To be compliant with respective laws and regulations regarding bribery, corruption and corrupt practices, ABAC CoE can lead the market through innovation and by delivering excellent services and products to its customers.ABAC CoE has zero tolerance in respect of any form of bribery, corruption and corrupt practices by, or of, its employees or any persons or companies acting for or on its behalf.
Attempted bribery or acceptance of a bribe may be considered as gross misconduct and, where it is considered that a criminal offence has occurred, the police may be informed.While responsibility for anti-bribery rests with the Company’s senior management, the [Compliance Officer] will oversee the day-to-day implementation and operation of this Anti-Bribery Policy. Foreign bribery offence under section 70.2(1) of the Criminal Code Act 1995 (Commonwealth) Potential changes to anti-foreign bribery laws in Australia – In April 2017 the Attorney-General’s Department published a Public Consultation Paper on proposed amendments to the foreign bribery offence. In the first instance, you should consider raising your concerns with the designated officer. The Board of Directors and I expect each of you to give these requirements your careful attention in carrying out your duties.Anti Bribery Anti Corruption Center of Excellence Limited (“Company”), herein referred to as ABAC CoE and/or ABAC Certification, is committed to applying the highest standards of ethical conduct, integrity and corporate governance in its business activities. In these events, the Legal Department may obtain the assistance of any ABAC CoE employee, and is authorized to retain accounting firms, outside counsel, or others, as deemed necessary, in the discretion of the Legal Department.The [Compliance Manager], together with a representative of the Human Resources Department, have made an assessment and designated certain persons and/or positions (“Affected Parties”) to train on this Policy.
For effective implementation of this policy the employees working at ABAC CoE are required to get acquainted and familiarise themselves with this policy and comply with it.
The Designated Person or Head of Department will be responsible for keeping the Chief Executive Officer and the Board informed. Any employee concerned about any form of malpractice, improper action, or wrongdoing by the Company, its employees or other stakeholders are strongly encouraged to report the matter through the dedicated Employee Assistance Programme staff helpline.We believe it is essential to create an environment in which you feel able to raise any matters of genuine concern internally without fear of disciplinary action being taken against you, that you will be taken seriously, and that the matters will be investigated appropriately and as far as practicable be kept confidential.ABAC CoE believes that any employee with knowledge of bribery in any form should not remain silent.
But opting out of some of these cookies may have an effect on your browsing experience. An omission or commission of an act constitutes an offence under the law of jurisdiction ABAC CoE operates can result in the business being fined and would likely lead to negative publicity and serious damage to the reputation of the Company’s brand.Any individual, company, firm acting as an agent, paid by the company, acting on the company’s behalf in doing any act entrusted and/or negotiating with Third Parties.A bribe is a financial advantage or other reward that is offered to, given to, or received by an individual or company (whether directly or indirectly) to induce or influence that individual or company to perform public or corporate functions or duties improperly.Bribery occurs when one person offers, pays, seeks or accepts a payment, gift, favour, or a financial or other advantage from another to influence a business outcome improperly, to induce or reward improper conduct or to gain any commercial, contractual, regulatory or personal advantage. Concerns can be raised verbally or in writing.
The Compliance Officer reports any information on allegations and investigation results to the Board of Directors at least once a year.Employees who refuse to take part in bribery or corruption, or report in good faith under this policy their suspicion that an actual or potential bribery or other corruption offence has taken place or may take place in the future will be protected from detrimental treatment/retaliation. It is essential that you read, understand and comply with this policy.This policy also clarifies and identifies practices which could potentially violate anti-bribery and corruption laws in the respective countries where ABAC Certification operates. Alternatively, it might form the basis of a special investigation. Our anti-bribery regulatory obligations require appropriate due diligence be undertaken when establishing a business relationship with a customer.
The Designated Person will send a written acknowledgement of the concern to the individual and will inform the individual making the disclosure, (and as the case may be) the Company Secretary, the chief executive officer, and the Chair of the Board of Directors of what action, if any, is to be taken. While the US FCPA has been the most often enforced anti-corruption law to date, when designing or evaluating your anticorruption program, it is important to consider the UK Bribery Act, and the existence and implications of other newer laws, global treaties and other local laws of the many jurisdictions with which a global company will interact.