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Code of Conduct

IEC partners are business information bureaus. We support the commercial, financial, economic and decision made by insurance, industry, trade and commerce companies and also other businesses. A few of our partners give us information on private individuals.

We promote and support the business information database industry with our up-to-date database for commercial decisions. The information is collected to create and update the record which is in turn leaked to followers of business information agencies.

We observe the importance of our movements with regard to the rights of the data subject based on information won-determination. We collect and use data fairly and lawfully in consonance with the proper data protection and privacy law.

Before importing data on our database, we take all necessary steps to make sure that data is valid and do update if needed. Business information should be updated according to the precedence of each shell in order to give a true and perfect image of the subject business by allusion – where relevant – to a correct date.

We shall therefore

  • Take account of any interests of the data subject and the interests of the data recipient
  • Respect the affection of sources providing data
  • Take appropriate measures to protect personal data against unauthorised alteration, disclosure or access and against unlawful forms of use
  • Respect and employ principles of transparency in our activities
  • Correct, suppress or delete incorrect or irrelevant data at the request of the concerned party (after completing all the necessary double-checking to ensure the accuracy of the changes asked) or independently when inaccuracy or irrelevance is noticed

Data Collection

We collect data by using generally accessible and public sources such as public registers, published balance-sheets, official gazettes, newspapers and by official interviews. For commercial data questioning of relevant 3rd parties may take place to confirm or complete the information held.

Verification processes and quality programs are employed to maintain data quality. Where such 3rd parties provide data on a private basis, we shall respect this privacy.

Transparency of the Activities

In different countries transparency of data use is collected under local laws either by pro-active or reactive requirements.

These may include the obligation to inform data subjects of the storage of their data and to make it possible for them to obtain information without any trouble.

Data Security

We shall implement appropriate technical and organizational measures to protect personal data against unexpected or unlawful destruction, accidental loss, unauthorized alteration, disclosure or access and all other unlawful forms of processing.

We shall ensure a level of security appropriate to the risks represented by the processing and the nature of the data to be protected. We shall ensure that our employees understand their obligation to maintain the security and confidentiality of data and that they accept.

Data Compliance Officer

Every IEC partner is required to appoint a data compliance officer (who may be an employee or an external person) to ensure compliance with this code of conduct within the partner company. This data compliance officer will deal with any complaints.

Compliance Committee

IEC has appointed a consent committee to ensure compliance by its partners with this code of conduct. Any data subject, data recipient of IEC partners shall be entitled to complain in writing to the compliance committee about a breach of this code of conduct.

The committee shall give its written opinion about the complaint within two months of receiving the complaint.