Zircon – moving forward to limit exposure to bribery

October 20th, 2011 by Sarah Green Leave a reply »

The Anti-Bribery Act 2011

In 2011 The Anti Bribery Act made it illegal to offer or receive bribes and to fail to prevent bribery. All individuals as well as British and foreign companies are covered by the Act, provided they have some operations in the UK. Zircon 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. Zircon’s aim therefore is to limit its exposure to bribery and therefore a policy has been installed to implement the Act.

What is bribery?

According to the Anti Bribery Act (2011) “very generally, bribery is defined as giving someone a financial or other advantage to encourage that person to perform their functions or activities improperly or to reward that person for having already done so”.

Zircon – moving forward to limit exposure to bribery

Zircon is actively limiting its exposure to bribery by:
• Setting out a clear anti-bribery policy;
• Training all employees so that they can recognise and avoid the use of bribery by themselves and others;
• Encouraging its employees to be vigilant and to report any suspicion of bribery, providing them with suitable channels of communication and ensuring sensitive information is treated appropriately;
• Rigorously investigating instances of alleged bribery and assisting the police and other appropriate authorities in any resultant prosecution;
• Taking firm and vigorous action against any individual(s) involved in bribery.

The Policy

Zircon prohibits the offering, the giving, the solicitation or the acceptance of any bribe, whether cash or other inducement; in order to gain any commercial, contractual or regulatory advantage for Zircon in a way which is unethical or in order to gain any personal advantage, pecuniary or otherwise, for the individual or anyone connected with the individual.

This policy is not meant to prohibit the following practices providing they are customary in a particular market, are proportionate and are properly recorded:

• Normal and appropriate hospitality
• The giving of a ceremonial gift on a festival or at another special time
• The use of any recognised fast-track process which is available to all on payment of a fee
• The offer of resources to assist the person or body to make the decision more efficiently, provided that they are supplied for that purpose only.
• Gift giving as long as it complies with local law, is not cash or a cash equivalent (such as gift certificates or vouchers) and is of an appropriate type, value and given at an appropriate time.

For more information please contact Sarah Linton, Director. 01737 555 862.

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