10. Bribery & Corruption
It is the Company Policy to conduct all business in an honest and ethical manner. We maintain a zero-tolerance approach to bribery and corruption and are committed to acting professionally, fairly and with integrity in all our business dealings and relationships, wherever we operate and to implement effective systems to counter bribery.
Bribery includes not only direct payments, but also authorizing or permitting an associate or third party to commit any of the acts or take any part in the actions.
Gifts and offers: Employees are prohibited for soliciting / accepting or offering gifts or commissions in any manner with vendors, contractors, partners or from any third party.
Employees are prohibited from offering or promising any gifts, hospitality, loan, fee or other advantage to a public official with the intention of influencing them in the performance of a function to obtain a business advantage.
The policy prohibits corrupt payments, offers, gifts, travel and entertainment offers etc of any kind to partners or government officials and enforces the exercise of diligence to ensure that conduct is in line with Company policies and Laws.
Job Offers: Employees shall comply with the Company’s Recruitment Policy and if received any application is received in any unavoidable circumstances, the same shall be reported to the Division Manager or to the Human Resource Department.
Donations: Charitable donations are processed through Company Public Relation Department by Management or Board of Directors and Employees are prohibited to engage or to recommend for or of favors.
Potential Risks: Employees must be vigilant while dealing with issues/risks that may arise during the regular course of business and shall report the same immediately to Reporting / Division Manager. The employees shall avoid or report any case of an increased risk of improper or corrupt behavior, which may be by way of Excessive Commissions, unreasonable discounts, unusual/ complex terms, non-transparent documents etc.
Business Hospitality: The policy does not prohibit normal business hospitality, so long as it is reasonable, appropriate modest and if its purpose is to improve the Company image, products and services or to establish cordial relations.
Business hospitality processes and engagements must be pre-approved at all appropriate levels of Company Management and the assigned Company representatives shall engage in such events.
Offense: Bribery is a serious criminal offense in the Kingdom of Bahrain and can result in the imposition of severe fines or custodial sentences, exclusion from tendering contracts or severe reputational damage.