Code of Business Conduct & Ethics
Mowasfat for Quality & Standardization Consultants
Introduction
Mowasfat for Quality & Standardization Consultants (“Mowasfat”) is the registered legal entity and sole operator of REGS Consultancy, a trademark registered under UAE Federal Decree No. (36) of 2021 in Class 35 (Professional Business Consultancy). All references to REGS Consultancy in this document and in the firm’s client-facing materials refer to the business operated by Mowasfat for Quality & Standardization Consultants under that trademark. Mowasfat is committed to conducting business with integrity, transparency, and respect for ethical standards. This Code of Business Conduct & Ethics (“the Code”) applies to all our employees, officers, and representatives, setting clear expectations for professional behavior. We operate with honesty and openness, while respecting human rights and the interests of our employees and partners. By adhering to this Code and international best practices, we build trust with our clients, employees, and stakeholders – a foundation essential for our success.
1. Legal and Regulatory Compliance
All Mowasfat for Quality & Standardization Consultants employees and business units must comply with applicable laws and regulations in the countries where we operate. This includes fair competition, anti-trust, and trade laws. Compliance is not optional and no employee or agent may compromise it for business gain.
2. Anti-Bribery and Corruption
We enforce a zero-tolerance policy on bribery and corruption. All forms of bribery, facilitation payments, and corrupt practices are strictly forbidden. Employees must not offer or accept improper payments or benefits under any circumstance. We comply with anti-corruption laws applicable in all jurisdictions where we operate.
3. Fair Labor and Human Rights
We uphold human rights and labor standards. No forced, bonded, or child labor is permitted. We promote diversity, non-discrimination, equal opportunity, and a safe, respectful workplace. Employees are expected to treat others with dignity and fairness.
4. Data Protection and Privacy
We respect personal data and are committed to safeguarding the confidentiality and integrity of the information entrusted to us. We comply with applicable data protection laws, including the GDPR, and ensure responsible collection, storage, and use of personal data.
5. Environmental Sustainability and Responsible Sourcing
We strive to minimize our environmental impact by adopting sustainable business practices. This includes efficient resource use, waste reduction, and responsible sourcing from suppliers who uphold similar environmental and ethical standards.
6. Confidentiality and Intellectual Property Protection
Employees must protect the confidentiality of Mowasfat for Quality & Standardization Consultants’s information, as well as that of clients and partners. Intellectual property must be used appropriately, and unauthorized disclosure or use is strictly prohibited.
7. Reporting Misconduct and Whistleblower Protection
Employees are encouraged to report unethical or illegal behavior without fear of retaliation. All reports will be handled confidentially and investigated promptly. We strictly prohibit any form of retaliation against whistleblowers.
Conclusion
This Code reflects the values and standards Mowasfat for Quality & Standardization Consultants upholds in all our business dealings. All employees are expected to understand, adhere to, and promote this Code. Questions or concerns should be directed to management or the compliance officer.
Reference Note
This Code has been developed by Mowasfat for Quality & Standardization Consultants to reflect best practices in ethical business conduct. It is informed by globally recognized standards such as the United Nations Global Compact, OECD Guidelines for Multinational Enterprises, ILO conventions, and widely accepted corporate governance principles observed by leading multinational companies.
Approved
Date: April 15, 2025