Anti-Bribery and Corruption Policy
Updated September 2024
Introduction
AirGen is committed to conducting business with the highest ethical standards, including compliance with anti-bribery and corruption laws. This policy outlines our zero-tolerance approach to bribery and corruption in all forms.
Scope
This policy applies to all employees, contractors, suppliers, and business partners of AirGen. It governs interactions with public officials, clients, and any third-party organisation.
Policy Statement
AirGen prohibits the offer, giving, receiving, or soliciting of any form of bribe, whether in cash or kind, to gain commercial, contractual, or personal advantage. We expect all employees to act with integrity and transparency in all business dealings.
Responsibilities
All employees are responsible for ensuring they do not engage in bribery or corruption. Managers are tasked with maintaining clear records of all financial transactions and dealings with third parties. Any suspicion of bribery must be reported immediately through our whistleblower channels.
Gifts and Hospitality
Gifts and hospitality must be reasonable and proportionate. Any gifts over a specified threshold must be declared, and any attempt to influence business decisions through extravagant gifts or entertainment will not be tolerated.
Risk Assessment and Due Diligence
AirGen will conduct risk assessments of all business operations and suppliers to ensure compliance with anti-bribery laws. Due diligence will be performed before engaging in any new business relationships.
Reporting and Whistleblowing
Any employee who suspects or witnesses bribery or corruption must report the issue immediately, either to their manager or through AirGen's whistleblowing mechanism. All reports will be treated with confidentiality and without fear of retaliation.
Training
AirGen will provide regular training to employees on anti-bribery and corruption laws, ensuring all staff understand the risks and their responsibilities.
Consequences
Breaches of this policy may result in disciplinary action, including dismissal, and may lead to criminal prosecution.
Review
This policy will be reviewed annually to ensure it remains up-to-date and effective in preventing bribery and corruption. This policy helps ensure compliance with laws and reflects AirGen's commitment to ethical business practices.