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Bribery and corruption is, unfortunately, a feature of corporate and public life in many countries across the world. Governments, businesses and non-governmental organisations such as Transparency International are working together to tackle the issue but despite our collective efforts eradicating all forms of bribery and corruption will take time. F.G Barnes therefore has a clear policy and we support our employees to make decisions in line with our stated position.
Our corporate conduct is based on our commitment to acting professionally, fairly and with integrity. F.G Barnes does not tolerate any form of bribery and corruption.
The purpose of this policy is to set out the responsibilities of Group functions and business units in observing and upholding our position on bribery and corruption.
This policy applies to F.G Barnes employees (staff, contract and temporary) and extends to all our majority owned business dealings and transactions, we will also encourage the application of this policy amongst our business partners including contractors, suppliers and joint venture partners.
Our first principle, ‘integrity in corporate conduct’, states that F.G Barnes does not engage in bribery or any form of unethical inducement or payment including facilitation payments and ‘kickbacks.’ All employees are required to avoid any activities that might lead to, or suggest, a conflict of interest with the business of the Company. Employees must declare and keep a record of hospitality or gifts accepted or offered, which will be subject to managerial review. We do not make direct or indirect contributions to political parties.
We will uphold laws relevant to countering bribery and corruption in all the jurisdictions in which we operate, particularly laws that are directly relevant to specific business practices.
The Chairman is the main board director with primary responsibility for implementing this policy and for reporting annually. And the General managers of each business unit will establish appropriate responsibilities and procedures within their operations. If any instance of bribery or corruption is identified, we will take remedial steps immediately.
We will communicate this policy and relevant guidance to employees across the Group, through our established internal communication channels. We will also communicate this policy to our suppliers, contractors and business partners and wider stakeholders. Managers, employees and agents will receive relevant training on how to implement this policy in the scope of their employment with the Group.
Employees are encouraged to raise concerns about any instance of malpractice at the earliest possible stage
F.G Barnes senior management will review the implementation of this policy in respect of its suitability, adequacy and effectiveness and make improvements as appropriate.
F.G Barnes will establish feedback mechanisms in order to maintain accurate records - available for inspection - which properly and fairly document all financial transactions. Internal control systems will be subject to regular audits to provide assurance that they are effective in countering bribery and corruption.