This policy draws together Delin Consult’s principles on anti-corruption. The policy is designed to reduce the risk of Delin Consult offering; soliciting or extorting bribes and therefore reduce the risk of it being subject to legal or regulatory sanctions and reputational damage.
The policy applies throughout the company to all staff and business activities. The following international laws from Global Infrastructure Anti-Corruption Centre & Transparency International, UK underpin this policy and it is subject to any more demanding local legal requirements.
Corruption is the abuse of entrusted power for private financial or non-financial gain. It diverts resources from their proper use, distorts competition and creates gross inefficiencies in both the public and private sectors. Corruption can occur in the form of bribery, bribe solicitation or extortion.
Bribery is an offer or the receipt of any gift, loan, fee, reward or other advantage, whether directly or indirectly, to or from any person as an inducement to do something which is dishonest or illegal.
Bribe solicitation is the act of asking or enticing another to commit bribery.
Extortion is when bribe solicitation is accompanied by threats.
Facilitation payments are small payments made to expedite the performance of routine services to which the payer is entitled. For the purposes of this policy they are to be considered a form of bribery.
Delin Consult will undertake an annual review to ensure all related policies and procedures comply with this policy. The Board Members will review and ensure the investigation of any ‘Speaking Up’ or other reports raising concerns in relation to this policy.