Power Protect Trading LLC Procedure Regarding Bribe Control
Our organization is committed to conducting business in accordance with the highest ethical standards and prohibits all forms of bribery and corruption, violation of this Policy or the Company’s Code of Business Conduct could result in disciplinary actions including, but not limited to, termination of employment. Company employees that violate these laws can also face severe civil and criminal penalties, including jail time.
Company expects all employees, officers, directors, and third parties working on its behalf to refrain from engaging in any form of bribery or corruption, irrespective of citizenship, domicile, or location. In addition to this general prohibition on bribery and corruption.
Employees of the Company must abide by all applicable Anti-Bribery laws, for example, federal, regional, provincial, and state laws.
Company prohibits employees from offering or providing corrupt payments and other advantages to or accepting the same from private (non-government) persons and entities. Such payments constitute commercial bribery and are often called “kickbacks.”
The Company’s prohibition on bribery applies to all improper payments regardless of size or purpose, including “facilitating” (or expediting) payments. Facilitating payments refer to small payments to government officials to expedite or facilitate non-discretionary actions or services.
It is never permissible to provide gifts, meals, or entertainment to anyone (government officials or commercial partners) in exchange for any improper favor or benefit.
t is never permissible to provide a donation to improperly influence a government official, or in exchange for any improper favor or benefit. It may, however, be permissible to make donations directly to a government agency (rather than to an individual government official) as part of a charitable effort.
It is never permissible to direct promotional expenses or activities to a government official to improperly influence him or her, or in exchange for any improper favor or benefit.
It is never permissible to provide a political contribution to improperly influence a government official, or in exchange for any improper favor or benefit.
Third-party agents, consultants, distributors, or any other third-party representatives acting for or on behalf of the Company (collectively, “third parties”) are prohibited from making corrupt payments on the Company’s behalf. This prohibition also applies to subcontractors hired by third parties to perform work on the Company’s behalf.