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Our Business the Right Way

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Conflicts of Interest

A conflict of interest occurs when our personal interests interfere, or appear to interfere, with the interests of Dover as a whole. Conflicts of interest can make it difficult for us to perform our jobs objectively and effectively. In general, you must avoid, where possible, any interest, investment, or association in which a conflict of interest, or the appearance of a conflict, might arise. These activities could include, for example, personal relationships, financial interests, or outside employment. Loans or guarantees of obligations from Dover or a third party as a result of your position within Dover could give the appearance of a conflict of interest and are strictly prohibited. For more information, see the “Conflicts of Interest Decision-Making Guide.”

If you are aware of an actual or apparent conflict of interest, you should immediately advise HR. Having a conflict of interest is not necessarily a violation of our Code, but failing to disclose it always is. For more information, see our guidance on conflicts of interest which can be found on www.integritycounts.com.

Our Code requires the ethical handling of conflicts that cannot be avoided. Conflicts are required to be approved in advance by the employee’s direct supervisor (provided the employee is not conflicted), with assistance from HR and the Dover Law Department, as appropriate.

Examples of Conflicts Include:

  • Directly supervising a family member
  • Moonlighting for a company that sells competing products
  • Dating someone in your department
  • Overseeing a customer or supplier for which a family member is the key contact/decision maker
  • Receiving a gift from a supplier during a negotiation

Examples of Conflicts That May Be Allowed (After Disclosure)

  • Working in the same location as a family member
  • Submitting a family member’s resume for a position
  • Working a second job for a company that does not compete with our companies

Conflict of Interest Decision-Making Guide

Ask yourself the following...

Does it interfere with my responsibilities or otherwise make it more difficult for me to perform my job objectively or effectively?
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Corporate Opportunities

While conducting Dover business, we may come across opportunities that we ourselves would like to pursue. We may not take for ourselves any business opportunities that we discover while using Dover property or information, or through our position with Dover, unless expressly waived in writing by Dover. Just as we may not personally benefit from such opportunities, we cannot assist anyone else in doing so. Remember, we owe a duty to Dover to advance its legitimate business interests whenever possible. Therefore, we cannot in any way attempt to compete with Dover.

Question

I have an opportunity to work at a non-Dover company during my evenings and weekends. Is this allowed? And can I serve on a for-profit or not-for-profit board of directors?

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Political and Charitable Contributions

We encourage giving personal time and funds to support the political candidates and charitable causes of your choice. However, we cannot use Dover resources—either directly or through reimbursements—or the Dover name when making contributions to or involving ourselves in such activities without first obtaining permission. If you ever feel pressured or coerced to do so, report the incident to one of the additional resources listed in “Ask Questions & Voice Concerns.” Your choice to support or not support any political or charitable cause will have no bearing on your position within Dover, nor your potential for future advancement.

Audits and Investigations

We are expected to cooperate with any internal or external auditors, as well as government investigators or regulators, that request information in connection with any audit or investigation of Dover. We may not attempt to improperly influence any auditor, regulator, or investigator reviewing Dover’s records, nor may we encourage anyone else to do so. If a government investigator asks you to take part in inspections or interviews, or requests documents or information, prior to complying with such requests, you must immediately notify your supervisor and the Dover Law Department and follow your company policy.

Anti-Bribery and Anti-Corruption

Offering or paying bribes, other improper payments, or things of value to win business or obtain an unfair advantage is unacceptable no matter where we are doing business, even if business is lost or difficulties occur as a result (for example, delays in obtaining permits or licenses). Offering, paying, accepting, or soliciting bribes and other corrupt payments may violate multiple anti-corruption laws and expose individuals and Dover to civil and criminal liability and severe penalties. Almost all countries have laws that prohibit bribery, corruption, and kickbacks. Some of these laws apply to activities outside the countries’ borders. Corruption, extortion, or embezzlement in any form, including involving any third party, is strictly prohibited.

It is our duty to follow local and other applicable anti-corruption laws that apply in all countries where we do business. For additional information, refer to our Global Anti-Corruption Policy, which can be found on www.integritycounts.com.

You can reference our Global Anti-Corruption Policy via the button below.

Gifts, Meals, Entertainment, and Travel Benefits

The offer or receipt of gifts, meals, entertainment, and travel benefits can be an excellent way to foster positive business relationships. However, there are strict rules governing these practices to ensure they are never given or received as an improper incentive or bribe. Therefore, it is important to understand and abide by our Code, Dover policies, and the law when offering or accepting any gifts, meals, entertainment, or travel benefits with customers, suppliers, or other business partners or their family members. Please see our Global Anti-Corruption Policy, which can be found on www.integritycounts.com, for important limits and guidance in this area.

Question

My colleague is responsible for negotiating contracts with out vendors. During the holiday season, a sales representative for a potential vendor invited her to a lavish holiday party held at an expensive resort. The sales representative joked that this is a "fun" event and no business talk is allowed. Can she attend?

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Government Interactions

It also is important to understand and abide by our Code, Dover policies, and the law when offering gifts, meals, entertainment, and travel benefits to government officials and employees of government-owned or government-controlled entities, and to remember that Dover does not permit “facilitating payments,” except in extraordinary circumstances. For additional information, refer to our Global Anti-Corruption Policy, which can be found on www.integritycounts.com.

When working with potential or existing government customers, it is critical that we abide by the various laws, regulations, and procedures that apply to government contract work. These rules are often much more strict and complex than those that govern our sales to commercial customers. If your work involves marketing or selling to, contracting with, or working on projects for a federal, state, or local government agency, it is your responsibility to know and follow all the specific rules that apply to those customers and their projects. For additional information, refer to our Federal Supplement to this Code, which can be found on www.integritycounts.com. Talk to your supervisor and the Dover Law Department if you have any questions or concerns about these rules or how they apply to the work you do.

Selection and Use of Third Parties

We should all work together to select and work only with third parties who share our commitment to the values and principles in our Code, our Third Party Guidance, and our Supplier Code of Conduct, which can be found on www.integritycounts.com. Our comprehensive compliance vetting program screens third parties who provide goods and services to Dover.

You can reference our Third Party Guidance via the button below.

You can reference our Supplier Code of Conduct via the button below.