Ethics and integrity guide our behavior and inspire our business

At MAXAM, we share principles of ethics and integrity that inspire company management:
our hallmarks in all the markets in which we operate.

Code of ethics

Our Code of Ethics constitutes a mechanism of self-regulation, defines the essence of our behavior and reflects the way we make decisions within the organization, as individuals and as a company. This code of ethics is applied generally to all the companies in MAXAM and all employees, managers and administrators.

Whistleblower Channel

MAXAM launches a new Speak up that improves the performance of the existing one and meets the requirements of the new regulation regarding the protection of whistleblowers. As of June 13, 2023, the new Speak up will be running, which will mean a step forward in the Group's commitment to ethics and compliance.

CONTACT

HONESTY

Compliance with this Code and its rules are essential aspects of the honest conduct expected of MAXAM and its employees.

INTEGRITY

The relationship of employees with all their stakeholders will always be based on integrity and respect for business ethics.

SAFE AND HEALTHY WORK ENVIRONMENT

Both MAXAM and its employees will strive to create and establish a safe and healthy work environment.

ENVIRONMENTAL PROTECTION

The protection of and respect for the environment and contribution to sustainable development is one of the cornerstones of the company's performance.

NON-DISCRIMINATION

MAXAM does not admit conduct that may represent discriminatory, degrading or abusive treatment based on race, color, age, gender, sexual orientation, ethnic identity, disability, religion, political or union affiliation, nationality or marital status or other comparable factors.

It establishes principles based on due diligence in terms of:

   - Formal identification of all parties involved in business relations with the company and executing of contracts.
  - Risk analysis of any activity.
  - Means of payment, which must be made through the banking system and authorized means.
  - Detection of unusual operations proposed by any third party.

Its basic principles are:

  - Comply with current legislation, anti-bribery measures and those related to business gifts and the conduct and assistance of events.
  -Document, through a written contract, activities with third parties and respect the principles of truthfulness, integrity and legality regarding the information held by the company.
  -Act with responsibility, economy and efficiency regarding the monitoring of expenses, donations and charitable contributions.
  -Do not interfere or participate in the political processes of the countries in which we operate.
  -Apply the existing regulations and the principles of merit and equal opportunities when hiring officials, senior officers, employees and managers.
MAXAM's Anti-corruption Policy also includes the respective sanctions for non-compliance with these principles, as well as the importance of communicating any infraction in order to proceed onwards as a transparent company.

Compliance Officer

The Compliance Officer ensures the correct application of both the company’s Code of Ethics and Money Laundering Prevention Policy. It is supported by the Ethics and Compliance Committee for this purpose.

MAXAM also makes available to employees and third parties a channel through which they can process any query or complaint with total confidentiality if a breach of the Code of Ethics or Money Laundering Prevention Policy is detected.

Composition

The Ethics and Compilance Commitee is composed of.

President:: Compliance Officer
Permanent members:: General Counsel
Global Head Human Resources
Chief Financial Officer
Non-permanent members:: Chairman & CEO
General Manager

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