Magal Security Systems is committed to operating according to a Code of Ethics and Business Conduct that has been specifically designed to guarantee compliance and obligation to applicable laws and regulations.
Magal is committed to manage a process that promotes, reinforces and ensures customer satisfaction throughout a project's life cycle.
Our basic principles reflect our commitment to:
- Providing high-quality solutions
- Demonstrating integrity and credibility towards our stakeholders worldwide in all aspects of our business endeavors
Governance and Auditing
Magal’s audit committee consists of three board members in compliance with the Securities and Exchange Commission, NASDAQ and Israeli law for audit committee members.
The audit committee meets at least once each quarter and, among others, reviews of the internal controls of the company and the internal auditor’s audit annual plan.
Environment & Community
Magal is dedicated to the environment and the communities in which it operates. We manage a process that promotes, reinforces and ensures compliance with international environmental standards and regulations.
Magal performs according to guidelines and requirements that reduce and minimize environmental hazards, and that are designed to help create and preserve a clean and safe world.
Magal contributes to community relations and social responsibility by encouraging involvement of employees in the community′s daily life assisting less fortunate groups.
Magal has evaluated its current product lines and determined that certain minerals, necessary to the functionality and/or production of the products we manufacture, or contract to manufacture, contain tin, tungsten, tantalum, or gold (3TG), which are defined as “conflict minerals” by the United States Securities and Exchange Commission.
Accordingly, Magal has filed a Disclosure Report along with a Conflict Minerals Report to disclose the measures we have taken to determine the origin of the conflict minerals used in our products.
Code of Ethics
Magal believes that conducting Company's business honestly, ethically and with integrity are crucial to the Company's continued success and growth and are essential attributes of the Company's reputation.
We strongly believe that a reputation for honesty is a priceless asset.