Corruption is dishonest or fraudulent behaviour of leaders, typically with corruption. The Compliance Committee oversees the assessment of corruption and corruption risks across the company, as well as the assessment of controls, advice and reports to management and the board of directors regarding the risks associated with the fight against corruption and corruption (AB-C). We must make it clear to the third parties who represent the company we expect them to respect our policies of corruption and corruption. In some legal systems, the company may be convicted of an offence, if it is guilty of corruption, which is carried out on its behalf by a third party, even if no one in the company was actually aware of the corruption. This anti-corruption and anti-corruption policy establishes principles that must govern our behavior, in order to: a) strengthen our intention and commitment to act honestly and ethically in all our trading relations. At Principal, corruption is never allowed. We will not attempt to directly or indirectly influence others by offering, paying or receiving bribes or bribes, or by other means deemed unethical, illegal or detrimental to our reputation for honesty and integrity. Employees and company representatives are expected to refuse any opportunity that would compromise our ethical principles and reputation. While some laws apply only to bribes paid to government officials (domestic and foreign); this directive also applies to non-governmental counterparties. No state aid provision is free from the risk of fraud and corruption, and most donors have anti-corruption strategies in place to protect their funds from corruption. These include the obligation of a policy of non-corruption, both internally and externally. As far as development partners are concerned, the main pillars of these anti-corruption strategies generally cover three main dimensions, namely prevention, detection and an appropriate sanctions system.
The inclusion of specific anti-corruption clauses in cooperation agreements is an important way to integrate corruption into political dialogue with partners. In addition, donor corruption management strategies include efforts to improve the project design process to explicitly assess and address corruption risks at all stages of the programming cycle, increase transparency, publicity and civil society participation, and strengthen monitoring and monitoring of development projects in the implementation of bribes and corruption. , which are not only contrary to our corporate values; they are illegal and may impose fines and penalties on the employee and the company, including custodial and reputational damage. “Easy or fat payments” are payments that facilitate a normal government function, for example. B to speed up the processing of paperwork.