12 Questions
According to the Anti-bribery & Corruption Policy, what is considered bribery?
Accepting or giving of gifts, money, hospitality or other favours in return for providing something of value
Who does the Anti-bribery & Corruption Policy apply to?
All employees and agents
What is the purpose of the Anti-bribery & Corruption Policy?
To ensure that no bribery or corruption occurs
Which one of the following is a behavior that is considered unacceptable according to the policies and procedures described in the text?
Accepting any financial or other reward in return for providing a favor
What is the maximum value of a gift that can be accepted according to the policies and procedures described in the text?
£100
Who is responsible for ensuring that all employees and agents are aware of the policy and rules regarding the acceptance of gifts and hospitality?
The Compliance Officer
What disciplinary action could be taken if an employee is found guilty of accepting bribes?
Summary dismissal
Which of the following is considered bribery according to the Anti-bribery & Corruption Policy?
Providing financial or other advantages to encourage improper behavior
Which of the following is a requirement for reporting gifts and rewards received by an employee?
All gifts, regardless of value, must be reported to an appropriate manager.
What is the purpose of reporting invitations to hospitality events to an appropriate manager?
To obtain authorization before accepting the invitation.
Under what circumstances can an employee offer gifts or rewards to customers, suppliers, and other persons?
When authorized by an appropriate manager and the company chief executive.
Who should be informed if an employee suspects acts of bribery within the organization?
The Compliance Officer
Study Notes
Anti-bribery & Corruption Policy
- Bribery is considered as offering, giving, receiving, or soliciting something of value to influence business decisions or to induce improper performance.
Scope and Application
- The policy applies to all employees, agents, contractors, and third-party representatives of the organization.
Purpose
- The purpose of the policy is to prevent bribery and corruption, and to comply with relevant laws and regulations.
Unacceptable Behavior
- Offering, giving, receiving, or soliciting bribes, including gifts, hospitality, or other benefits, is considered unacceptable behavior.
Gifts and Hospitality
- The maximum value of a gift that can be accepted is not explicitly stated in the policy, and prior approval from a manager is required.
- Managers are responsible for ensuring that employees and agents are aware of the policy and rules regarding gifts and hospitality.
Disciplinary Action
- Disciplinary action, including termination of employment, can be taken against an employee found guilty of accepting bribes.
Bribery Definition
- Any act of bribery, including offering, giving, receiving, or soliciting something of value to influence business decisions, is considered bribery.
Reporting Gifts and Rewards
- Employees must report gifts and rewards received, including the value and description of the gift, to an appropriate manager.
Reporting Hospitality Events
- Employees must report invitations to hospitality events to an appropriate manager to ensure transparency and accountability.
Offering Gifts and Rewards
- Employees can offer gifts or rewards to customers, suppliers, and other persons only with prior approval from a manager and in compliance with the policy.
Reporting Suspicions
- If an employee suspects acts of bribery within the organization, they must inform their manager or the compliance officer.
Test your knowledge on bribery and corruption with this quiz! Learn about the definition of bribery and understand the implications of accepting or giving gifts, money, or other favors in return for improper actions. See how well you understand the concept of providing financial or other advantages to influence someone's activities. Take the quiz now and enhance your understanding of anti-bribery and corruption policies.
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