MODEC's Corporate Social Contributions and Sponsorships Quiz

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Explain MODEC's policy regarding Social Contributions and Sponsorships.

MODEC's policy is to make corporate Social Contributions and Social Sponsorships consistent with the Code, the MODEC Group Anti-Corruption Compliance Policy, and all applicable laws and regulations.

What factors does the MODEC Group Company Executive consider when approving specific Social Contributions and Sponsorships?

The MODEC Group Company Executive considers whether the contribution complies with the Code, the MODEC Group Anti-Corruption Compliance Policy, and any other applicable guidelines, laws, or regulations.

What process must each Social Contribution and Sponsorship go through?

Each Social Contribution and Sponsorship must go through the Due Diligence and Approval Process established by MODEC.

What is the responsibility of MODEC Personnel requesting Social Contributions and Sponsorships?

It is the responsibility of MODEC Personnel to guarantee that any requested Social Contribution and Sponsorship will be made exclusively in accordance with the established procedure. Signup and view all the answers

Where can the Social Contribution and Sponsorship Request Form be found?

The Form can be found on Compliance Intranet or in MODEC’s workflow system. Signup and view all the answers

What is strictly prohibited according to the text?

Giving or offering bribes Signup and view all the answers

What is the intention behind giving bribes as mentioned in the text?

Corruptly influencing a person to obtain or retain business or secure improper business advantage Signup and view all the answers

What are MODEC personnel prohibited from doing in relation to bribes?

Requesting, agreeing to receive, or accepting Anything of Value Signup and view all the answers

What is prohibited in connection with MODEC's operations?

Facilitating Payments Signup and view all the answers

What is the purpose of bribes according to the text?

To corruptly influence individuals to obtain or retain business advantages Signup and view all the answers

What are Facilitating Payments and when are they typically made?

Small customary payments to lower-level Public Officials to expedite or secure non-discretionary, routine governmental administrative actions. Signup and view all the answers

How should MODEC personnel act in relation to bribes when expecting a function to be performed in good faith, impartially, or in a position of trust?

Not accept Anything of Value Signup and view all the answers

Under what circumstances does MODEC recognize the possibility of making Facilitating Payments?

When there is an imminent threat to the health, safety, or welfare of an employee, family member, or co-worker. Signup and view all the answers

What is the consequence of MODEC being liable for corrupt activities of third parties?

MODEC may be held responsible for the actions of third parties if they are acting on MODEC's behalf. Signup and view all the answers

What does the term 'knowing' encompass in the context of bribery by third parties?

Conscious disregard of suspicious actions or circumstances, and deliberate ignorance of facts. Signup and view all the answers

What is required for all payments made under the provision allowing Facilitating Payments in rare occasions?

Documentation and proper, accurate recording in MODEC Company's books and records. Signup and view all the answers

When should the CCO be notified after making a Facilitating Payment under exceptional circumstances?

As soon as possible after the payment is made. Signup and view all the answers

MODEC's Corporate Social Contributions and Sponsorships Quiz

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