General Governance Principles

Core Values
The attitudes, behaviour and performance of our employees are guided by four core values – shared across all levels in the company:

• Customer Centric. Nera Networks is driven by a strong ambition to deliver products and services that contribute profoundly to our customers’ own businesses.
• Technologically Ambitious. Our technological ambitions are our main motivators and a source of pride and self-confidence.
• Competitive. Nera Networks has the culture of a challenger, always eager to outperform competitors.
• Culturally Sensitive. In Nera Networks, we do not underestimate the cultural challenges of operating globally. We always act with respect for local traditions, and cooperate closely across company, cultural and geographic borders to make this happen.

Code of Conduct
Our Code of Conduct is a key management tool that influences all our actions and decision making.

The Code of Conduct covers areas that are important for securing business ethics in all aspects of our activities. It gives specific and practical rules, and set the standards for how our employees, hired staff and other representatives of Nera Networks conduct business. 

Equal Opportunity
Nera Networks puts emphasis on building a unified culture characterized by efficient and open cross-cultural communication.

Our corporate values also form the foundation of the company’s human resource policy. We are committed to equal opportunities for all employees of both genders, respect for local traditions and - as a minimum - adherence to local legislation regarding employment rights and general business conduct.

Corporate Governance Principles
At Nera Networks, good corporate governance is a tool for achieving our vision, value creation and strategic goals. The Group Management is responsible for ensuring that rules, procedures and structures comply with the company's governance principles.

Corporate governance for Nera Networks is founded upon;

• Openness and transparency
• Equal treatment of shareholders
• Compliance with rules and regulations
• A balanced and structured Board
• Ethical and responsible decision-making
• Integrity in financial reporting
• Timely and balanced disclosure
• Holistic risk management
• Fair and responsible remuneration

Management Principles
Our management principles are designed to provide a framework for long-term, controlled and strategic development of the company. These principles are:

• A distinctly pronounced and communicated vision and key strategies that define the direction of our company.
• A set of core values that define and promote a common corporate culture and provide behavioural guidance.
• Clearly defined and documented requirements to act in accordance with guidelines regarding financial reporting and budgeting.
• A lean organizational model with active participation from top management in the day-to-day operation of the company.