Anti-Corruption & Bribery Policy
- Purpose
The purpose of this policy is to ensure that Haddonstone and its employees, contractors, agents, and third parties conduct business in a manner that is transparent, ethical, and in compliance with all applicable laws regarding anti-corruption and bribery. Haddonstone is committed to preventing bribery and corruption in all its forms and will not tolerate such practices within its business. - Scope
This policy applies to all employees, directors, officers, contractors, consultants, and business partners of Haddonstone, both within and outside of the United Kingdom. - Definition of Bribery and Corruption
• Bribery: Offering, giving, receiving, or soliciting something of value to influence the actions of an individual or organisation in a way that is unethical or illegal.
• Corruption: The abuse of power or authority for personal gain, including bribery, kickbacks, fraud, and other unethical activities. - Prohibited Conduct
• Bribery: No employee, director, agent, or business partner of Haddonstone shall offer, give, solicit, or accept any bribe, kickback, or other form of illegal inducement.
• Facilitation Payments: Facilitation payments (small payments made to expedite or secure routine government actions) are prohibited, regardless of the amount.
• Gifts and Hospitality: Employees may accept or provide gifts and hospitality only if they are reasonable, not intended to influence business decisions, and comply with local laws and regulations.
• Political Contributions: Employees are prohibited from making political donations on behalf of Haddonstone or using company funds for political purposes without prior approval from management. - Compliance with Laws and Regulations
All employees and third parties must comply with all applicable anti-corruption and anti-bribery laws and regulations in the countries where Haddonstone operates, including but not limited to the UK Bribery Act and other relevant legislation. - Reporting Suspected Violations
Employees who become aware of any activity or conduct that may constitute bribery or corruption are required to report it immediately. Haddonstone has established the following reporting mechanisms:
• Direct supervisor or manager
• Human Resources department
• Confidential hotline or email (for anonymous reporting)
All reports will be treated confidentially, and no employee will suffer retaliation for reporting in good faith.
- Consequences of Violations
Any violation of this policy may result in disciplinary action, including termination of employment or contractual relationships. In addition, individuals involved in bribery or corruption may face legal prosecution. - Training and Awareness
Haddonstone will provide periodic training to employees and relevant third parties on anti-corruption and bribery laws, this policy, and how to identify and report suspicious activities. All employees are required to participate in such training. - Due Diligence
Haddonstone will conduct appropriate due diligence before entering into any agreement with third parties to ensure they comply with anti-corruption laws and ethical standards. This includes assessing potential risks in relation to new business partners, contractors, or agents. - Monitoring and Auditing
Haddonstone will regularly monitor and audit its business operations, including financial transactions and relationships with third parties, to ensure compliance with this policy. - Review and Amendments
This policy will be reviewed annually and updated as needed to reflect changes in laws or business practices. Any amendments will be communicated to all employees.
