Anti-Bribery and Corruption
Why it it important to have an Anti-Corruption and Bribery Policy –
Implementing an Anti-Bribery and Corruption policy is crucial for companies in today’s global business landscape. Such a policy is a framework to prevent, detect and address unethical practices, ensuring a transparent and ethical business conduct.
ANTI-BRIBERY & CORRUPTION – The Company Bribery & Corruption Policy has been updated to include the following statements:
- 5.0 Gifts and Hospitality – this section now includes a set of principles listed below:
- Must comply with local law in all relevant countries.
- Must be given in the name of the organisation, not in an individual’s name.
- Must be appropriate in the circumstances.
- Must be of an appropriate type and value and given at an appropriate time considering the reason for the gift.
- 6.0 What is Not Acceptable – It is not acceptable for any worker (or someone on their behalf) to:
- Threaten or retaliate against another worker who has refused to commit a bribery offence or who has raised concerns under this policy.
- Engage in any activity that might lead to a breach of this Policy.
- 7.0 Facilitation Payments and Kickbacks – We do not make and will not accept facilitation payments or ‘kickbacks’ of any kind, such as small, unofficial payments made to secure or expedite a routine government action by a government official or, payments made in return for a business favour or advantage.
- 8.0 Charitable Donations and Sponsorship – The Company only makes charitable donations and provides sponsorship that are legal and ethical under local laws and practices, and which are in accordance with the Company’s internal policies and procedures.
- 11.0 Training and Communication – Training on this Policy is provided for all workers and our aero-tolerance approach to bribery and corruption will, where appropriate, be communicated to clients, suppliers, contractors and business partners.
- 12.0 Monitoring & Review – The Company monitors the effectiveness and reviews the implementation of this policy at appropriate levels, considering its suitability, adequacy and effectiveness. Any improvements identified are made as soon as possible. Internal control systems and procedures are also subject to regular review to provide assurance that they are effective in countering any risks of bribery and corruption.
The full policy can be requested from our HR department.
Published on February 2nd 2024.