Good governance code

1. ETHICAL VALUES AND PRINCIPLES OF THE IE GROUP

Values Our values constitute one of the cornerstones of the IE Foundation and, consequently, are an inalienable commitment. This is why we should particularly commit to upholding and promoting these values, pointing out and remedying any conduct in breach thereof.

These are our values:

• We project ourselves towards people, through motivation, professional development and remuneration based on performance and the achievement of objectives. No form of discrimination or harassment at work is allowed.
• We preserve personal safety and health.
• We permanently pursue quality and academic excellence, through continuous improvement.
• No short-cuts are taken. There is zero tolerance of corrupt practices. We act with the utmost transparency and objectiveness.
• We are particularly careful with confidential information, both our own and that ofthird parties, which may be in our hands.
• We are environmentally responsible.

2. CONDUCT GUIDELINES

Values Our values constitute one of the cornerstones of the IE Foundation and, consequently, are an inalienable commitment. This is why we should particularly commit to upholding and promoting these values, pointing out and remedying any conduct in breach thereof.

3. PROTECTING THE IE Foundation’s ASSETS

• Asset protection.
• Confidential information: We must keep the strictest secrecy and keep as confidential all Confidential Information that we handle in the course of our work in the IE Foundation or to which we have access.
• Personal Data Protection: We are obliged to respect the privacy of other employees, and of any other people with whom we interact.

4. TAX, ECONOMIC-FINANCIAL AND ACCOUNTING OBLIGATIONS OF THE IE Foundation

• Tax obligations: We will avoid all practices that enable an evasion of payable tax to the detriment of the Public Treasury, to include the use of opaque structures for tax evasion purposes.
• Economic-financial and accounting obligations: The IE Foundation has adopted procedures to ensure that our financial statements are drawn up in accordance with generally accepted standards and valuation rules, providing, appropriately and in all material respects, a true and fair view of its financial position and operating results.

5. RULES OF CONDUCT TO AVOID CORRUPT PRACTICES

• Conduct to avoid corruption on the part of citizens or civil servants.
• Payments to speed up proceedings are forbidden to make payments to speed up proceedings, i.e., minor payments generally made to lower-ranking civil servants in order to shorten timeframes and standard procedures.

6. INTERNAL REPORTING CHANNEL

We are obliged to notify any infraction of this Code, which we may know or suspect, through the reporting procedure established for this purpose.

7. CONSEQUENCES IN THE EVENT OF BREACH

Without prejudice to any other liability that may arise under current law, a breach of the conduct criteria and rules contained in this Code may entail disciplinary sanctions of varying seriousness, including termination of an employment relationship with the IE Foundation and the IE Group in the most serious cases.