Cloudignyte Ltd is committed to ethical conduct and compliance with all applicable laws concerning bribery and corruption. We uphold our reputation for integrity by conducting all business dealings with transparency. This policy outlines our practices and the principles upheld by our team to combat bribery and corruption in all forms within our operations and beyond.
1. Purpose
This policy establishes Cloudignyte Ltd’s commitment to prevent bribery and corrupt practices, ensuring that all business operations are carried out in a fair, ethical, and legal manner. This policy guides our actions to support transparency and integrity.
2. Scope
The policy applies to all employees and associates of Cloudignyte Ltd, encompassing directors, managers, employees, and any third parties engaged with our operations worldwide.
3. Policy Statement
Cloudignyte Ltd prohibits:
– The exchange of bribes or corrupt practices, either directly or indirectly.
– The use of other routes or channels to provide unjustifiable advantages to or from any individual or organization.
4. Compliance with Laws
In adherence to the UK Bribery Act 2010 and the US Foreign Corrupt Practices Act (FCPA), Cloudignyte Ltd commits to maintaining robust compliance programs and supporting global legal compliance.
5. Responsibilities
– Directors and Compliance Officers: Ensure that all policies and preventive measures are regularly updated and effectively communicated to all employees.
– Employees: Adhere to the policy and report any discrepancies or violations to the compliance team.
6. Gifts and Hospitality
Strict controls must be observed regarding the giving or receiving of gifts or hospitality that may influence business decisions. Transparency and moderation must guide all such actions, requiring prior approval from the compliance team.
7. Donations and Sponsorships
No political donations will be made. Charitable contributions and sponsorships are to reflect the company’s ethical stance and will not be used as a subterfuge for bribery.
8. Training and Communication
Training on this policy is mandatory for all employees upon induction and annually thereafter. The policy is also communicated to all partners and associates to ensure collective adherence.
9. Monitoring and Review
The effectiveness of the anti-bribery and corruption measures is continuously monitored. Internal audits are regularly conducted to ensure policy adherence.
10. Reporting Violations
Reports of bribery or corruption can be made anonymously and will be handled with utmost confidentiality. The company provides full support to anyone who reports in good faith.
11. Penalties for Violation
Non-compliance with this policy will result in disciplinary action, which could include termination, legal action, or both.
12. Implementation
This policy is effective immediately and is binding on all employees and associates of Cloudignyte Ltd.
Dated: March 2024
Signed on behalf of Cloudignyte Ltd:
Signed: Tyrone Farrow, Managing Director