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Anti-corruption objectives

RETIA Code of Ethics

One of the key components of the RETIA anti-corruption program is the Code of Ethics for the holding’s employees who are obliged to adhere to it. Some of its provisions also concern RETIA partners, e.g. sales representatives and dealers. The RETIA Code of Ethics is based on requirements of the UK-based Transparency International. The Code includes:

  • the ban of corruption
  • the ban of conflicts of interest
  • reporting of corruptive of unethical practices
  • special duties of sales departments concerning fulfilling the anti-corruption program
  • rules of sponsorship and donations to political parties and movements
  • the commitment to spread the anti-corruption program beyond RETIA

You can find the full wording of the RETIA Code of Ethics here.

RETIA Sponsoring Rules

As a socially responsible company operating in defense industry, RETIA supports mainly non-profit activities in the regions of the member companies residence. This covers mainly the activities such as sports, cultural, educational and other fields. Special attention is paid to educational events supporting development of technical disciplines which contribute to the national wealth of the Czech Republic, boost the national export potential and fight the chronical lack of promising students.

The main rule in RETIA’s sponsoring activities is that any support must not be tied to any specific business opportunities in public or private sector. Similarly, sponsoring under the circumstances of conflict of interests is also forbidden. Sponsoring activities of RETIA are usually publicized either by press releases or by posting the information on the website.

Support to Political Parties and Movements

The support to political parties and movements by RETIA must be transparent. At the same time, it must not be connected to any business opportunity in the public sector. RETIA strictly adheres to all legal obligations concerning any potential support to political parties.

Gifts and Hospitality

RETIA provides standard services for their partners in the context of building acceptable professional relationships including the option to cover the costs of accommodation during their partners’ stays and to extend gifts and hospitality.

However, it is forbidden to provide a disproportionately luxurious accommodation, unethical and expensive entertainment or give gifts of a clearly unreasonable value. These actions are considered potentially corruptive in relation to the RETIA partners. Similarly, managers and employees of RETIA member companies, especially in their sales departments, are forbidden to accept such inappropriate services or luxurious gifts. In case such offers are extended by a partner, the employee is required to report this to their superior.

Facilitation Payments

At certain foreign markets, state employees are allowed to legally require facilitation payments. It is strictly forbidden for RETIA companies to provide such payments. Facilitation payments do not include business provisions for private sector partners, e.g. based on dealer agreements, license agreements or sales representation contracts.

RETIA’s Involvement in Offset Programs

While Czech legislation, in adherence to the European law, does not further enable Czech companies to participate in offset programs as a part of public contracts of Czech government and ministries, they can be required to fulfil offset programs when working in foreign environments. A typical requirement, even in democratic countries, can be the partial transfer of production, which can be perceived as a so-called direct offset. RETIA, in cooperation with their foreign partners, carries out offset programs in strict accordance with national legislation, usually in order to fulfil customer’s need to gain the capability of partial production and maintenance of a product. RETIA refuses and does not participate in offset programs whose aim is to submit contracts unrelated to their activities, which include risk of corruption and could be misused in order to commit corruption. RETIA informs about the activities which can be perceived as direct offsets by standard means while communicating information about the original contract (the production transfer is possible only with major, publicly controllable projects).

RETIA Ethics Line (ET-LINK)

To create a unified reporting channel for testimonies of unethical, corruptive, illegal, unsafe or environment-damaging behaviour, RETIA holding has created the Ethics Line which can be used by anybody to report the above-mentioned problematic behaviour in the form of sending a report to etika@retia.cz.

RETIA prefers that the reports are not anonymous because as such, they pose a risk of unethical behaviour themselves and abuse the Ethics Line. However, nobody is forced to leave his/her name.

The receiver of all reports is the RETIA HR department. If a report is submitted by e-mail, the HR acknowledge the acceptance and inform the sender within 14 days about the steps taken. After the report has been investigated, the sender is notified about the result.

RETIA declares that they value reasonable reports submitted to the Ethics Line. However, this does not apply to false reports submitted with the aim to unjustly accuse another person or company. Such report itself is a breach of the Code of Ethics and RETIA’s anti-corruption program with all the associated consequences.