The purpose of this Policy is to establish behavioural standards that minimize the risk of corruption within BOET STOPSON. This Policy applies to all of us, including those acting on our behalf, everywhere in the world.
Namely: the laws in force in most countries with regard to attempted or proven corruption, carry significant penalties for companies and employees, including fines and / or imprisonment.
In order to be a responsible and trustworthy company, BOET STOPSON has adopted a Zero Tolerance Policy with respect to corruption. Any non-compliance with this Policy will be treated as a major problem by BOET STOPSON resulting in disciplinary action.
What is corruption?
- Offer, promise or to give (active bribery),
- Solicit, request, receive or accept (passive bribery)
something of value in exchange for an incentive to act or to omit to act inappropriately, illegally, corruptly, unethically or a breach of trust. Corruption as defined in this policy includes bribes deportation, extortion or solicitation, trading in influence or laundering the fruits of these practices.
Corruption occurs when benefits are offered directly or indirectly to third parties, including government agents, suppliers, business partners, customers or prospects, for their participation to influence their actions or decisions in the context of their official or professional function.
The benefits can be financial, or not:
They can include cash or equivalent, meals, entertainment, travel, gifts, hires, contracts, benefits in kind, or any other type of similar goods or services of tangible economic value.
How to behave in relation to gifts and other forms of hospitality?
Gifts and invitations must never influence decisions, or be perceived as having influenced these decisions. There are however exceptions:
- The exchange of small gifts or invitations of low value (less than £50) can, occasionally, constitute a simple contribution to everyday business relations.
- We should not offend our local partners by refusing a gift when offering such a gift is a local custom acceptable and permitted by local law.
In summary, giving or promising free gifts or services is prohibited unless, as a courtesy and of hospitality, these gifts have a symbolic value.
For any questions, concerns or if you are not sure how to react in a situation given, we advise you to contact your Director. The Management is also committed to ensure that no harm will be done to anyone who reports in good faith an offense or who refuses to take part in corrupt activities. I ask everyone to take an active role in developing a culture where corruption has no place and remains unacceptable in all its forms. Please take the time to read this Policy carefully for yourself to ensure that you understand your obligations, for your protection and that of the company.
Jean Luc BATKIN