1. Membership of PSIK implies support for the development of the Polish private equity industry, and encouraging the advancement of entrepreneurship and the private sector in Poland.
  2. Members shall support the financing of innovation, know-how transfer and the development of small and medium-sized enterprises that have significant growth potential or economic impact in terms of products, technologies, business concepts and services.
  3. Members shall conduct their business in a responsible and professional manner and will not engage in practices that would be damaging to the image and interests of the private equity and venture capital industry in Poland.
  4. Members shall ensure their investment portfolio is of a high standard and will avoid financing enterprises or participating in activities that are contrary to this goal. They will take a long-term view of the economy and the private equity industry and refrain from short-term speculative activities.
  5. Members shall promote and maintain ethical standards of conduct and at all times deal fairly and honestly with all other companies and with business concerns seeking their financial advice or support.
  6. Members will not disclose to third parties any confidential information acquired in the course of negotiations with potential investees, or in the course of business with investees, unless they have received explicit permission for such disclosure.
  7. Members shall require the management of the companies in their investment portfolios to operate in accordance with the highest standards of corporate governance and to comply fully with all appropriate local laws and regulations.
  8. No member shall malign, defame or unfairly criticize any other member in any dealings with proposed client companies or otherwise.
  9. Directors, managers, employees, nominees, and representatives of a private equity management firm should seek to execute their undertakings, duties, and responsibilities in a professional manner and without the aim of personal gain except insofar as they benefit from the success of the fund according to established compensation and profit-sharing contracts.
  10. When two or more members participate in investments or loans, the sponsoring member and all other participating members shall make full disclosure of all facts known to them about the proposed client company and all relationships between the proposed client company, its managers, directors, stockholders, employees, nominees or representatives, with the sponsoring member and other participating members or any of their managers, directors, stockholders, employees, nominees or representatives.
  11. Members will not accept in their funds capital subscribed from unspecified sources nor shall they represent major 'blind' pools of capital.
  12. Members shall be accountable to their investors, whom they shall keep fully informed by providing regular operating and financial reports as well as other data.
  13. No member shall take improper advantage of his/her position in PSIK nor of any information addressed to PSIK.

Members shall abide by this Code of Conduct and with all related rulings of the Ethics Committee established by PSIK. Each member shall require its directors, employees, representatives and nominees to comply with these same rules and standards.