OUR ETHICAL VALUES

Our Board of Directors;

recognizes that our company's operations in the capital market are primarily based on trust, and that ethical principles are therefore extremely necessary, but that the rule of law and its defense should be placed at the forefront of these principles; The Board Members, the General Manager, the Managing Director responsible for Financial Affairs, and the Heads of the Accounting-Finance Department are expected to:

1) Provide complete, fair, accurate, timely, and understandable disclosures in all reports and documents disclosed to the public or submitted to the capital market regulators where the company is registered,

2) Act in accordance with all laws, regulations, and principles to which the company is bound in its relations with itself and its shareholders,

3) Ensure that they act in accordance not only with the letter but also with the spirit of these ethical principles and strive to create a business culture in which compliance with laws and company policies forms the basis of all company activities.

However,

Persons who are in a position to obtain inside information regarding financial statements that have not yet been publicly disclosed cannot disclose this information to the public within the framework of the Ethical Principles.

A Board Member may not disclose confidential and/or trade secret information relating to the Company to the public. Our Employees;

• They are honest, reliable individuals who uphold ethical and moral values ​​and never compromise on these values.

• They perform their duties in their assigned unit or department in a disciplined, diligent, and dedicated manner, objectively and in accordance with confidentiality principles, for the benefit of the company.

• They perform their duties in the best possible way to increase company profitability and market share.

• Their speech, behavior, and dress style are always reasonable and measured.

• They positively influence their internal and external counterparts by behaving respectfully, moderately, modestly, actively, and positively in all their relationships.

• They meticulously comply with laws, professional principles, and relevant legislation.

• They evaluate different ideas, perspectives, and suggestions with a conciliatory attitude and make the most effective, sound, and appropriate decisions for the company.

• They stay away from all illegal activities.

• They do not engage in behaviors that are contrary to the principles of justice, truth, honesty, reliability, and social responsibility.

• While performing their duties, they cooperate with other employees towards common goals by communicating respectfully and carefully.

• They immediately reject offers aimed at providing them with benefits and report them to the competent authorities. and are obliged to report this to their superiors.

• They are obliged not to accept gifts from current or potential customers and suppliers that are outside of established practice.

As a manufacturing company, achieving world quality standards, producing energy-efficient and environmentally friendly products, ensuring that our products are ergonomically designed to facilitate daily life, and producing quality instead of controlling it are the common goals of all our management and employees.

Monitoring Compliance with Ethical Principles

• Employees must take necessary precautions to prevent any violation of the Ethical Principles.

• Employees must report any suspected violation of the Ethical Principles to their managers or the Head of Internal Audit.

• The Internal Audit Department, in cooperation with Legal (or Company Lawyers), Accounting-Finance, Human Resources, and other departments, ensures compliance with the Ethical Principles, company policies, and procedures.

• The Head of Internal Audit reports directly to the Audit Committee and provides an independent opinion.

Sanctions to be Applied in Case of Violation of Ethical Principles

Since the investigation of Ethical Principle violations is a sensitive and specialized matter, the responsibility here lies with the Audit Committee.

• The Head of Internal Audit regularly reports violations and corrective and preventive actions taken to the Audit Committee.

• If allegations against employees constitute a crime, they will act in conjunction with the Legal Department or Company Lawyers and conduct the investigation together. The email address etik@iea.com.tr has been created for stakeholders, including shareholders, customers, suppliers, and personnel, to report any actions they believe are not in line with the company's legal or ethical values. The email address will be kept confidential, and the Audit Committee will review the application, take necessary actions, and inform the applicant of the outcome.

Disciplinary Penalties

·       In cases of violations of the Ethical Principles, our company will strive to determine the most appropriate disciplinary penalty according to the nature and characteristics of the violation, within the framework of the Personnel Regulations.

·       Generally, a warning letter will be sent for first-time and non-serious offenses.

·       More serious violations may result in penalties such as reprimand or termination of employment.

·       Disciplinary penalties are not only imposed for violations of the Ethical Principles. Applications related to other matters in the Personnel Regulations are also available.