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| SMP’s vision is to be the leading independent supplier to the automotive aftermarket providing the highest quality products, the best customer service, competitive prices and the highest reputation for integrity to all channels of distribution while maintaining a profitable return for all stakeholders. |
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| For our customers we believe that customer satisfaction with our products and services will determine our future existence therefore our goal is to be recognized by our customers as being the best supplier they do business with by providing excellent quality, price, support and service. |
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| For our employees we believe that they are our most valued and long term resource. We will support and encourage each employee’s contribution and personal growth and believe that all employees are entitled to dignity, respect, recognition, proper training and supervision, and fair compensation. Training is a continuing process for all employees and we will work cooperatively to establish a positive working environment in which all necessary steps will be taken to provide a healthy and safe workplace for employees. |
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| We are committed to a decentralized structure in which business decisions are made at the lowest appropriate level. Responsibility, authority, and accountability are delegated as closely as possible to those performing the work. We believe that this will aid in creating an environment that will foster innovation and risk-taking necessary to employees’ development. |
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| Quality and excellence will be emphasized above all else. Quality of product, application, and service is essential to our mission. We believe that quality results from an environment in which people, in their diversity, work together to sustain excellence. |
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| For our suppliers we believe that they should be part of our commitment to improvement. We intend to establish long-term trusting relationships with those suppliers who can provide quantifiable evidence of quality and service. |
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| For our community we will make every effort to be a good corporate citizen of the community by conducting our business at all times in a fair, ethical, and professional manner with customers, governments, suppliers, community neighbors, and the general public. We aim to act as a positive influence in our community by participating in philanthropic endeavors, abiding by all laws and regulations affecting our business, and conducting active programs to ensure compliance with antitrust, health and safety, and equal employment opportunity. |
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| For the environment we are committed to conduct our businesses in an environmentally responsible and proactive manner. We are mindful of this responsibility and endeavor to consider the environmental impact from the outset with a dedication to innovative and accountable engineering driving efficient and green manufacturing processes. We will strive to conserve our natural resources and minimize waste through innovative engineering and efficient manufacturing processes. |
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| Recent legislation enacted in the State of California requires certain companies to disclose their efforts to evaluate and address the risks of human trafficking and slavery in their direct supply chain for tangible goods offered for sale. Standard Motor Products, Inc. forbids the use of human trafficking, forced labor, unlawful child labor and slavery in the manufacture of products offered for sale, and we will not tolerate the use of such practices by those with whom we conduct business. The following statements disclose our efforts to evaluate and address the risks of such practices in our direct supply chain. |
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| Verification. Inherent in our values and our commitment to good corporate citizenship is a respect for human rights and ethical labor practices, which are irreconcilable with human trafficking and slavery. Our Code of Ethics and operating procedures adopted under our Code are designed to ensure compliance with all applicable laws, rules and regulations and the recognition of such rights and practices in all aspects of our business. Although it is important to us that our direct suppliers endorse the principles in our Code of Ethics, we do not currently verify their compliance with such principles. |
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| Audit. As discussed above, we do not currently verify or audit our direct suppliers for compliance with our Code of Ethics. In response to the legislation enacted in California, we are taking steps to internally evaluate the risks of human trafficking and slavery in our product supply chains. As part of our evaluation process, we may conduct independent or otherwise, unannounced supplier audits to verify results of the evaluation if there are facts and circumstances that warrant an extra level of review. |
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| Compliance. In many cases our direct suppliers are bound through supply agreements or purchase order terms and conditions to comply with all applicable laws, rules and regulations, including those which apply to human trafficking and slavery. However, we do not currently require our direct suppliers to certify that materials incorporated into products supplied to us specifically comply with laws regarding human trafficking and slavery in the country(s) in which they are doing business. |
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| Accountability. Upon hire, and on an annual basis thereafter, we require all salaried employees to read, understand and acknowledge compliance with our Code of Ethics. As discussed above, the practices of human trafficking and slavery would constitute a violation of our Code of Ethics and would result in disciplinary action being taken against the employee, including termination of employment. |
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| Training. As noted above, we explain our Code of Ethics to our employees, including those responsible for interfacing with our suppliers, and we require that they agree to apply our Code of Ethics in all aspects of our business, including all dealings with suppliers. |
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