On  May  6,  2002  JSC "Grindeks" Chairman of Supervisory Board Valdis

Jākobsons  and  Chairman  of  Management  Board Jeļena Borcova signed a

letter  addressed to the UNO Secretary General Kofi Annan, stating that

the company is joining the international movement Global Compact.

Global  Compact  is  a  way for a business to demonstrate its corporate

social  responsibility.  It  is  a contract between businesses aimed at

social and business environment development and environment protection.

It  consists  of nine general principles, which voice that corporations

have  to  comply with human rights, employment rights, and have to care

for  environment. The companies who have joined the movement (currently

several   hundreds   worldwide)   demonstrate   to  the  society  their

understanding and pro-activity in corporate social responsibility, thus

creating  a  positive  public  image.  These  corporations  prove  that

globalisation  may  be of benefit to various social groups. Already now

"Grindeks"  complies  with  all  nine  Global  Compact  principles. The

company  has a social policy in place that provides for social security

of  the  employees.  Collective Agreement is being signed each year for

already  an  number  of  year in row; the company strictly observes the

employment   rights.  The  company  cares  for  environment,  which  is

evidenced  by the Environment Management Certificate ISO 14001, granted

to "Grindeks" in 2001.