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ANTIBRIBERY & CORRUPTION POLICY1INTRODUCTION1.1The Board of Directors of Ascendant Resources Inc.1has determined that, on the recommendation of the Corporate Governance Committee, Ascendant should
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To fill out an anti-bribery & corruption policy, follow these steps:
02
Start with an introduction: Clearly state the purpose and objectives of the policy.
03
Define key terms: Provide definitions for bribery, corruption, and related terms used in the policy.
04
Outline prohibited conduct: Clearly specify the actions that are considered bribery and corruption.
05
Identify responsible parties: Indicate who in the organization is responsible for enforcing and monitoring compliance with the policy.
06
Establish reporting procedures: Clearly explain how employees can report suspected bribery or corruption.
07
Provide guidance on gifts and hospitality: Lay down guidelines regarding acceptable and unacceptable gifts/entertainment.
08
Describe consequences of non-compliance: Clearly outline the disciplinary action that will be taken in case of policy violation.
09
Distribute and communicate the policy: Ensure all employees are aware of the policy and provide training if necessary.
10
Regularly review and update the policy: Periodically review and revise the policy to reflect changes in regulations or organizational needs.

Who needs anti-bribery amp corruption policy?

01
Any organization, regardless of size or industry, can benefit from having an anti-bribery & corruption policy.
02
Companies operating in countries with a high risk of corruption, or those involved in international business, are particularly encouraged to implement such a policy.
03
Governments, non-profit organizations, and public institutions also need anti-bribery & corruption policies to promote ethical behavior and prevent corruption.
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Anti-bribery & corruption policy is a set of guidelines and procedures implemented by an organization to prevent bribery and corruption activities within the company.
All employees, contractors, and business partners of the organization are required to adhere to and file the anti-bribery & corruption policy.
To fill out the anti-bribery & corruption policy, individuals must review the guidelines and procedures outlined in the policy document and ensure compliance with the rules.
The purpose of the anti-bribery & corruption policy is to establish a framework for ethical business practices and prevent bribery and corruption in the organization.
Information such as any instances of bribery or corruption, conflicts of interest, gifts or hospitality received, and procedures for reporting suspicious activities must be reported on the anti-bribery & corruption policy.
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