Vendor Code of Conduct
monday.com Ltd. (“monday.com”) strives to achieve the highest standard of business and professional integrity, and seeks to avoid even the appearance of improper behavior. We expect our vendors, suppliers, distributors, partners, business associates, and third party representatives (“Vendors”) to uphold these standards of conduct and professional integrity and communicate them to their organization.
This Vendor Code of Conduct (“Code”) sets forth monday’s expectation that its Vendors uphold the highest standards of ethics and comply with all applicable laws and regulations. These expectations should complement each Vendor’s own company policies, applicable legal requirements, and the terms of any agreements that a Vendor may have with monday. Failure to comply with this Code could result in termination of the business relationship.
monday.com encourages Vendors to raise questions or concerns about this Code to their monday.com point of contact.
I. COMPLIANCE WITH APPLICABLE GOVERNMENTAL LAWS, RULES, AND REGULATIONS
A. monday.com expects its Vendors to comply with both the letter and the spirit of all laws, rules and regulations that apply to the Vendor’s business, particularly those related to Vendor’s performance of duties for monday.com.
II. ANTI-CORRUPTION COMPLIANCE & BUSINESS EXPENSES
A. monday.com prohibits bribes, kickbacks, or other improper or illegal payments of anything of value from being directly or indirectly offered, given, authorized, promised, solicited, or accepted in any way related to monday.com, whether it involves public officials (including officers or employees of governments or state-owned entities) or private parties.
B. monday.com prohibits bribery to influence a public official, to obtain or retain business from any party, or to secure an unfair business advantage.
C. monday.com also prohibits Vendors from making facilitation payments, or small, unofficial payments to public officials to expedite routine, non-discretionary government decisions (even if permissible under local law).
D. All business expenses provided by Vendors related to monday.com’s business – including gifts (whether money or any other thing of value), hospitality, entertainment, events, travel, or accommodation – must comply with any agreements with monday.com; have a legitimate business purpose; be reasonable and modest in value and frequency; comply with local law; and be accurately recorded. monday.com prohibits the provision of cash gifts.
III. EXPORT, CUSTOMS, TRADE CONTROL, AND ANTI-MONEY LAUNDERING
A. monday.com expects its Vendors to comply with all applicable export, customs, and trade control laws and regulations, including economic and trade sanctions laws, antiboycott laws, and any related licensing requirements.
B. monday.com also expects its Vendors to comply with all applicable anti-money laundering laws and regulations.
IV. CONFLICTS OF INTEREST & CORPORATE OPPORTUNITIES
A. Vendors must avoid actual or potential business or financial conflicts of interest involving monday.com – i.e., instances where the Vendor’s personal interests (including interests of the Vendor itself or the Vendor’s employees, officers, or directors) interfere or appear to interfere with monday.com’s interests.
B. Vendors are prohibited from directly or indirectly (a) taking personally for themselves opportunities that are discovered through the use of monday.com property, information or positions; (b) using monday.com property, information or positions for personal gain; or (c) competing with monday.com for business opportunities.
C. Any actual or potential conflicts of interest must be promptly reported to monday.com.
V. INSIDER TRADING
A. Vendors may not trade or advise others to trade monday.com securities while in possession of “material nonpublic information” about monday.com. Information is material if it could reasonably be expected to affect the judgment of investors regarding whether or not to buy, sell, or hold the securities in question .
B. monday.com also prohibits Vendors from “tipping” others (e.g., family or friends) regarding material nonpublic information about monday.com.
VI. ANTITRUST, COMPETITION, AND FAIR DEALING
A. monday.com expects its Vendors to comply with applicable antitrust and competition laws designed to promote fair and open competition, particularly as it relates to monday.com.
B. Vendors must not directly or indirectly enter into any formal or informal agreement with competitors that fixes or controls prices, divides or allocates markets, limits the production or sale of products, boycotts certain suppliers or customers, eliminates competition or otherwise unreasonably restrains trade.
C. Vendors must deal fairly with the Company’s customers, service providers, suppliers, competitors and employees.
D. Vendors may not take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other unfair dealing practice.
VII. RECORD MANAGEMENT AND RECORDING TRANSACTIONS
A. Vendors are expected to ensure that all financial books, records and accounts related to their relationship with monday.com accurately reflect transactions and events.
B. Vendors must not falsify documents, transactions, or accounting records related to monday.com.
VIII. CONFIDENTIAL INFORMATION
A. We expect our Vendors to safeguard and protect monday.com’s confidential information, as well as the confidential information of monday.com’s customers, suppliers, shareholders, monday.com employees, or other third parties. Confidential information should be interpreted broadly to include all non public information relating to monday.com or other companies that would be harmful to the relevant company (or useful to competitors) if disclosed.
B. monday.com prohibits Vendors from misusing proprietary information or trade secret information that was obtained without the owner’s consent; or from using confidential information for personal gain.
IX. DATA PRIVACY
A. Vendors must comply with all applicable laws and regulations regarding the protection of personal information or other sensitive or protected information, and assist monday.com in complying with its own obligations in this regard.
X. HUMAN RIGHTS, EMPLOYEE RELATIONS AND NON-DISCRIMINATION
A. We expect our Vendors to comply with all applicable human rights laws prohibiting child, forced, indentured, or involuntary labor.
B. monday.com expects its Vendors to conduct themselves in a professional manner with courtesy and respect for others. We do not tolerate harassment by our Vendors in any form, including verbal, physical, or sexual harassment.
C. monday.com is committed to providing equal opportunities in employment, development, and advancement for all qualified persons – and we expect our Vendors to share that commitment. monday.com does not tolerate illegal discrimination by its Vendors.
XI. ENVIRONMENT, SAFETY, AND HEALTH
A. monday.com expects its Vendors to operate in a manner protective of human health, safety, and the environment, especially as it relates to Vendors work with monday.com.
B. monday.com expects its Vendors to comply with both the letter and the spirit of applicable health, safety and environmental laws and regulations.
XII. USE AND PROTECTION OF MONDAY.COM CORPORATE ASSETS
A. If provided with monday.com assets (including technology, software, proprietary information, or other physical assets), Vendors are expected to protect these assets and ensure their efficient use for legitimate business purposes.
monday.com’s Corporate Code of Ethics and Conduct, which sets forth our compliance standards in more detail, is available at https://ir.monday.com/corporate-governance/documents-and-charters.
Last update: May 30, 2021