The Company values its reputation for ethical behaviour and for financial probity and reliability. It recognises that over and above the commission of any crime, any involvement in bribery will also reflect adversely on its image and reputation. Its aim therefore is to limit its exposure to bribery by:
- Establishing and implementing anti-bribery procedures as appropriate,
- Communicating this policy and any relevant procedures to employees’ and to others who perform services for the Company,
- Undertaking appropriate due diligence measures before engaging others to represent the Company in its business dealings,
- Monitoring and reviewing the risks and the effectiveness of any anti-bribery procedures that are in place.The Company prohibits the offering, giving, solicitation or acceptance of any bribe (whether cash or other inducement)
- To or from any person or company (wherever they are situated and whether they are a public official or body or privateperson or company),
- By any individual employees’ member, agent or other person or body acting on behalf of the Company,
- In order to gain any commercial, contractual or regulatory advantage for the Company in a way that is unethical,
- Or, in order to gain any personal advantage (pecuniary or otherwise) for the individual or anyone connected with the individual.
This policy prohibits any inducement that results in a personal gain or advantage to the recipient or any person or body associated with them, and which is intended to influence them to take action that may not be solely in the interests of the Company or of the person or body employing them or whom they represent.
This policy is not meant to prohibit normal and appropriate hospitality or the giving of a gift on a festival or at another special time, providing they are customary in a particular market, are proportionate and are properly recorded.
Inevitably, decisions as to what is acceptable may not always be easy. If you are in any doubt as to whether a potential act constitutes bribery, the matter should be referred to your Manager who in turn will probably refer to a Director before proceeding.
Bribery – Staff responsibility
The prevention, detection and reporting of bribery is the responsibility of all employees’ members and the Company is committed to:
- Encouraging employees’ to be vigilant and to report any suspicion of bribery,
- Providing employees’ with suitable channels of communication and ensuring that sensitive information is treated appropriately,
- Investigating instances of alleged bribery and assisting the police and other appropriate authorities in any resultant prosecution,
- Taking disciplinary action against any individual(s) involved in bribery.Any suspicion of bribery should be reported in confidence to your Manager or more appropriately a Director. The Managing Director has overall responsibility for bribery prevention.