OUR ETHICAL COMMITMENT AS

LOGISTIC CONSULTANTS

At Warehouse Consultants and Designers, we are committed to always executing and upholding the highest ethical and legal standards.
The WACO Team

As Logistic Consultants our clients place their trust in our advice and recommendations, and it is essential to ensure that we (WACO) deliver honest, unbiased, justifiable and non-conflicting consulting services to each and every one of our clients!

WE BELIEVE

CONSULTANTS / ADVISORS MUST:

  • Put the client needs / requirements at the highest priority
  • Provide a clear financial fee structure that is easily understandable
  • Avoid having hidden costs that only become clear once work has started and the client is committed
  • Be 100% transparent regarding supplier relationships
  • Disclosing any financial or other rewards provided by suppliers or any 3rd parties
  • Disclosing any conflict of interest (financial reward, sales commission, etc.)
  • Providing honest, truthful and accurate information to the best of our knowledge & abilities

CONSULTANTS / ADVISORS CANNOT:

  • Propose engagement in open ended contacts
  • Prevent clients from moving to another service provider by withholding information the client paid for or providing incomplete information
  • Be paid for consulting / advisory services by a client and receive a sales commission from a supplier related to client acquisitions that were recommended by the consultant. Direct conflict of interest
  • Obtain a commission, financial or other benefit from suppliers or 3rd parties, unless any potential conflict of interest is disclosed to the client as early as possible
  • Accept bribes, kickbacks or other unethical payments from contractors, suppliers, service providers, etc. to encourage a sales / transaction
  • Offer products or services without the ability to deliver these in line with expectations

WHAT
OUR CLIENTS

CAN ALWAYS EXPECT FROM US

GOVERNMENTS & PRIVATE SECTORS

AGREE ON ETHICAL REQUIREMENTS AND CODE’S OF CONDUCT

U.S. Securities and
Exchange Commission

  • An adviser must eliminate or at least expose through full and fair disclosure all conflicts of interest that might incline it – consciously or unconsciously – to render advice that is not disinterested

    • European Union

  • (b) without the prior approval of the company demands, allows himself to be promised or accepts a benefit for himself or third person as consideration for an act or omission of an act that violates the duties towards the company shall be held criminally liable (Section 299 para 1 German Criminal Code)

  • Will disclose at the earliest opportunity any special relationships, circumstances or business interests which might influence or impair, or could be seen by the client or others to influence or impair, the member's judgment or objectivity on a particular assignment

  • Act in the clients' best interests at all times
  • Render impartial, factually-based, independent advice

  • Our conduct must be free from competing self-interest, prejudice, and favoritism
  • We proactively and fully disclose any real or potential conflicts of interest to the appropriate stakeholders
  • When we realize that we have a real or potential conflict of interest, we refrain from engaging in the decision-making process or otherwise attempting to influence outcomes, unless or until: we have made full disclosure to the affected stakeholders; we have an approved mitigation plan; and we have obtained the consent of the stakeholders to proceed

    • Business

    Business ethics can be defined as the appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.

    is 100% committed to the highest ethical business practices

    As Logistic Consultants our clients place their trust in our advice and recommendations, and it is essential to ensure that we (WACO) deliver honest, unbiased, justifiable and non-conflicting consulting services to each and every one of our clients!One of the responsibilities of a Logistic Consultant is to evaluate and advise regarding investment decisions that are in the best interest of the client.

    We recommend you do business with companies that are TRANSPARENT and have high ETHICAL COMMITMENT.  We or any other company should be able to confidently sign an anticorruption declaration before starting any consulting services.

    You can download our ‘Anticorruption Declaration’ template at no cost for warehouse related projects and start promoting ethical business relationships with your suppliers or commercial partners. Furthermore, it helps you to ensure your business is receiving unbiased services and advise.

     
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