Pierrepoint Anti-Corruption & Bribery Policy
Pierrepoint is committed to conducting business with integrity, transparency, and accountability. We have zero tolerance for bribery, corruption, or unethical business practices. This policy outlines our commitment to preventing bribery and corruption within all levels of our business and in compliance with the UK Bribery Act 2010.
1. Purpose
The purpose of this policy is to ensure that all employees, contractors, suppliers, and partners of Pierrepoint understand their responsibilities to comply with anti-bribery and anti-corruption laws, and to maintain high standards of ethical conduct in every aspect of our business.
2. Our Commitment
Pierrepoint is dedicated to:
- Integrity: Conducting all business activities fairly, legally, and ethically.
- Transparency: Ensuring all business decisions and practices are transparent and in line with ethical standards.
- Accountability: Holding all members of our organization, suppliers, and partners accountable for upholding our zero-tolerance policy toward bribery and corruption.
3. Scope
This policy applies to:
- Employees: All employees of Pierrepoint, regardless of their role or position.
- Third Parties: Contractors, suppliers, agents, and business partners who conduct business with Pierrepoint.
4. Definition of Bribery and Corruption
- Bribery: Offering, giving, receiving, or soliciting anything of value to influence the actions of an individual in their professional or public duties.
- Corruption: Abuse of power or position for personal gain or the benefit of another.
Bribery can include cash, gifts, hospitality, or any other benefits intended to sway a decision or gain an improper advantage.
5. Policy Statements
Pierrepoint strictly prohibits:
- Offering or Accepting Bribes: No employee, agent, or third party acting on behalf of Pierrepoint may offer, give, or accept bribes, kickbacks, or other improper payments to or from any individual or organization.
- Facilitation Payments: Facilitation payments intended to expedite or secure a routine action by a government official or other authority are not permitted.
- Gifts and Hospitality: Modest and occasional gifts or hospitality may be accepted if they are customary, reasonable, and not intended to influence business decisions. Gifts or hospitality of excessive value must be disclosed and pre-approved by management.
6. Employee and Partner Responsibilities
All Pierrepoint employees, contractors, and partners are expected to:
- Comply: Adhere to this policy and avoid any activity that could lead to a breach of anti-bribery laws.
- Report: Report any suspected bribery or corrupt activities. Reports can be made to a supervisor or directly to our compliance team at [contact email/phone].
- Act Ethically: Engage in business practices that uphold the highest ethical standards and Pierrepoint’s values.
7. Risk Assessment and Due Diligence
Pierrepoint regularly assesses its exposure to bribery and corruption risks and conducts due diligence on all business partners, especially in high-risk regions or industries, to mitigate any risks.
8. Reporting and Investigations
If any employee, contractor, or third party suspects or becomes aware of potential bribery or corruption, they must report it immediately. Reports can be made confidentially via [contact email/phone] or to a direct supervisor. Pierrepoint will investigate all reports promptly and take appropriate action, including disciplinary measures or termination, where necessary.
9. Training and Awareness
We are committed to providing regular anti-bribery and anti-corruption training to our employees and partners to ensure a thorough understanding of this policy and related legal obligations.
10. Compliance and Monitoring
Pierrepoint will monitor compliance with this policy through audits and evaluations. Non-compliance will be addressed with corrective action, up to and including termination of employment or contract termination for third-party partners.
11. Consequences of Violation
Any violation of this Anti-Corruption and Bribery Policy may result in disciplinary action, including termination of employment or contract termination. Additionally, individuals involved in corrupt practices may face legal consequences under the UK Bribery Act 2010.
12. Review and Updates
This policy will be reviewed annually and updated as needed to ensure continued compliance with relevant laws and regulations. Any changes will be communicated to all employees, contractors, and partners.
For questions or further information about our Anti-Corruption and Bribery Policy, please contact us at support@pierrepoint.co.uk.