Bribery and Corruption
POLICY
POLICY
POLICY
01. INTRODUCTION
The Company is determined to maintain its reputation as a Contractor / Supplier which will not tolerate fraud, corruption or abuse of position for personal gain, wherever it may be found in any area of Company activity.
The purpose of this Policy Statement is to set out the main principles for countering fraud and corruption.
The Policy statement includes:-
● the scope;
● the culture and the stance against fraud and corruption;
● how to raise concerns and report financial malpractice;
● the principle of having a Company anti-fraud & corruption strategy;
● the responsible officer.
Company Managers should play a key role in counter-fraud initiatives. This includes providing a framework within which counter-fraud arrangements will flourish, and the promotion of an anti-fraud culture across the whole of the Company. This should provide a sound defence against internal and external abuse of Company funds.
Part of the Managing Director’s statutory duties is to ensure that the Company has in place adequate arrangements for the prevention and detection of fraud and corruption.
The relevant definitions are as follows;
● Fraud is the “intentional distortion of financial statements or other records by persons internal or external to the organisation, which is carried out to conceal the misappropriation of assets or otherwise for gain”.
● Corruption is the “offering, giving, soliciting or acceptance of an inducement or reward which may improperly influence the action of any person”.
The Company is determined to maintain its reputation as a Contractor / Supplier which will not tolerate fraud, corruption or abuse of position for personal gain, wherever it may be found in any area of Company activity.
The purpose of this Policy Statement is to set out the main principles for countering fraud and corruption.
The Policy statement includes:-
● the scope;
● the culture and the stance against fraud and corruption;
● how to raise concerns and report financial malpractice;
● the principle of having a Company anti-fraud & corruption strategy;
● the responsible officer.
Company Managers should play a key role in counter-fraud initiatives. This includes providing a framework within which counter-fraud arrangements will flourish, and the promotion of an anti-fraud culture across the whole of the Company. This should provide a sound defence against internal and external abuse of Company funds.
Part of the Managing Director’s statutory duties is to ensure that the Company has in place adequate arrangements for the prevention and detection of fraud and corruption.
The relevant definitions are as follows;
● Fraud is the “intentional distortion of financial statements or other records by persons internal or external to the organisation, which is carried out to conceal the misappropriation of assets or otherwise for gain”.
● Corruption is the “offering, giving, soliciting or acceptance of an inducement or reward which may improperly influence the action of any person”.
The Company is determined to maintain its reputation as a Contractor / Supplier which will not tolerate fraud, corruption or abuse of position for personal gain, wherever it may be found in any area of Company activity.
The purpose of this Policy Statement is to set out the main principles for countering fraud and corruption.
The Policy statement includes:-
● the scope;
● the culture and the stance against fraud and corruption;
● how to raise concerns and report financial malpractice;
● the principle of having a Company anti-fraud & corruption strategy;
● the responsible officer.
Company Managers should play a key role in counter-fraud initiatives. This includes providing a framework within which counter-fraud arrangements will flourish, and the promotion of an anti-fraud culture across the whole of the Company. This should provide a sound defence against internal and external abuse of Company funds.
Part of the Managing Director’s statutory duties is to ensure that the Company has in place adequate arrangements for the prevention and detection of fraud and corruption.
The relevant definitions are as follows;
● Fraud is the “intentional distortion of financial statements or other records by persons internal or external to the organisation, which is carried out to conceal the misappropriation of assets or otherwise for gain”.
● Corruption is the “offering, giving, soliciting or acceptance of an inducement or reward which may improperly influence the action of any person”.
02. SCOPE
The Policy Statement applies to Company Employees (full time, part time, temporary and casual).
The Company expects that individuals and organisations (e.g. suppliers, contractors, and service providers) that it deals with will act with integrity and without thought or actions involving fraud and corruption.
The Policy Statement applies to Company Employees (full time, part time, temporary and casual).
The Company expects that individuals and organisations (e.g. suppliers, contractors, and service providers) that it deals with will act with integrity and without thought or actions involving fraud and corruption.
The Policy Statement applies to Company Employees (full time, part time, temporary and casual).
The Company expects that individuals and organisations (e.g. suppliers, contractors, and service providers) that it deals with will act with integrity and without thought or actions involving fraud and corruption.
03. CULTURE AND STANCE AGAINST FRAUD AND CORRUPTION
Responsibility for an anti-fraud culture is the joint duty of all those involved in giving direction, determining policy and management. The strategy should be directed against fraud and corruption whether it is attempted against the Company from outside or from within its own workforce.
The Company expects staff at all levels will lead by example in ensuring adherence to legal requirements, contracts procedure rules, financial procedure rules, codes of conduct and best (professional) practice.
As part of this culture, the Company will provide clear routes by which concerns can be raised by both staff, and those outside who are providing, using or paying for public services. Senior Management is expected to deal swiftly and firmly with those who defraud the Company or who are corrupt. The Company will be robust in dealing with financial malpractice.
Responsibility for an anti-fraud culture is the joint duty of all those involved in giving direction, determining policy and management. The strategy should be directed against fraud and corruption whether it is attempted against the Company from outside or from within its own workforce.
The Company expects staff at all levels will lead by example in ensuring adherence to legal requirements, contracts procedure rules, financial procedure rules, codes of conduct and best (professional) practice.
As part of this culture, the Company will provide clear routes by which concerns can be raised by both staff, and those outside who are providing, using or paying for public services. Senior Management is expected to deal swiftly and firmly with those who defraud the Company or who are corrupt. The Company will be robust in dealing with financial malpractice.
Responsibility for an anti-fraud culture is the joint duty of all those involved in giving direction, determining policy and management. The strategy should be directed against fraud and corruption whether it is attempted against the Company from outside or from within its own workforce.
The Company expects staff at all levels will lead by example in ensuring adherence to legal requirements, contracts procedure rules, financial procedure rules, codes of conduct and best (professional) practice.
As part of this culture, the Company will provide clear routes by which concerns can be raised by both staff, and those outside who are providing, using or paying for public services. Senior Management is expected to deal swiftly and firmly with those who defraud the Company or who are corrupt. The Company will be robust in dealing with financial malpractice.
04. RAISING CONCERNS
Although this document specifically refers to fraud and corruption, it equally applies to any forms of malpractice, and may also include acts committed outside of official duties but which impact upon the Company’s trust in the individual concerned.
Examples may include:-
● the criminal acts of theft of "property", which includes all assets and cash;
● false accounting;
● obtaining by deception;
● pecuniary advantage by deception;
● computer abuse and computer crime.
Managers are an important element in the Company’s stance on fraud and corruption, and they are positively encouraged and expected to raise any concerns that they may have on these issues where they are associated with the Company's activity.
Staff should normally raise concerns thorough their immediate manager, however it is recognised that they may feel inhibited in certain circumstances. In this case, staff should contact the ManagingDirector.
Concerns will be treated in confidence, properly investigated and dealt with fairly. There is, of course, a need to ensure that any investigation process is not misused, therefore, any internal abuse, such as raising malicious or vexatious allegations, may be dealt with as a disciplinary matter.
Although this document specifically refers to fraud and corruption, it equally applies to any forms of malpractice, and may also include acts committed outside of official duties but which impact upon the Company’s trust in the individual concerned.
Examples may include:-
● the criminal acts of theft of "property", which includes all assets and cash;
● false accounting;
● obtaining by deception;
● pecuniary advantage by deception;
● computer abuse and computer crime.
Managers are an important element in the Company’s stance on fraud and corruption, and they are positively encouraged and expected to raise any concerns that they may have on these issues where they are associated with the Company's activity.
Staff should normally raise concerns thorough their immediate manager, however it is recognised that they may feel inhibited in certain circumstances. In this case, staff should contact the ManagingDirector.
Concerns will be treated in confidence, properly investigated and dealt with fairly. There is, of course, a need to ensure that any investigation process is not misused, therefore, any internal abuse, such as raising malicious or vexatious allegations, may be dealt with as a disciplinary matter.
Although this document specifically refers to fraud and corruption, it equally applies to any forms of malpractice, and may also include acts committed outside of official duties but which impact upon the Company’s trust in the individual concerned.
Examples may include:-
● the criminal acts of theft of "property", which includes all assets and cash;
● false accounting;
● obtaining by deception;
● pecuniary advantage by deception;
● computer abuse and computer crime.
Managers are an important element in the Company’s stance on fraud and corruption, and they are positively encouraged and expected to raise any concerns that they may have on these issues where they are associated with the Company's activity.
Staff should normally raise concerns thorough their immediate manager, however it is recognised that they may feel inhibited in certain circumstances. In this case, staff should contact the ManagingDirector.
Concerns will be treated in confidence, properly investigated and dealt with fairly. There is, of course, a need to ensure that any investigation process is not misused, therefore, any internal abuse, such as raising malicious or vexatious allegations, may be dealt with as a disciplinary matter.
05. ANTI-FRAUD AND CORRUPTION STRATEGY
This Policy Statement also forms an important part of the Anti-Fraud & Corruption Strategy by setting out the tone, culture and expectations of the Company.
The strategy involves prevention, deterrence, detection and investigation, action and recovery, as well as the provision of appropriate training to company employees in this regard.
Signed copy held at head office (for information purposes only)
This Policy Statement also forms an important part of the Anti-Fraud & Corruption Strategy by setting out the tone, culture and expectations of the Company.
The strategy involves prevention, deterrence, detection and investigation, action and recovery, as well as the provision of appropriate training to company employees in this regard.
Signed copy held at head office (for information purposes only)
This Policy Statement also forms an important part of the Anti-Fraud & Corruption Strategy by setting out the tone, culture and expectations of the Company.
The strategy involves prevention, deterrence, detection and investigation, action and recovery, as well as the provision of appropriate training to company employees in this regard.
Signed copy held at head office (for information purposes only)
06. CONTACT US
If you have any questions or concerns about our Bribery and Corruption Policy please get in touch with us at:
If you have any questions or concerns about our Bribery and Corruption Policy please get in touch with us at:
If you have any questions or concerns about our Bribery and Corruption Policy please get in touch with us at:
Head Office 46 South Road, Sully Vale of Glamorgan, CF64 5TG
+44 (0)29 20 309581
enquiries@dphltd.co.uk