Business principles

 

We help people regain their lives by developing and providing new and high-quality medical devices that repair and heal the human body.

 

We do this by following our Company Values – Performance, Innovation and Trust – in our daily business life.

 

We are committed to the principles of integrity, honesty and professionalism. Our healthcare programmes fully respect the doctor-patient relationship. We have a culture of openness, responsibility and compliance throughout our business operations. We will also never use improper methods to influence medical practitioners and institutions to use our products. Our management is determined to make sure that we are best in class in terms of compliance in all markets in which we do business.

 

Invivo Robotics helps people regain their lives by developing and providing innovative, high-quality medical device products that repair and heal the human body. We accomplish this by incorporating our Company Values – Performance, Innovation and Trust – into all aspects of our daily business life.

 

Performance

Performance means being responsive to customer needs. We set clear goals and standards – and achieve them. We deliver quality and value. We drive for continuous improvement. As a result, our customers, colleagues and shareholders have confidence in our products and in us.

Innovation

We are energetic, creative, passionate – always seeking to improve. We are forward looking, anticipating customers’ needs, overcoming barriers and developing opportunities. We learn from our successes and failures. We encourage and support new ideas.

 

Trust

Trust is something we earn. We win it by being personable; by building close relationships with our customers, colleagues and communities; by listening to, understanding and respecting people’s needs; and by being straightforward and doing what we say. We have integrity, and an ethical, honest approach to business.

 

Stakeholders

We respect the rights of all our stakeholders and seek to build open, honest and constructive relationships. We take account of ethical, social, environmental, legal and financial considerations in our planning and business decisions.

 

Employees

We aim to provide an open, challenging, productive and participative environment based on constructive relationships. We maintain good communications with employees through regular and timely Company information and consultation. We provide clearly communicated goals and performance standards, and the training, information and authority needed to do a good job. We provide fair recognition and reward based on performance. We are committed to working with employees to develop each individual’s talents, skills and abilities. We provide encouragement to learn and progress and to participate fully in the quest for continuous improvement.

 

We recruit, employ and promote employees on the sole basis of the qualifications and abilities needed for the work to be performed. We do not tolerate discrimination on any grounds and provide equal opportunity based on merit. We are committed to building diversity in a working environment where there is mutual trust and respect and where everyone feels responsible for the performance and reputation of our Company.

 

We are committed to providing healthy and safe working conditions for all employees. We achieve this by ensuring that health and safety and the working environment are managed as an integral part of the business, and we recognise employee involvement as a key part of that process.

 

Customers

We are committed to developing and delivering innovative, cost-effective solutions that provide real benefits to HCPs and their patients through improved treatments, ease and speed of product use, and reduced healthcare costs. To underpin this commitment, we provide education and training support for HCPs consistent with legal requirements and maintain a significant investment in research and development. Our products are designed to be safe and reliable for their intended use and comply with or exceed all legal and regulatory requirements. We aim to anticipate future standards and requirements so that the health and safety of customers and patients is enhanced.

 

Shareholders

We conduct our operations in accordance with generally accepted principles and rules of good governance. We aim to provide sustained, profitable growth and a superior return for our shareholders. We provide timely, regular, reliable and clear information on our activities, structure, financial situation and performance.

 

Business relationships

We are committed to establishing mutually beneficial relationships with all our business partners, suppliers and other stakeholders. We will only work with stakeholders who adhere to business principles and health, safety, social and environmental standards consistent with our own.

 

Society and community

We work with national and local governments and other organisations to meet our legal and civic obligations, manage our impact on the environment and contribute to the development of laws and regulations that affect our business interests. We strive to be a good corporate citizen by being an active member of our local communities and by encouraging and supporting employees who undertake community work.

 

Sustainable development

We are committed to making continuous improvements to the management of our environmental, social and economic impacts, and to developing a sustainable business. We are committed to the protection of the environment by using renewable resources wherever possible and developing manufacturing processes and products that minimise adverse effects on the environment.

 

Governance and Compliance

Independent non-executive directors form the majority of directors on the Invivo Robotics Board of directors and the Ethics and Compliance Committee of the Board. Day-to-day responsibility is delegated to the senior management of our businesses. It is their responsibility to implement these principles, if necessary through more detailed guidance tailored to particular business or local needs and requirements, and with the assistance of the company’s compliance professionals and other functional experts.

 

Compliance with these principles and the responsibility for being familiar with them rests with every employee. Employees, by taking advice where appropriate, are also expected to be familiar with all applicable laws and industry codes governing their area of business and are expected to comply with all applicable laws and industry codes that apply to the Company’s business, wherever it is conducted. Failure to follow these laws and industry codes may subject the employee to disciplinary action, up to and including termination.

 

All employees and other persons subject to this Code are required to report all breaches of this Code to a compliance officer or through other authorised reporting procedures. The chief compliance officer may, depending upon the nature of the violation, report it to the Ethics and Compliance Committee of the Board. Any employee or person subject to this Code who is ware of a violation and fails to report it may face disciplinary action by the Company, subject to compliance with applicable laws. Employees may report in confidence, and the Company will use its best efforts to maintain the anonymity of the employee making the report.
The Company will not allow retaliation against any employee who, in good faith, reports a concern. The Company will not criticise any employee for any loss of business resulting from adherence to these principles and other mandatory policies and instructions.

 

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