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If a proposal is rejected by the T Corp Board of Directors, the entity whose proposal was rejected has the right of appeal. The Blockchain Arbitration Forum will base its decision on the spirit of the T Corp code of conduct and governance guidelines as set forth in this document. | If a proposal is rejected by the T Corp Board of Directors, the entity whose proposal was rejected has the right of appeal. The Blockchain Arbitration Forum will base its decision on the spirit of the T Corp code of conduct and governance guidelines as set forth in this document. | ||
If the TAF rejects the appeal, the draft may be revised and resubmitted to the Board of Directors. If however, the TAF accepts the appeal, the Board of Directors must confirm the proposal. | If the TAF rejects the appeal, the draft may be revised and resubmitted to the Board of Directors. If however, the TAF accepts the appeal, the Board of Directors must confirm the proposal. | ||
4. '''Time of annual meetings''' | 1.6 Ethical Code of Conduct | ||
1.6.1 Preamble | |||
The EBA was founded to combine, synchronize and leverage blockchain-related activities of European corporations, startups, venture capitalists, and scientific institutes. | |||
This Code of Conduct includes a set of principles and values that reflect the beliefs of EBA participants and their expectations towards their counterparties. | |||
The EBA Code of Conduct is based on international conventions such as the Universal Declaration of Human Rights, the Guiding Principles on Children and Entrepreneurship, United Nations Guiding Principles on Business and Human Rights, the OECD Guidelines, and the UN Global Compact (Sustainable Development Goals). | |||
Members of the EBA accept its Ethical Code of Conduct, and are obliged to adhere to the principles set out in this document. The EBA Members engage in a constructive and open dialogue with their business partners and stakeholders to pursue the principles of ethically responsible economic activity. EBA Members not adhering to this Ethical Code of Conduct may have their Membership in the association terminated following a vote by the board of directors as outlined in the EBA Membership rules. | |||
1.6.2 Interpretation | |||
The EBA Code of Conduct covers all EBA Members as well as their business partners. The EBA Governance Process and the EBA Bylaws are an integral part of the EBA Code of Conduct. The EBA Code of Conduct should be read and interpreted in conjunction with them. | |||
1.7 Our Values | |||
By adopting the EBA Code of Conduct and implementing it in their work, EBA Members are guided by the following values: | |||
Pursuit of Sustainable Development Goals SDGs | |||
The Sustainable Development Goals are inclusive, climate change, environmental degra- dation, prosperity, peace and justice. The Goals connect and in order to leave no one behind, it’s important that we achieve each goal and target by 2030. | |||
Decentralized Semi-Autonomous Organization DSAO with Basic Governance | |||
The EBA’s decentralized architecture allows autonomous individual activities of its Mem- bers. To facilitate the integration of the EBA in society with its social, legal, economic and environmental aspects, the EBA maintains a governance model. | |||
Member Economic Participation Grounded in a Blockchain Based Protocol | |||
At the heart of the EBA’s architecture read a blockchain-based incentive scheme that motivates Members to actively participate in the DSAO. The crypto currency XSC can be used as a means to transfer value for all activities with the DSAO. | |||
Education, Access to and Sharing of Information | |||
The foundation of EBA’s activities is laid out in the domain of blockchain and Dis- tributed Ledger technologies, built by Individuals, companies, organizations and research institutes. | |||
Connecting the Dots: Synchronization of Member Activities | |||
The EBA’s DSAO architecture integrates the aggregation and synchronization of blockchain and distributed ledger technology member activities in order to minimize inefficiently en- capsulated and siloed developments. | |||
1.7.1 Implementation | |||
The principles set out in the EBA Code of Conduct establish the objectives and minimum expectations of EBA Members with regard to social behavior within the EBA. While it is not possible to ensure full compliance with the Code by all their business partners at all times, EBA Members undertake to take appropriate measures to comply with the principles of the EBA Code of Conduct. | |||
Compliance with national legislation is the first duty of the Members. In countries where national laws and regulations conflict with the EBA Code of Conduct, EBA Members should seek ways of complying with those principles that best meet EBA principles. | |||
1.7.2 Principles for Member Conduct | |||
The EBA expects all Members and business partners to comply with the EBA Code of Conduct insofar as this is possible under local law. | |||
No Discrimination | |||
EBA Members are prohibited from identifying individuals on the basis of gender, age, religion, race, caste, birth, social background, disability, ethnic or national origin, nation- ality, membership of workers’ organizations, including trade unions, political membership or beliefs, sexual orientation, family responsibilities, civil status or any other situation that could lead to discrimination, exclusion or preference. In particular, Members may not be subject to harassment or disciplinary measures for the reasons stated above. | |||
Reasonable Remuneration | |||
EBA Members shall comply with these principles if, without prejudice to the specific ex- pectations set out in this Agreement, they respect workers’ right to adequate remuneration sufficient to enable them and their families to live decently and social benefits provided by law. | |||
EBA Members are required to meet at least the legal minimum wage or, if higher, the in- dustry standards approved on the basis of collective bargaining. | |||
The wages are payable on time, regularly and completely in a legal tender. A partial pay- ment in kind is permitted in accordance with the limits and requirements set out by local regulations. The level of wages has to reflect the qualifications and educational level of the employees and refers to the regular working hours. | |||
No Child Labor | |||
EBA Members comply with this principle if they do not, directly or indirectly, employ children under the legal age of compulsory school attendance, which may not be less than 15 years. This principle is intended to protect children from any form of exploitation in connection with EBA activities. | |||
No Forced Labor | |||
EBA Members may not resort to any form of servitude, forced or compulsory labor, serfdom, human trafficking or involuntary labor to directly or indirectly support EBA oper- ations. | |||
Environmental Protection | |||
EBA Members shall comply with this principle if, without prejudice to the specific ex- pectations set out in this code of conduct, they take the necessary measures to prevent environmental damage resulting from their activities within the EBA. | |||
Ethical Business | |||
EBA Members shall comply with this principle if, without prejudice to the objectives and expectations set out in this chapter, they are not involved in any form of bribery, blackmail, embezzlement or any form of bribery, including, but not limited to, the promise, offer or grant of any unfair financial or other incentives. | |||
EBA Members are expected to have accurate information about their activities, structure and performance and to disclose it in accordance with applicable regulations and industry benchmarking practices especially with regard to EBA matters. | |||
Furthermore EBA Members should additionally adhere to the EBA Antitrust Compliance Policy. | |||
Data Protection | |||
EBA Members must take reasonable care regarding the collection, storage and use of personally identifiable information (including the data of employees, business partners, cus- | |||
tomers, and consumers within their sphere of influence). Specifically, where required Mem- bers should adhere to industry best practices for GDPR compliance for all EBA business. Furthermore EBA Members should additionally adhere to the EBA Intellectual Property Rights Policy. | |||
Responsibility for Developed Software | |||
The EBA advises Members to take on a social constructivist point of view on technology. The Association is aware of the moral non-neutrality of technology: each technology has systematic effects on society, as it embodies a set of values, a framework and an ideology. Insofar, technologies are responsible for better or worse, since they are not merely tools people use for their own ends. Developers within the EBA will take this perspective into account when designing and implementing distributed ledger tools. | |||
----4. '''Time of annual meetings''' | |||
The annual meeting of the of Guides shall be held on the 21st day of December each and every year except if such day be a legal holiday. Then and in that event the Board of Guides shall fix the day but it shall not be more than two weeks from the date fixed by these By-Laws. | The annual meeting of the of Guides shall be held on the 21st day of December each and every year except if such day be a legal holiday. Then and in that event the Board of Guides shall fix the day but it shall not be more than two weeks from the date fixed by these By-Laws. |