Rurelec PLC, ('Rurelec' or the 'Company') and its group of companies (the 'Group') are committed to conducting business in accordance with the highest ethical standards and in full compliance with all applicable anti-bribery and corruption laws and regulations, including the UK Bribery Act 2010 and local antibribery legislation where applicable.
Rurelec takes a zero tolerance approach to bribery by customers, employees, suppliers, agents, consultants or partners and is committed to acting professionally, fairly and with integrity in all business dealings and relationships; as such Rurelec has procedures in place which attempt to prevent bribery taking place and will fulfil its legal obligations to report any acts of bribery it becomes aware of to the relevant authorities.
The Act was given Royal Assent in April 2010 and came into force on 1 July 2011.
The Act defines 'Bribery' as the giving or taking of a reward in return for acting dishonestly and/or in breach of the law.
Offering, promising or giving of a reward, either directly or through a third party, to induce improper performance.
Accepting, agreeing to accept, or requesting of a reward in return for performing an activity improperly.
Offering, promising or giving of a reward to a foreign public official with the intention of obtaining or retaining business.
Failure to stop individuals or companies who are operating on its behalf from being involved in bribery.
Individuals found guilty of any of the first three bribery offences can be imprisoned for up to ten years, and/or receive an unlimited fine. Commercial organisations found guilty of any of the four offences can receive an unlimited fine. The proceeds of any bribe will also be confiscated.
All business partners, subsidiaries and those otherwise connected with the Group are reminded that the provisions of the Bribery Act apply to them as much as to the directors and employees of the Group.
A new Rurelec and Group Anti-bribery and Anti-corruption Policy was approved by the Board of Directors of Rurelec on 19 March 2020. A copy of this policy is found here.
If you believe that Rurelec, or one of its associates, has been involved in bribery please contact us at Rurelec PLC,