Since April 2004 has FRENCO a constitution - this was signed by all managing directors. Here you could
download the FRENCO-constitution
as a PDF-file.
Preamble
The FRENCO constitution fixes the principles of actions of the managing persons and their employees.
Basis
The existence of FRENCO is based on persons, who want to be as free as much in their working life time. These persons take over risks for the advantage of being free.
Sense
The sense of FRENCO is, to allow all persons working at FRENCO to earn their good living.
Innovation
FRENCO offers special achievements for a free market. FRENCO is open for new ideas and gives the freedom to try them in theory and practice.
Culture
FRENCO supports the personal development of all employees. The example of the managing persons sets the level of all employees and of the complete company.
Personal spheres
The personal spheres at FRENCO are based on confidential and responsible cooperation. Every employee bears personal responsibility for his work. FRENCO supports these personal responsibilities.
Communication
Inside of FRENCO communication, harmony and mutual understanding are preferred. Conflicts are communicated.
Honesty
Successful communication is only possible with mutual honesty. FRENCO builds up the mind on the honesty of all persons being inside or outside of the company.
Egoism
FRENCO has a higher priority than the self-interest of every employee. The interests of the company must not be undermined by personal egoism.
Form of organization
FRENCO lives in a heterarchy form of organization. This is much softer than hierarchy. Every kind of cross connections is desired. Regulations are only used where they are needed and helpful. Overregulations are avoided.
Power of finances
FRENCO avoids dependence on financial institutions. Self-financing is striven for. Oversized steps will be avoided. Indepedence will be protected.
Balancing
A long-term continuity is achieved by a well- balanced consideration of all factors of earnings like development, associations, employees, shareholders and savings.
Validity
The constitution of FRENCO is voted by the minimum majority of 75% of the shareholders and may be changed only by this majority.
Buger, Mallorca, 24. April 2004
Rudolf Och, Wolfram Meyer, Reinhard Chwalka, Thomas Peter