Business Ethics and Anti-Corruption Policy
TZ-QHSE-POL/01
This Policy is to outline the Top Zone Company’s risks related to Business Ethics and Anticorruption, to highlight our responsibilities under both the relevant Business Ethics and Anticorruption, laws and Company policies, and to provide the tools and support necessary to identify the risks that related for both.
Employees of the Company must abide by all applicable Business Ethics and Anti-corruption policy, including and the local Policy (Kurdistan/Iraq).
This Policy is applicable to every employee of Top Zone Company, including senior executive, financial officers, and to all members of the Company management.
Ethics Policy for our Business
Business ethics policy play a role in highlighting employee conduct. Ethical practices link to legally complying with regulations while ensuring the company can still get a competitive advantage in their market.
The basics of business ethics policy
Business ethics correlate with the implementation of policies related to areas like social and fiduciary responsibilities. Ethics are also included when we write official policies that demonstrate how an employee should behave in the workplace. A few other reasons our company should have an ethics policy include:
- Ethics policy can help employees determine the best approach to speaking with coworkers, along with potential and current customers to build long-term relationships with them. Employees can feel more inclined to be ethical if they feel satisfied with the behavior of their coworkers.
- It demonstrates the company’s culture, outline our company’s ethics policy to
interested applicants, so they know the way employees behave daily (work
appearance).
Types of ethical challenges in business
Top Zone company and its employees still faces ethical challenges. These challenges indicate the path of the organization. The types of ethical challenges that we should be aware of:
- Accounting
- Social Media
- Harassment and Discrimination
- Health and Safety
- Technology and Privacy
Anti-Corruption for our Business
This Anti-Corruption Policy concerns Top Zone. applies to all employees of the Company, without exception. This includes the management supervisor, officers
Our company takes corruption issues very seriously and management of the Company is committed to maintaining the highest standards of professional and ethical conduct. This commitment is reflected in the Company’s culture and policies, which includes its zerotolerance approach on all forms of corruption committed by Employees or third parties acting on the Company’s behalf.
Top Zone makes this commitment on ethical grounds and because Employees personally and the Company could be held legally accountable for violating anti-corruption laws with extremely severe penalties.
Common Forms of Corruption
While the Company does not tolerate any form of corruption, this document focuses on expressly prohibited practices under international anti-corruption legislation: bribery, kickbacks and facilitation payments
Bribery
Bribery involves the exchange of something of value to secure an undue or unwarranted business advantage. Bribery can involve many different parties to a transaction, but it always involves at least two primary parties: the person who pays the bribe and the person who receives it. Both raise serious ethical and legal issues and involve a breach of trust and duty by both parties. Bribes may take the form of any financial inducement, a gift in kind or some other favor such as an offer of employment to a relative of the person being bribed. Employees should never offer anything to a government official, public official or business partner in the private sector that could cause them to breach a duty entrusted to them by a public or private organization.
Kickbacks
Kickbacks are a scheme that arises when suppliers or service providers pay part of their fees to the individuals who give them the contract or some other business advantage. Paying kickbacks to win a bid may be one of the most common forms of bribery. The classic kickback typically involves a competitive public bid and an agent with ties to a government official overseeing the bidding process.
Facilitation Payments
Facilitation payments are small payments to officials with a view to speeding up routine governmental transactions to which the payer is already entitled. Unlike bribery, facilitation payments do not result in the receipt of an undue or unwarranted benefit; rather, they simply speed up or facilitate the transaction, which is why they are sometimes known as “speed money” or “grease payments.”
Reporting Violations
In case of any observing conduct that may violate this Policy, contact Company
Management.
Suspected violations will be reviewed and investigated as appropriate and may lead to disciplinary action. Any such reporting will be treated as confidential.
The Company strictly prohibits retaliation for good faith reports of suspected misconduct.
Failure to report a violation of this Policy constitutes an independent violation of this Policy
that is subject to discipline, up to and including termination of employment.