The following sections constitute an overview of Eltek's vision, core values, standards of business conduct, code of conduct and governance and management principles.
Eltek’s vision is to become the greatest power in the industry.
The aim is to lead the way in power technology and be a driving force in the industry.In support of these ambitions, Eltek is fostering a unified culture where the attitudes, behavior and performance of all Eltek employees are guided by four core values – shared across all companies in the Group. companies.
We are an ethical and responsible company doing business around the world. Our company values are principles we believe in and live by. They should both inspire us and guide our behavior, as individuals and as a company.
The attitudes, behavior and performance of all Eltek employees are guided by four core values – shared across all companies in the Group:
Eltek’s Code of Conduct has been adopted by the Board and is a key management tool that influences all our actions and decision making. The Code of Conduct policy document is available under Corporate Governance at Eltek.com. The Code of Conduct covers areas that are important for securing business ethics in all aspects of the Group’s activities. Furthermore it gives specific and practical rules, and set the standards for how individual employees should conduct business. The Code of Conduct policy document also includes procedures for reporting any infractions.
Employees are expected to remain familiar/comply with Governance documents and Group policies, including the Code of Conduct policy which is also maintained on Eltek's Intranet. The Code of Conduct is signed upon employment, and there is also an annual reconfirmation of compliance.
Failure to comply with the Code of Conduct will result in sanctions suited to fit the nature and extent of unauthorized actions. The Codes of Conduct apply to Board members, managers, employees, hired staff and anyone acting on behalf of Eltek.
Eltek, as a global player, has a responsibility to society. Our social responsibility applies to the organization and to its board members, managers, employees, hired staff, consultants, intermediaries and other acting on Eltek’s behalf. Our social responsibility is built around the principles stated below. By acting in accordance with these principles we give reasons to be proud of the way Eltek demonstrates its Corporate Social Responsibility.
Eltek puts emphasis on building a unified culture characterized by efficient and open cross-cultural communication.
Eltek's corporate values also form the foundation of the company’s human resource policy. Eltek is committed to equal opportunities for all employees of both genders, respect for local traditions and - as a minimum - adherence to local legislation regarding employment rights and general business conduct.
Eltek views good corporate governance as a tool for achieving our vision, value creation and strategic goals. A set of rules and procedures is established that provides a sound platform for good corporate governance and for the further development of a positive, responsible and healthy corporate culture. The Group Management is responsible for ensuring the existence of internal rules, procedures and structures that can efficiently secure value creation for all stakeholders and where authority and responsibilities are clearly set out and mutually understood.
Corporate governance for the Eltek Group is built upon the following principles;
Eltek’s management principles are designed to provide a framework for long-term, controlled and strategic development of the company. These principles are: