Giving accepting gifts

12 | CODE OF CONDUCT November 2021 4.4. Giving and accepting gifts Accepting or requesting inappropriate gifts, financial donations, provisions as well as any other advantages or favourable benefits is strictly forbidden. As a matter of principle gifts or invitations originating from our business decisions must not influence our business decisions. They must be appropriate to our business activity, must not violate any law in force and must comply with the general market practices of the industry or country. Non-observance of this stipulation is considered to be a deliberate violation of company interests. 4.5. Donations and sponsoring For decades the WALTER GROUP has been sup- porting recognised social facilities and organisations with considerable donations. Furthermore selectively aided are: Social institutions, associations and social projects in local communities as well as in the Vienna and Kufstein area Vocational schools, colleges and universities Local sport and cultural events Local initiatives in local communities (children, young people, elderly people events) Furthermore WALTER GROUP employees in emer- gency situations are also supported. No donations are issued to political organisations, parties or individuals. The decision regarding donations and sponsorship is made exclusively by the managing board. 4.6. Involvement of our business partners We expect our business partners to comply with the values of the WALTER GROUP with regard to ethical behaviour, safety, legal compliance, anti-corruption, fair competition and sustainability and to comply with the Code of Conduct. Compliance with applicable laws and provisions at national and international level is a basic requirement for working with the WALTER GROUP. This includes observing and fulfilling employment contracts, statutory minimum wages and occupational health and safety.