Compliance

Institutional Statement of the Board of Directors

Commitment to Compliance with Competition Law

The Board of Directors of the Spanish Federation of Foundry Associations (FEAF) publicly expresses its firm commitment to full respect for and promotion of Spanish and European Union competition law as one of the fundamental principles that must guide the Federation’s activities.

FEAF carries out its activities as a legitimate forum for the representation, cooperation and defence of the general interests of the foundry sector. The Board of Directors is fully aware that the activities of a business association require the highest standards of diligence, transparency and integrity to ensure that all its actions are fully compatible with Competition Law.

Internal Reporting Channel

This channel is part of the Federation’s corporate values of ethics, sustainability and good practices.

The purpose of this tool is to provide a means of reporting queries, incidents and complaints concerning improper or unlawful practices that are contrary to the law and internal regulations.

It may be used by employees, members, suppliers, customers or any third party having a relationship with the Federation.

FEAF is fully committed to respecting the regulations on the protection of reporting persons and the rights of its employees and third parties when making reports concerning any unlawful conduct that should be brought to the attention of the Compliance Body.

Persons using this channel are entitled to all the guarantees provided for under Law 2/2023 of 20 February, regulating the protection of persons who report regulatory infringements and the fight against corruption, including, in particular:

  • Confidentiality.
  • Prohibition of retaliation.
  • The possibility of submitting reports anonymously.
  • Impartiality.
  • Presumption of innocence.

Accordingly, it is guaranteed that reports made in good faith will not result in retaliation against the reporting person and that investigations will be conducted with full respect for the principles set out above.