, loyalty and punctuality.

  1. No political influence must be used to achieve certain goals or interests.


Relationships between parties


P.4) All Foundation’s employees are obliged to inform their direct supervisor for any interest towards a sponsorship or grant , or connection with any applicants whatsoever. The aforementioned employees shall not participate in these particular projects.

  1. to interfere in other employees’ obligations
  2. to respect the legal terms, negotiated by third parties
  3. to comply with other parties’ internal regulations

P.5) The parties should not take responsibilities for duties, that are out of their working field

P.6) The execution of the duties under P.1 is to be done obeying the following rules:

  1. The competition between employees and benefactors of the Foundation in trying to show their personal and leadership qualities.
  2. Equal treatment of all participants in the Foundation’s business affairs.
  3. Respecting the Foundation and its employees’ good name and reputation.
  4. Respecting the Foundation’s trademark properties (brands, inventions, etc.)

P.7) The directors and employees cannot participate in the decision-making for grants or sponsorships to institutions or individuals, with whom they negotiate for employment.


Leadership Ethics


P.8) The legal representatives of the parties mentioned in P.1 must popularize the working ethics amongst their employees.

  1. It is deemed incorrect to use economical or other means to force anyone to perform action or actions that may damage his reputation and dignity.

 P.9) The applicants for financing must inform the Foundation in case they have any connections with employees or directors of the Foundation. The employees must therefore require the mentioning of such connections using the application form,

 P.10) The Foundation or the third parties are NOT allowed to use any confidential information to benefit themselves in any way, financial or not.

P.11) The Foundation’s policy does not allow for the directors, employees, 
consultants or partners to accept any money of gifts exceeding nominal value, from any party involved in the Foundation’s business. Accepted gifts, which do not fall under this criteria, must be returned to the sender and the Foundation must be informed.

P.12) The Foundation or third parties are not allowed to make any payments exceeding the sum of 100 euro , nor offering money presents, entertainment packages, lunches , travels etc. to government officials at local or international level, without the aforementioned is voted and approved by the Board of Directors. This excludes a remuneration for advice or service, whose value is within the usual payment for similar service or advice.

P.13) All employees of the Foundation are obliged to inform the Chairman for the sum and origin of income, received from non-Foundation parties (lecturer payment, commissions, payment packages, etc.)
P.14) In case a director, employee or third party is uncertain as to whether an action of theirs may cause a conflict of interests, they must consult with the Chairman of the Foundation.


Conclusion


P.15)  Any agreement to the aforementioned ethical code is signed and acknowledged on free will, in compliance with P.2

P.16) If a director, employee or third party has any ethical worries concerning any breach of the Foundation’s ethical code, laws, regulations, accounting and auditing issues, they must consult with the Foundation’s chairman at :   nikola.kolev@ladydianafoundation.org

Any communication shall be treated with confidentiality, and shall be dealt with in a prompt manner.