1. Purpose: Our organization is committed to conducting its business with integrity and in compliance with all applicable laws and regulations. Bribery and corruption in any form are unacceptable and undermine trust, fairness, and transparency. This Anti-Corruption Policy outlines our commitment to preventing bribery and corruption within our organization and among our business partners.
2. Policy:
a. Prohibition of Bribery: No employee, officer, director, contractor, consultant, agent, or representative of our organization shall offer, give, receive, or solicit any bribe or improper payment, whether in cash or in kind, to or from any individual, including but not limited to government officials, customers, suppliers, or any other third parties.
b. Facilitation Payments: Facilitation payments, often referred to as "grease payments," are also prohibited. These are payments made to expedite routine government actions, such as obtaining permits or licenses, to which the payer is entitled.
c. Gifts and Hospitality: Gifts, entertainment, or hospitality may be offered or accepted only if they are modest, legal, and ethical, and do not create a conflict of interest or the appearance of impropriety.
d. Record-Keeping: Accurate and transparent records of all transactions and expenditures must be maintained in accordance with applicable laws and regulations.
e. Reporting: Any employee who becomes aware of or suspects any violation of this policy must report it immediately to their supervisor, the Compliance Officer, or through the designated reporting channels outlined in the Whistleblower Policy.
3.. Compliance: All employees are required to read, understand, and comply with this Anti Corruption Policy. Violations of this policy may result in disciplinary action, up to and including termination of employment, and may also lead to civil or criminal penalties for individuals and the organization.
4. Review and Updates: This policy shall be reviewed periodically to ensure its effectiveness and compliance with applicable laws and regulations. Any updates or revisions to this policy shall be communicated to all employees.
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