This document sets out the policy of Canary Wharf Group plc and its group of companies (the “Group”) in relation to bribery and corruption. It may be amended by the Group from time to time.
Commitment to bribery and corruption prevention:
(i) The Group adopts a strict approach to maintaining high standards of finance, business principles and ethics. The Group recognises the damage that fraud, bribery and other corrupt practices (together “Corruption”) can cause, not only to the financial standing of the Group but also to its reputation which it sees as a valuable asset.
(ii) The Group does not tolerate Corruption. Compliance with the Policy is mandatory. Breaches will be regarded as a serious matter by the Group and dealt with under the disciplinary procedure. Serious cases may be treated as gross misconduct and lead to summary dismissal.
(iii) The Canary Wharf Group plc board of directors (the “Board”) and all management within the Group are committed to the prevention of Corruption and to maintaining a culture in which it is never acceptable at any level.
(iv) The Group, Board and management are prepared to forego contracts rather than to pay bribes.
(v) All directors and Staff are required to act in a manner which seeks to ensure that the objectives of the Policy are achieved.
(vi) Details of how to report suspected bribery are available in the Whistle-blowing policy. Reporting is actively encouraged. No employee will suffer demotion, penalty or other adverse consequences for reporting a concern in good faith relating to bribery or for refusing to pay bribes, even if such report or refusal may result in the Group losing business.
All Staff are required to act with honesty and integrity at all times and to safeguard Group resources for which they are responsible. Staff must not engage in any activities which involve bribery, whether active or passive.
The prevention, detection and reporting of Corruption is the responsibility of all Staff with any suspicions being reported in line with the Whistle-blowing policy.
The Policy applies to the Group which also seeks to apply it to associated companies and joint ventures; third party contractors and service providers.
The Policy covers all staff employed by the Group (permanent, temporary and contractors) (“Staff”) within all areas and functions.