Anti Corruption Policy Applicable :
This Anti Corruption policy is applicable for all the
parties who are related to Auto Group in its internal and external
environment.The objective of this policy is to make clear guidelines and
focusing on the ongoing practices of Auto Group regarding how the morality and
honesty are being adopted in its operations. Bribery and corruption is,
unfortunately, a feature of corporate and public life in many countries across
the world. Governments, businesses and non-governmental organizations are
working together to tackle the issue. Our corporate conduct is based on our
commitment to acting professionally, fairly and with integrity. Auto Group does
not tolerate any form of bribery and corruption like anti child policy. The purpose of this Anti
Corruption policy is to set out the responsibilities of Group functions and
business units in observing and upholding our position on bribery and
corruption. This anti bribery policy applies to Auto Group all employees
(staff, worker, contract and temporary) and extends to all our sub contractor
& supplier.
Basis of Anti Bribery Policy:
Auto Group is committed to ensuring that its activities
reflect its ethical values of honesty, fairness and transparency. The company
will not tolerate corruption, bribery and unfair, anti-competitive activity,
and insists on integrity in all aspects of its business and from all those it
does business with. That’s why this anti bribery policy has been formulated
keeping the values in its core operations. Our first principle, ‘integrity in
corporate conduct’, states that Auto Group does not engage in bribery or any
form of unethical inducement or payment including facilitation payments and ‘kickbacks.’
All employees are required to avoid any activities that might lead to, or
suggest, a conflict of interest with the business of the Company. Auto Group
will follow national and international laws and conventions for support this
anti bribery Anti Corruption Policy.
Anti Bribery and Corruption Policy:
Auto recognizes the threat that, bribery and corruption
could pose threat to economic progress and development in its operating country
and is committed to complying with the requirements of law of the land.
Auto forbids the payment and receiving of bribes on its
behalf, and will maintain an adequate system of procedures designed to prevent
bribery by any person associated with the company.
Company will work for clients and with business partners
that comply with internationally acceptable ethical standards, and where its
commissions are consistent with generally accepted ethical standards.
Company will conduct relationships with clients and business
partners in the spirit of transparency, openness and trust.
Company does not permit the establishment or maintenance of
any undisclosed or unrecorded account, fund or asset, and insists that proper
and full records must be made of all transactions on behalf of the company.
Employees shall act in an ethical, honest and professional
way in all of their business dealings, and may not offer, give or receive any
gift or payment which is, or may be construed as, a bribe. Any demand for, or offer of, a bribe or
inducement to act in any way contrary to the company principles must be
rejected immediately, and reported to senior management.
Keeping in mind that, corporate hospitality is frequently
given and received as part of the development of legitimate and mutually
beneficial relationships, Auto will not condone the giving or receiving of
gifts, hospitality or favors that could be interpreted as an attempt at
bribery. Employees of the company shall avoid accepting gifts, hospitality or
favors which might appear to place them under any obligations. Accepted levels
of gifts could include exchange of branded souvenirs, stationary, official
lunches/ dinners, of which senior management of both companies are aware.
Company employees are required to avoid any contact that
might lead to, or suggest, a conflict of interest between their personal
activities and the business of Auto or its clients.
Employees should report promptly to the company in case of
any violations of law or company policies that come to their attention and to
co-operate fully in any audit, enquiry, review or investigation by the company.
Auto will maintain secure reporting systems to enable such reports to be made
in confidence.
Auto will adhere to all any commitments that it makes in
writing or orally to its employees are also expected to honor their commitments
expressed through acceptance of terms and conditions of the appointment letter,
and all official communication about corporate anti bribery and corruption
policy.
The company will prosecute and take severe legal actions
against anyone found guilty (after
investigation) of any concealment of information, leakage of
confidential information, unannounced departure without proper notice,
involvement in any undisclosed personal business activity or anything that damages
the company in any way.
Regulations & Procedures:
If employees fail to comply with this policy, they are
liable to disciplinary action, up to, and including, dismissal, and even legal
& police action.
Responsible Parties:
Top
management is responsible for ensuring fair and ethical practices in doing
business in its fields.
Department
heads are also responsible to make sure the proper implementation of this
policy at the grass root level of their departments.
Director
HR and Compliance Departments are responsible for taking complaints from
different levels of staff and taking care of various matters regarding breach
of morality and honesty.
The Group
HR Manager is the main responsibility for implementing this policy and for
reporting to the Auto Group Board of Directors time to time.
Communications & Implementations
We will
communicate this policy and relevant guidance to employees across the Group,
through our established internal communication channels. We will also
communicate this policy to our suppliers, contractors and business partners.
Managers, employees will receive relevant training on how to implement this
policy in the scope of their employment with the Group.
Exceptions Of Anti Bribery And Corruption Policy:
Some lapses in abidance may be pardoned on a case to case
basis evaluating the other contributions of an employee to company betterment.
The Auto Group Executive Committee will review the implementation of this anti
bribery and corruption Anti Corruption Policy in respect of its suitability, adequacy and
effectiveness and make improvements as appropriate. Auto Group will establish
feedback mechanisms in order to maintain accurate records - available for
inspection - which properly and fairly document all financial transactions.
Internal control systems will be subject to regular audits to provide assurance
that they are effective in countering bribery and corruption.
Feedback Of Anti Bribery and Corruption Policy:
Information received about anyone committing any breach
through e-mail, and communication or any
other form of message. Strict internal
audit systems that cross check all processes where breach of policy may
happen. External audit mainly of
financ. Having vulnerable
responsibilities shared between multiple numbers of people or departments whose
interests are aligned contradictory to each other to maintain Anti Corruption
policy and anti bribery Anti Corruption Policy
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